nVentic joins the Sustainable Medicines Partnership
YewMaker, the executive lead of the Sustainable Medicines Partnership (SMP), is announcing that nVentic has joined as a founding Collaborator.
The SMP is a not-for-profit private-public collaboration executing projects to make the use of medicines more sustainable and less wasteful.
nVentic is a specialist inventory optimisation company that leverages advanced inventory science to help organisations better understand and manage their inventories.
In its collaboration with the SMP, nVentic will leverage its deep analytical capabilities to support the development of frameworks and approaches to improve medicine availability and reduce excesses that often get destroyed.
Read more about the scale and causes of inventory write offs in pharmaceutical manufacturing here.
“nVentic is passionate about reducing waste and improving availability through the better application of inventory science, and nowhere is this more critical than in the medicine supply chain. We are excited to be supporting the SMP in this ground-breaking initiative.”
“We are very pleased nVentic has joined the SMP, their deep inventory optimization capabilities and broad cross-sector knowledge are already proving highly valuable. Billions of excess medicines are destroyed every year, and every part of the supply chain can make changes that would substantially reduce this avoidable waste. This a priority area for the SMP.”
Posted 24/05/22
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Contacts:
YewMaker: comms@yewmaker.com
nVentic: information@nventic.com
About the Sustainable Medicines Partnership
The SMP is a not-for-profit, private-public, multi-stakeholder collaboration. Through executing priority actions, the Sustainable Medicines Partnership aims to stop the avoidable waste of medicines and medicines packaging - reducing healthcare emissions and increasing health equity globally. Learn more at www.yewmaker.com/smp
About YewMaker
YewMaker builds science-based, scalable concepts and solutions that make healthcare more sustainable. YewMaker is the initiator and executive lead of the Sustainable Medicines Partnership. Learn more at www.yewmaker.com
About nVentic
nVentic is a group of people with a shared passion for applying advanced mathematical techniques to business challenges in a pragmatic, results-driven way. nVentic works intensively with manufacturing clients interested in improving inventory performance. nVentic delivers genuine expertise, backed up by proprietary analytical tools and is committed to innovation, creating a legacy of capability to hand on to the next generation. nVentic is keen to advance the academic discipline of inventory science and collaborates with academics in this field. Learn more at nventic.com
