Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

SAP, Roche and Tenthpin Partner to Create New Standard for Clinical Trial Supplies Operation

The supply chain underlying a clinical trial is a complex entity. Supply chain managers know that various things can go wrong in their efforts to deliver supplies. And drug makers need an efficient supply chain with an effective infrastructure to meet their clinical trial goals. The need is even more evident as the global pandemic impacts supply chains all over the world. Organizations conducting clinical trials need visibility into demand to ensure supply and packaging availability. Hence, there is a need to come up with new supply standards that match up to different types of challenges involved with the clinical trial supply chain. 

To address the same, software company SAP, pharmaceutical company Roche, and a global management consulting firm Tenthpin has formed an industry consortium. The consortium consists of numerous stakeholders from the life sciences industry, including clinical trial and interactive response technology system vendors, and will focus on defining and orchestrating optimally aligned clinical supplies processes. 

Recommended AI News: Asset Control Rebrands as Alveo Following Technology Innovation and Managed Services Growth

To revamp the clinical supplies processes, SAP with its innovative Customer service is designing a next-generation CSTM solution built on SAP S/4 HANA and SAP’s industry cloud. The solution will address the specific blinding and randomization needs for clinical trials to facilitate demand forecasting, manufacturing, packaging, labeling, and shipments of clinical trial materials. Through the inclusion of clinical trial parameters such as planned and active and enrollment rates SAP, Roche, and Tenthpin address key priorities of the life sciences industry by enabling more accurate planning and better inventory management.

Related Posts
1 of 19,886

Recommended AI News: Rakuten Acquires Leading Autofill Platform Fillr

The CTSM solution is planned to enable:

  • Higher flexibility in the business process to fulfill future clinical supplies demand
  • Streamlined processes and real-time data to help leaders make informed decisions on every aspect of the supply chain
  • End-to-end transparency and insights into the clinical supplies process from source to site to adhere to compliance requirements
  • Better collaboration among all CTSM stakeholders, from suppliers to life science companies to clinical sites
  • End-to-end support with supply setup, demand forecasting, sourcing and supply chain integrity, manufacturing and distribution

“This partnership represents a milestone in our industry cloud initiative,” said Peter Maier, president, Industries and Customer Advisory, SAP. “Together with Roche and Tenthpin, we can now address the specific needs of clinical trial supply management and improve business and ultimately patient outcomes. By gaining greater insights into forecasted demand and clinical site stock levels, the solution will help enable faster clinical supplies cycle times, reduce inventory overage, and allow informed decision-making from start to finish.”

Recommended AI News: Harmonate Appoints Richard Scheffrin CTO to Sustain Leadership in Data Operations for Funds

2 Comments
  1. […] I try to be consistent with my vendor grading scale: customer adoption and results are how you get that A grade from me. No awards are handed out for the “best vision,” or “most revolutionary framework.” Along those lines, what impressed me about SAP’s business network program this week was not the pending product news – it was the industry consortiums. White referred to the Catena-X Automotive Alliance. Perhaps even more impressive was the keynote highlight: SAP’s organizing role in the clinical trials ecosystem. […]

  2. resembled says

    This piece of writing will help the internet visitors for building up new web site
    or even a bⅼog from ѕtart to end.

Leave A Reply

Your email address will not be published.