Industry processes can become overly complex due to the shift toward new modalities with complex manufacturing/testing technologies, stratified patient populations and variation in regulatory requirements across markets. As a result, companies have to manage an increasing amount of “variants” for each of their key products. Each variant is currently managed as a different SKU in ERP systems and the related master data will become unmanageable as variant proliferation continues.
By not managing the SKU complexity, companies face several challenges, including IT burdens, compliance risk, high working capital levels, lost sales and excess costs.
Our segmentation solution helps reduce the number of SKUs significantly and provides a seamless flow of data between regulatory, quality, manufacturing and supply chain to provide assurance that the product batch is going to the right market with the right specifications and reduces friction between teams and time spent on ad-hoc conversations.