TraceLink, Genpact to enhance digital supply chain solutions in healthcare
TraceLink, a global leader in digital supply chain solutions, has announced a strategic partnership with Genpact (NYSE: G), a global professional services and solutions firm, to advance the digital transformation of supply chains within the healthcare and life sciences sectors. This collaboration combines TraceLink’s advanced technology for supply chain digitalization with Genpact’s expertise in data, technology, and AI solutions, aiming to deliver enhanced efficiency, predictability, and resilience in supply chain management.
The healthcare and life sciences industries are currently facing unprecedented supply chain pressures due to rapid technological advancements, innovative treatments, and global trade disruptions. Erich Gampenrieder, Global Head of Supply Chain Strategy and Growth at Genpact, emphasized the importance of this partnership: “Partnering with TraceLink, we are leveraging our data, technology, AI-first approach, and supply chain transformation expertise to tackle these challenges. Our combined deep knowledge of life sciences and healthcare is enabling us to transform how organizations manage and optimize their supply chains.”
The partnership leverages TraceLink’s Multienterprise Information Network Tower (MINT) and its extensive network of over 291,000 industry-specific entities. This collaboration enables pharmaceutical companies to develop comprehensive digitalization strategies, linking their ERP and other enterprise systems to a real-time network of partners. This integration facilitates access to real-time supply chain data and orchestrates multi-enterprise business relationships, significantly improving visibility and collaboration across the supply chain.
Shabbir Dahod, President and CEO of TraceLink, highlighted the transformative potential of the partnership: “Genpact’s proven track record in driving supply chain transformation, coupled with TraceLink’s unparalleled technology platform, Opus, creates a synergy that will propel companies towards achieving digital supply chain orchestration like never before.”
This strategic alliance between TraceLink and Genpact marks a significant development in digital supply chain management within the healthcare sector. By combining TraceLink’s innovative technology with Genpact’s transformative approaches, this partnership is poised to offer actionable solutions that address the complex challenges of today’s dynamic market environment, driving significant advancements in the efficiency and resilience of healthcare supply chains.