1st World Congress 2024 Detroit

AI-Driven Data Governance for Optimizing Supply Chain and Inventory Management in Pharmaceutical R&D

Sergio Mastrogiovanni
Publisher: IEOM Society International
0 Paper Citations
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Abstract

This paper assesses how the AI-enabled capability of Natural Language Processing, Large Language Models, and Generative AI endorses a robust research and development data governance framework. There is a need to guarantee the supply of necessary drugs and assist in reducing operating inefficiencies in the heavily regulated, overly intricate pharmaceutical business, and robust data governance facilitates end-to-end optimization in research and development (R&D) and supply chain. The study investigates how artificial intelligence (AI), particularly in its key forms of natural language processing (NLP), large language models (LLMs), and generative AI (GenAI), supports the creation of robust R&D data governance frameworks through real-time insights, enhanced data quality, and adherence to industry standards. The data includes real-world applications of AI in supply chain optimization and simulations of AI-driven inventory management models. The research focuses on data standardization and integration challenges from decentralized systems and how AI-driven governance has improved operational efficiency in demand forecasting and inventory control. The findings suggest that AI-driven governance frameworks can support the industry’s efforts to achieve this objective, emphasizing the reduction of supply chain disruptions while maintaining efficiency in providing treatments.

Published in: 1st World Congress 2024 Detroit, Detroit, United States

Publisher: IEOM Society International
Date of Conference: October 9-11, 2024

ISBN: 979-8-3507-1729-7
ISSN/E-ISSN: 2169-8767