Transportation of finished goods / products in the Healthcare & Pharma industry is sophisticated and high on compliance governance. These majors typically have manufacturing sites in select countries with their products in demand in over 100 countries. Transportation of finished Healthcare / Pharma products involve complexity in product classification, equipment handling, refrigerated (Reefer) transportation, hazardous handling and many more.
Healthcare / Pharma companies engage 4PL majors to ensure consistency in business process regardless of the origin / destination. Driving business processes with 4PL based on lane complexity, equipment available, competitive rates among other factors could be a lot intensive for purely human driven decision making. Using OLC, decision making and planning can be system enabled for higher efficiency of available workforce. As soon as the Transportation parameters are met, Shipping documents can be generated and auto assigned against the transaction based on Trade Management rules that will be setup using the Global Trade Management modules of OLC. Given the sensitive nature of the cargo (temperature constraints) there is significant demand to build a thorough alerts & notification ecosystem that will be sustainable & effective throughout the physical transportation phase. The digital era of IOT provides the complementing paradigm to achieve with higher involvement of devices than manual dependent data.
As is the case with all manufacturing, Healthcare & Pharma do have firm demands to support Supply Chain to their markets using strategic Warehousing positions. In most cases Warehousing is either located at the Destination in case of Global Export shipments or at Origin in cases of Distribution Logistics. A robust WMS that complements the Transportation System surely enhances the Supply chain dimension.
After all the hard work with the effective participation of various stakeholders, settlement process kicks in and there is a lot of strain and effort that goes in to ensure payment is not left or leaked. Transaction level settlement validation with the direct involvement of Operations staff makes the validation direct & effective and this is something that conventional Financials Systems do not provide to the required level of transaction scrutiny. Compliance sensitive industries such as Healthcare & Pharma demand greater controls at the transaction level to ensure penalties are avoided, checked or handled well.
We have found the Oracle’s Logistics Cloud has the right set of features to power the Healthcare & Pharma industries’ Logistics needs some of which are cited above.
