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    This document is a 2,471 word report about how Industry 4.0 has impacted Pfizer's supply chain operations. It provides an introduction to Pfizer and outlines the literature review and impact sections. The literature review examines how past industrial revolutions introduced major technological and societal changes. Industry 4.0 distinguishes itself by integrating physical, digital and biological systems through advances in areas like AI, robotics, IoT and 3D printing. The impact section notes that Pfizer relies on hospital orders for 60-70% of its revenue and that Industry 4.0 technologies have helped enhance efficiency in inventory management, demand forecasting and production planning compared to slower traditional communication methods previously used. However, challenges remain in fully leveraging

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    This document is a 2,471 word report about how Industry 4.0 has impacted Pfizer's supply chain operations. It provides an introduction to Pfizer and outlines the literature review and impact sections. The literature review examines how past industrial revolutions introduced major technological and societal changes. Industry 4.0 distinguishes itself by integrating physical, digital and biological systems through advances in areas like AI, robotics, IoT and 3D printing. The impact section notes that Pfizer relies on hospital orders for 60-70% of its revenue and that Industry 4.0 technologies have helped enhance efficiency in inventory management, demand forecasting and production planning compared to slower traditional communication methods previously used. However, challenges remain in fully leveraging

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    11 views2 pages

    1

    Uploaded by

    rishi
    This document is a 2,471 word report about how Industry 4.0 has impacted Pfizer's supply chain operations. It provides an introduction to Pfizer and outlines the literature review and impact sections. The literature review examines how past industrial revolutions introduced major technological and societal changes. Industry 4.0 distinguishes itself by integrating physical, digital and biological systems through advances in areas like AI, robotics, IoT and 3D printing. The impact section notes that Pfizer relies on hospital orders for 60-70% of its revenue and that Industry 4.0 technologies have helped enhance efficiency in inventory management, demand forecasting and production planning compared to slower traditional communication methods previously used. However, challenges remain in fully leveraging

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    BSOM046: Managing Operations and Supply Chain

    Faculty of Business & Law


    Student Name: Sanjeet Singh Takkhar
    Student ID: 19439115
    BSOM046
    MANAGING OPERATION AND SUPPLY CHAIN

    Lecturer: ANDREW GOUGH


    WORDS COUNT: 2471

    Table of Contents
    1.0 Introduction: 3
    2.0 Literature Review: 4
    3.0 Impact of Industry 4.0 on Pfizer: 6
    References: 10

    1.0 Introduction:
    Pfizer, a leading multinational pharmaceutical company with an 8.2% market share in the UK
    pharmaceutical market, has witnessed significant growth since its establishment in 1849.
    Employing around 88,300 people globally and operating in 125 countries, Pfizer focuses on
    developing medicines and vaccines across various medical disciplines. This report explores the
    impact of Industry 4.0 on Pfizer's supply chain operations.

    Source: Statista, 2020

    The advent of Industry 4.0 has brought about substantial changes in various industries, including
    pharmaceuticals. This research delves into the origins of Industry 4.0, or the Fourth Industrial
    Revolution, and critically assesses its effects on Pfizer's supply chain.

    2.0 Literature Review:


    The term "revolution" signifies a significant societal or economic change. Examining past
    industrial revolutions, starting from the first in 1700, reveals transformative shifts in technology,
    materials, and industries. The fourth industrial revolution distinguishes itself by amalgamating
    physical, digital, and biological systems at an unprecedented rate, driven by breakthroughs in
    artificial intelligence, robotics, internet of things, 3D printing, nanotechnology, biotechnology,
    and more.

    The Fourth Industrial Revolution, marked by smart factories and automation, has substantially
    improved manufacturing efficiency, introducing agility and flexibility. This section critically
    analyzes its impact on Pfizer's supply chain operations.

    3.0 Impact of Industry 4.0 on Pfizer:


    The pharmaceutical supply chain involves the integration of activities from raw materials to end-
    users. Pfizer, positioned between product developers and healthcare providers, relies
    significantly on hospital orders, contributing to 60-70% of its revenue.

    Previously, Pfizer's supply chain operations were slower, relying on traditional communication
    methods for order placement and evaluation of stocks. Industry 4.0 technologies have enabled
    Pfizer to enhance efficiency, particularly in inventory management, demand forecasting, and
    production planning.

    Utilizing technologies like online ordering systems, Pfizer has aimed to streamline processes.
    However, challenges persist in fully leveraging the potential of these advancements. Integrating
    real-time tracking options and IoT, such as RFID chips, could further enhance Pfizer's supply
    chain, providing healthcare providers with improved visibility and control.

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