Question

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?

Answer 1

Answer:

Supply-chain-management software is the software tool used in carrying out supply chain transactions, controlling various business processes and managing the relationship with suppliers.

If a company depends on the global supply chain, then it can be vulnerable to end-to-end risks, for example, political instability, natural disasters, cybersecurity breaches and also supplier risks. There can be production problems and also distribution issues.

Explanation: