Re-engineering the pharmaceutical clinical trial supply chain

Clinical trials are forthcoming biomedical or behavioral research studies on human participants, designed to provide answers to specific questions regarding biomedical or behavioral interventions. They generally produce information on the efficacy and safety of drug products and medical devices. The...

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Main Author: Maithilli Anpazhahan
Other Authors: Rajesh Piplani
Format: Final Year Project
Language:English
Published: 2015
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Online Access:http://hdl.handle.net/10356/65287
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-652872023-03-04T18:31:35Z Re-engineering the pharmaceutical clinical trial supply chain Maithilli Anpazhahan Rajesh Piplani School of Mechanical and Aerospace Engineering DRNTU::Engineering::Mechanical engineering Clinical trials are forthcoming biomedical or behavioral research studies on human participants, designed to provide answers to specific questions regarding biomedical or behavioral interventions. They generally produce information on the efficacy and safety of drug products and medical devices. The process of manufacturing to being released in the market is a long and tedious one. It can take up to 15 years with a minimum of 6 years, and requires large funding of up to $1 billion. Despite this, the chances of clinical trial participants receiving successful drug formulations are slim. Out of all the drug products being explored, less that 20% are actually released into the market as new treatment methods. Since conducting clinical trials are costly yet have low chances of being successful, companies are starting to concentrate on lowering cost without compromising the efficacy and safety of drugs, as well as without lengthening the duration of trials. One way of reducing costs is to reduce supply chain expenditure. The main priority of clinical trial supply chain managements is to ensure the timely arrival of drug products to all patients without any interruption. To resolve the abovementioned challenges, many organizations have adopted a simulation model approach to observe the clinical trial supply chain and try all sorts of methods and ways to further improve it, therefore optimize it. This can be achieved by reducing lead times, maintaining supply demands, improving production efficiency as well as simulating demand forecast scenarios. For this project, a simulation model is designed to decide on the best supply chain approach to be used, by comparing the amount of drug wastage as well as the inventory holding times, which in turn can measure inventory holding costs. Bachelor of Engineering (Mechanical Engineering) 2015-07-01T01:28:21Z 2015-07-01T01:28:21Z 2015 2015 Final Year Project (FYP) http://hdl.handle.net/10356/65287 en Nanyang Technological University 102 p. application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic DRNTU::Engineering::Mechanical engineering
spellingShingle DRNTU::Engineering::Mechanical engineering
Maithilli Anpazhahan
Re-engineering the pharmaceutical clinical trial supply chain
description Clinical trials are forthcoming biomedical or behavioral research studies on human participants, designed to provide answers to specific questions regarding biomedical or behavioral interventions. They generally produce information on the efficacy and safety of drug products and medical devices. The process of manufacturing to being released in the market is a long and tedious one. It can take up to 15 years with a minimum of 6 years, and requires large funding of up to $1 billion. Despite this, the chances of clinical trial participants receiving successful drug formulations are slim. Out of all the drug products being explored, less that 20% are actually released into the market as new treatment methods. Since conducting clinical trials are costly yet have low chances of being successful, companies are starting to concentrate on lowering cost without compromising the efficacy and safety of drugs, as well as without lengthening the duration of trials. One way of reducing costs is to reduce supply chain expenditure. The main priority of clinical trial supply chain managements is to ensure the timely arrival of drug products to all patients without any interruption. To resolve the abovementioned challenges, many organizations have adopted a simulation model approach to observe the clinical trial supply chain and try all sorts of methods and ways to further improve it, therefore optimize it. This can be achieved by reducing lead times, maintaining supply demands, improving production efficiency as well as simulating demand forecast scenarios. For this project, a simulation model is designed to decide on the best supply chain approach to be used, by comparing the amount of drug wastage as well as the inventory holding times, which in turn can measure inventory holding costs.
author2 Rajesh Piplani
author_facet Rajesh Piplani
Maithilli Anpazhahan
format Final Year Project
author Maithilli Anpazhahan
author_sort Maithilli Anpazhahan
title Re-engineering the pharmaceutical clinical trial supply chain
title_short Re-engineering the pharmaceutical clinical trial supply chain
title_full Re-engineering the pharmaceutical clinical trial supply chain
title_fullStr Re-engineering the pharmaceutical clinical trial supply chain
title_full_unstemmed Re-engineering the pharmaceutical clinical trial supply chain
title_sort re-engineering the pharmaceutical clinical trial supply chain
publishDate 2015
url http://hdl.handle.net/10356/65287
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