Demand forecasting in pharmaceutical supply chains: A case study

April 30, 2019

Demand forecasting plays a critical role in logistics and supply chain management. In the paper, state-of-art methods and key challenges in demand forecasting for the pharmaceutical industry are discussed. An integrated procedure for in-market product demand forecasting and purchase order generation in the pharmaceutical supply chain is described. A case study for supply of pharmaceutical products from a wholesaler to a distribution company located in an emerging market is presented. Alternative forecasting scenarios for thebaseline demand calculations using the SMA model, multiple linear regressions and symbolic regression with genetic programming are experimentally investigated, and their practical implicationsare discussed.

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ACI Limited

ACI is one of the leading diversified conglomerates in Bangladesh performing businesses in various areas of Pharmaceuticals, Consumer Brands and Commodity Products, Agribusinesses and Retail Chain Shops with a mission to improve the Quality of life of the people of Bangladesh.

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Spotlight

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ACI is one of the leading diversified conglomerates in Bangladesh performing businesses in various areas of Pharmaceuticals, Consumer Brands and Commodity Products, Agribusinesses and Retail Chain Shops with a mission to improve the Quality of life of the people of Bangladesh.

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