Why should you consider investing in optimization?

“When you say ROI, do you mean return on investment or risk of inaction?”

Regarding new technologies, human decision-making is a complicated phenomenon. This is because, for many companies, new technologies are still uncharted territory, and the anticipated return on investment is much more unpredictable.

But instead of focusing on the return on investment, shouldn’t we focus on the risk of inaction? During Covid-19, the world has shown great resilience to survive, leading to the accelerated adoption of new technologies in many businesses.

Embrace proactive risk management and focus on high value activities

More often than not, pharmaceutical companies will call N-SIDE to the rescue because they did not future-proof their clinical supply and now need to solve a drug shortage. Proactive risk management is much less stressful than reactive risk management. This is why the initial investment should always be put in perspective through the introduction and tracking of risk and waste KPIs.

As an immediate result, N-SIDE provides end-to-end visibility on your supply chain needs to ensure trial continuity (i.e. accurate patient demand, optimized quantities to be packaged or sourced, optimal IRT strategy, etc.). Our solutions allow supply chain managers to focus on high-value activities and perform automated monitoring of their trials daily.

See impressive ROI in no time

Regarding return on investment, there is no need to wait to see the impact of such solutions. As soon as an optimization methodology is put in place for your first trial, N-SIDE’s track record shows reductions of supply budget and drug waste levels by 20-60%.

Pursuing long-lasting success with continuous optimization and scenario testing will allow you to investigate potential changes in your clinical supply strategy, promote cross-functional collaboration, and control your targets.

If you are curious to see how this technology can help you decide better and improve every aspect of your clinical trial supply planning, our colleagues would be more than happy to show you a custom demo based on your needs.