Gartner Research

Life Science Manufacturers Are Too Comfortable With Lagging Inventory Management Practices

Published: 27 September 2013

ID: G00248566

Analyst(s): Andrew Stevens , Todd Applebaum

Summary

With growing supply chain complexity and increasing emphasis on working capital utilization, pressure is mounting on supply chain executives at life science manufacturers to more effectively manage and even reduce inventories.

Table Of Contents
  • Impacts

Analysis

Impacts and Recommendations

  • Patient care and margins continue to outweigh inventory costs, leading to complacency with high inventory levels and less mature inventory management practices
  • As life science manufacturers pursue global growth and new product strategies, supply chain complexity is growing and business focus and priority on inventory management are increasing
  • Leaders in the industry are finding their typical methods to be inadequate, and shifting approaches to inventory management

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