This site is intended for Healthcare Professionals only.

Glenmark partners with AI-powered 7bridges to gain strategic advantage in its supply chain


Share post:

Glenmark, a multinational pharmaceutical company, has partnered with AI data-driven supply chain management platform 7bridges.

Initially focusing on their European business, where they have operations in 15 markets, the supply chain and logistics function is a big focus area for this cost reduction.

The partnership with 7bridges will allow Glenmark to baseline their supply chain data giving them visibility of data, cost and service performance across their network of logistics service providers.

This exercise will identify areas where invoices from their logistics service providers are being incorrectly or overcharged. With automatic dispute raising, savings will be quickly achieved. The platform will then enable Glenmark to benchmark their data, so they can compare the performance and cost of their LSPs to the wider industry.

With Glenmark’s global vision to emerge as a leading integrated research-based global pharmaceutical company, this investment in their supply chain will be integral to achieving this.

The next step in the partnership will be to run simulations to optimize road freight services and 3PL operations, with the aim to then roll out globally.

Christoph Stoller, President & Business Head of Europe at Glenmark, said: “We were looking for a supply chain data solution that provided us with quick value, clear spend reduction and that also gave us the flexibility to drive carrier relationship improvements, which I believe we’ve found in 7bridges.

The platform gives us greater visibility across our entire supply chain and will help us build the resilience needed to continue to effectively serve our customers. The partnership is tightly aligned to Glenmark’s digital transformation goals and network growth and I look forward to working with 7bridges on this journey.”

Philip Ashton, CEO and co-founder of 7bridges, commented: “Glenmark is an innovative business which explores the unparalleled possibilities of science. We’re delighted to be working with Glenmark to optimize their logistics network and help them create a robust and resilient supply chain that is equipped to handle their predicted growth.

With supply chain disruptions becoming an unavoidable part of pharmaceutical business, it is great to see companies like Glenmark investing in the tools necessary to safeguard themselves.”


Please enter your comment!
Please enter your name here

Current Issue March 2024

Related articles

Common antibiotic for whooping cough treatment ‘completely out of stock’ – Dr. Leyla Hannbeck

Whooping cough caused five infant deaths in the first quarter of 2024, according to UKHSA Pharmacists in the UK...

Labour with Nuffield Health to aid thousands of NHS staff with joint pain return to work

Nurses accounted for 52,000 of sick days, doctors for 3,500, both up since 2019 as per the Labour...

UWE Bristol and Bedminster Pharmacy to pioneer antimicrobial stewardship

The collaboration between UWE Bristol and Bedminster Pharmacy to address societal challenges In a collaborative effort to combat the...

What is the Importance of Proper Dental Care for the Entire Family?

Dental care is often seen as a routine part of our healthcare regimen, but its significance cannot be...