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How to Live with Uncertain Pharma Demand Forecasts
2016-06-10 16:39:16| drugdiscoveryonline Home Page
o understand the prevalence of demand forecast inaccuracy – and the struggle to bring new products to market – Patheon commissioned ORC International to conduct in-depth interviews with 50 pharma industry executives with experience creating or implementing demand forecasts for commercial launches. The study confirms Mullen’s assessment. Every respondent said their forecasts either over- or under-estimated demand – indeed, future demand, they said, was the most difficult variable to predict. The majority of respondents said they over- or under-estimated demand by up to 25%, with some indicating that they were off by 26%-50% or even 100%. Nearly all respondents said that demand forecasting influences manufacturing decisions “a great deal.” They also noted that the consequences of inaccurate demand forecasting can be reputational damage, market share loss, lost days of production, destruction of inventory, and layoffs. A large majority of survey respondents said they plan to invest in improving their forecasting tools; almost all said they will be honing their inputs and assumptions over the next few years. And as long as there’s a satisfactory rate of return on investment, pharmaceutical companies should continue to try to improve the accuracy of their forecasts. But that’s not all they should be doing.
Tags: live
demand
uncertain
forecasts
Report: Iraqs oil sector plagued by volatile oil market and uncertain political environment
2016-05-27 01:00:00| Hydrocarbons Technology
The oil production in Iraq will continue to suffer owing to the problems being faced by the country, according to a GlobalData report.
Tags: report
market
environment
political
Harford Waste-To-Energy Facility Workers Face Uncertain Futures after Plant Shuts Down
2016-03-15 21:24:00| Waste Age
The Baltimore Sun When operations end at Harford County's waste-to-energy steam plant in Joppa Thursday, 47 people, some who have worked there for nearly 30 years, will lose their jobs. read more
UPDATE 3-Brazil's Usiminas slumps as turnaround plan remains uncertain
2016-02-18 22:06:17| Steel - Topix.net
Feb 18 Shares in Usinas Siderurgicas de Minas Gerais SA slumped on Thursday after shareholders failed to agree on a plan to help the money-losing Brazilian steelmaker weather a slumping domestic economy and alleviate its swelling debt burden. On a call to discuss fourth-quarter results, executives said controlling shareholders Nippon Steel & Sumitomo Metal Corp and Techint Group are studying steps to bolster Belo Horizonte, Brazil-based Usiminas.
Tags: plan
update
remains
uncertain
Heineken FY15 - a "strong performance in an uncertain world" - Analysis
2016-02-12 11:41:00| Daily beverage news and comment - from just-drinks.com
Yesterday, Heineken posted a solid set of full-year numbers. That's good news for the brewer, of course, but it always begs the question: Can the company keep it up?
Tags: world
performance
analysis
strong
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