Dynamic Demand Forecasting in Pharma: Quantzig Explains Why Pharma Companies Must Embrace Demand Forecasting Analytics to Remain Competitive

LONDON–(BUSINESS WIRE)–#Analytics–One of the world’s leading analytics solutions provider, Quantzig, announces the completion of its recent article that offers comprehensive insights into the role of dynamic demand forecasting in the pharmaceutical industry.

What’s in it for you?

• New opportunities that can help pharma companies prepare for the new normal
• Insights on how leading pharma companies are capitalizing on recent developments
• Learn how dynamic demand forecasting is driving operational excellence in pharma

Our dynamic demand forecasting solutions are designed to deliver significant financial results for our clients, often starting within 5 weeks, enabling them to receive higher returns on their initial investments. Request a FREE proposal to learn more about our capabilities and how we can help you.

Why Choose Quantzig’s Dynamic Demand Forecasting Solutions?

In today’s complex business scenario, pharma companies are increasingly facing several stress factors that are, in most cases, intensifying with the constantly evolving regulatory requirements and customer expectations. Quantzig’s dynamic demand forecasting solutions can help you gauge the demand surge due to seasonal trends in drugs and equipment sales and incorporate the changes on a weekly basis to provide near-real-time forecasts. What sets us apart amid the intense competition is that our dynamic demand forecasting solution framework is designed to run on ensemble techniques that leverage multiple machine learning and NLP to identify the trends and provide you with the latest updates in a very short span of time.

The biggest challenge facing pharma companies today revolves around the effective demand prediction. We’ve got the right solutions to help you address such issues in the least possible time frame. Talk to our analytics experts to learn more.

According to Quantzig’s demand forecasting analytics experts, “To ensure alignment between the primary and secondary sales forecasts, collaboration between demand planners, commercial and marketing teams, as well as distributors will be critical in the post-COVID19 era.”

How Dynamic Demand Forecasting Can Help Pharma Companies

Dynamic demand forecasting enables pharma companies to set goals based on future predictions

Demand in the pharma industry is driven by a combination of push and pull driven demand, changing regulatory requirements, and competitive pricing pressures. Unlike the other industries, point-of-sale data is not easily accessible in pharma resulting in issues around demand visibility and data management. However, businesses that have leveraged dynamic demand forecasting approaches have been able to achieve their set goals based on future predictions and market trends.

Demand prediction and rapid response can increase market share

Working with leading pharma companies, we’ve witnessed that most challenges revolve around accurate demand forecasting. Leveraging accurate demand forecasting techniques in such a scenario has helped pharma companies to readjust their inventory plans and ensure its aligned to the actual demand resulting in maximized product sales and market share.

Leveraging dynamic demand forecasting insights can help drive pharma success

It’s no surprise that pharma leaders are leveraging demand forecasting techniques to gain real-time insights into factors impact demand. Insights such as these can help drive rapid responses to demand surges and enable businesses to make necessary adjustments to the production plans.

Book a FREE solution demo to gain comprehensive insights into our dynamic demand forecasting solutions portfolio.

We, at Quantzig, understand the significant opportunities that companies can unveil by predictive demand and market trends impacting growth in the post-crisis era. And to help companies excel in the competitive landscape, our team of supply chain analytics experts have listed how pharma companies can benefit from dynamic demand forecasting while shedding light on its role in driving product success. Read the complete article for comprehensive insights.

About Quantzig

Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal

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Quantzig
Anirban Choudhury

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