Clinical Supply Chain Forecasting And Simulation

Accurate forecasting of clinical supplies has become increasingly important in the past several years as planning the amount of study drug and other materials required to complete a trial has grown in complexity. Key drivers adding to this complexity include increased numbers of trials, reduced start-up timelines, patient recruitment challenges, globalization leading to more distant clinical sites and a variety of regulatory requirements, and escalating costs for investigational drugs and comparators. To meet these challenges, sponsors have turned to a variety of forecasting methods ranging from manual spreadsheet calculations to software that enables sophisticated supply chain modeling. Well-designed forecasting solutions provide real Business Intelligence (BI) that enables data-driven decisions when planning, running and closing a study. And IRT Systems provide the ideal platform to collect and feed real-world information into the forecasting solutions.