We have witnessed unmanageable spikes in ICU bed demand, nursing shortages, and massive gaps in COVID-19 diagnostic tests (due to both the tests themselves, as well as testing capacity). At the same time, the Life Sciences industry has grappled with the challenges of an inadequate cold chain that is ill-equipped for mass vaccine distribution, not to mention unprecedented spikes in demand for products like Tylenol.
Many organizations have struggled to do real-time reporting on data from ERP systems like SAP and Oracle, creating gaps in inventory moving through distribution centers. These gaps can result in unfulfilled orders, financial penalties, lost revenue, and critical shortages ranging from medications and vaccines to medical devices at hospitals and empty shelves in retail stores.