AdvantaPure(R) Contributes to Newly-Released Forecasting and Supply Planning Guide from BPOG; Combined Effort Aims to Improve Forecasting and Demand Planning
BPOG, the BioPhorum Operations Group, recently developed a best practices guide on forecasting and demand planning involving the biopharmaceutical industry. The guide, a collaborative effort involving biomanufacturers and suppliers, is available from BPOG’s website. It aims to help manufacturers and their vendors improve understanding and communication regarding each other’s needs. A self-assessment tool for measuring companies’ current planning processes is also available from the site.
The guide, titled Forecasting and Supply Planning: A Best Practice Industry Guide, is available for download from BPOG’s website at https://www.biophorum.com/forecasting-and-supply-planning-a-best-practice-guide-for-the-biopharmaceutical-industry/. The report offers insights into current challenges faced by biopharmaceutical manufacturers and their suppliers and explains why changes are needed.
As noted in BPOG’s announcement of the guide’s availability, Tropea “reflected that ‘Some of [the survey] was alarming in that there was a gap between what best-in-class is and what the reality is. However, where there is alarm, there is an opportunity.
‘The survey results allow us to set new levels of collaboration with our external partners. Our strategic plans are now dedicated to help build relationships that incorporate some of the targets in the survey. Using the survey gap analysis helped AdvantaPure develop a different mindset regarding how to manage our customers’ demands.’ ”
In addition to the guide, the group developed a Forecasting and Demand Planning Maturity Assessment Tool, a self-assessment tool for measuring current planning processes. Results of initial self-assessments of several participating companies, both end users and suppliers, are included in the guide. Topics include relationship and performance management, business practices, areas needing improvement, and identifying strengths.
Download the guide at https://www.biophorum.com/forecasting-and-supply-planning-a-best-practice-guide-for-the-biopharmaceutical-industry/, and learn more about the BioPhorum Operations Group at https://www.biophorum.com/.
For more information on AdvantaPure’s high purity products, visit http://www.advantapure.com or contact the AdvantaPure team by phone at 888-755-4370 or 215-526-2151; e-mail: email@example.com; fax: 888-258-4293 or 215-526-2167 or at 145 James Way, Southampton, PA 18966.
About AdvantaPure and NewAg(R) Industries
The AdvantaPure division of NewAge Industries is ISO 9001:2015 certified and specializes in high purity tubing, hose, Single-Use process tubing manifolds, BioClosure(R) container closure systems, and other molded components for the pharmaceutical, biopharm, biomedical, food, beverage and chemical industries. Products are manufactured, stored and shipped using methods that ensure product purity.
In business since 1954, NewAge Industries manufactures plastic and rubber tubing in reinforced and unreinforced styles. The company maintains a large inventory of tubing and fittings for its core product lines, provides custom extrusion and fabrication capabilities, and services customers worldwide. Automated product identification systems, including gamma-stable RFID tags and labels, are offered by NewAge’s Verigenics(R) division. In 2006, NewAge initiated an ESOP and became an employee owned company for the benefit of both its employees and customers.
BioClosure(R), NewAge Industries AdvantaPure(R), Verigenics(R), and NewAge(R) are trademarks of NewAge(R) Industries, Inc.