2. Malkan Pharmaceutical Industries Ltd. is operating in the pharmaceutical industry with a number of drug formulations in the form of tablets, capsules, powder and syrup. These drugs are available to the patients through chemists or online pharmacies on prescriptions of registered practitioners only. Besides, the company has some over-the-counter products that are available to any person without prescriptions. The company markets its products through a network of wholesalers, who in turn have their retailer network. The company is finding it difficult to maintain the inventory of the stocks that it has at its disposal, warehousing processes and associated transactions including shipping, receiving, put-away and picking. In order to streamline its operations to achieve efficiency, the company is planning to invest in a SCM software. How would this help the company in achieving its objectives? What are the risks in implementing the same?
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A Supply Chain management Software (SCM) will provide you with the following benefits:
• Aiding in reducing and controlling costs
• Complete control over the product’s shipment and delivery system.
• Allows for superior customer care
• It facilitates proper decision-making and predicting
There two aspects to everything and SCM have a few disadvantages as well such as:
• SCM software are expensive
• If you are already making use of certain systems then aligning them with the SMC may be an issue.
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