The dilemma of supply chain exists in every sector; even in the pharmaceutical industry. Availability of medicine is an issue because of uncertainty and at the same time one can’t stock the shelves unnecessarily. Analytics tool plays a big role here in terms of efficiency and effectiveness. Analytics had been used for a very long time in this sector but today's analytical tools are quicker, collaborative (to suppliers and customers), advance and give visual effects to the users. FusionOps is a new analytical tool which lets pharmaceuticals analyze the data at one place which was difficult earlier. It also gives users an opportunity to see different scenarios and then take final decision. This tool lets the user anticipate demands, sectors the data and meet the targets on time.

To read more, please visit the following link: http://www.cio.com/article/3063513/heres-why-analytics-is-eating-the-supply-chain.html

Healthcare IT outsourcing market (HCIT) depends on health insurance industry, healthcare systems industry, and pharmaceutical industry. According to a report, this industry is expected to grow at a CAGR of 7.6%, to reach $50.4 billion by 2018 from $35 billion in 2013. 72% of the global HCIT outsourcing market is from North America and is expected to reach $36 billion by 2018 from $25 billion in 2013. The factors which contribute to the growth of the market are the rising pressure to curb healthcare costs across the globe, growing need to manage cash flow in back-office administration and IT management systems of healthcare provider, payers. Read more at: http://www.reportsnreports.com/reports/267152-healthcare-it-outsourcing-market-by-application-provider-ehr-rcm-lims-payer-crm-claims-management-fraud-detection-billing-life-science-erp-ctms-cdms-operational-scm-bpm-infrastructure-ims-cloud-computing-industry-global-forecast-to-2018.html

Lean Six Sigma, a globally accepted set of tools, techniques and project management practices is applied across various types of industries. It is also applied to the industry which supports our lives – the pharmaceutical industry.

Going by a process oriented approach, maintaining quality and regulatory standards are vital for pharma industries. Different parameters like value (service and cost), customers (internal customers, patients, doctors, regulators, health care providers, etc.) and quality (patient safety, fit for use) must be taken into account in the process flow. And all these will result into maximum effectiveness of the plant realizing the maximum ROI.

To learn in details how Lean and Six Sigma is applied in the pharma industry, read at http://www.ijqr.net/journal/v6-n1/3.pdf .