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In Switzerland, 786 missing products , including 360 active ingredients such as antibiotics , tranquilizers, vaccines and injection solutions for diabetics were reported in 2023. Data plays a pivotal role in supply, demand, and real-time monitoring of the drug supply chain by medicine authorities. Food and Drug Administration (FDA).
We’ve always been focused on ensuring that we have high-quality data that’s accessible and secure. Dramatic supply and demand shifts during the pandemic prioritized the need for data accuracy to solve short and long term supply chain challenges. Then look at generating quality data in the source-to-pay process.
Bad Supplier Relationship Management is the kryptonite for AP . Strong supplier relationships lead to new product development and innovation, as well as reduced costs and increased efficiencies. Pay on time. Paying suppliers on time builds trust and is the first step to improving supplier relationships.
This CPO demand has pushed vendors that may have offered point solutions for sourcing, CLM, spend analytics, or SRPM to expand their portfolio to include all four products.” As AI applications evolve and are increasingly embedded in S2P suites, quality data is critical to generating and presenting actionable insights.
This CPO demand has pushed vendors that may have offered point solutions for sourcing, CLM, spend analytics, or SRPM to expand their portfolio to include all four products.”. As AI applications evolve and are increasingly embedded in Source to Pay suites, quality data is critical to generating and presenting actionable insights.
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