Role of IT on the Effectiveness of Logistics and Supply Chain Management Systems in the Pharmaceutical Sector in Saudi Arabia Vision 2030

Abstract

The main objective of this study is to evaluate how IT might improve the efficacy and efficiency of supply chain management and logistics systems in the pharmaceutical sector because the pharmaceutical industry is experiencing a transformation by the lofty objectives outlined by Saudi Arabia Vision 2030.  The study was conducted using 150 executives working in the Saudi Arabian pharmaceutical industry's logistics and supply chain division. An open-ended survey questions were used to determine how IT technology affects pharmaceutical logistics and supply chain using non-probability sampling, logistics managers' LinkedIn accounts were selected for the sample, irrespective of the organization's size, location, or gender.  SPSS statistical tools were used to analyse the data. It was found that the integration of IT tools and systems has emerged as a crucial enabler in this process. By harnessing the power of data analytics, IoT (Internet of Things), and automation, pharmaceutical companies can gain real-time insights into their supply chains. This, in turn, allows them to develop agile responses to changing market dynamics and customer expectations. Such strategic decisions, driven by IT, enable businesses to adapt quickly, reorganize their operations, and offer value-added services tailored to the specific needs of the market. Moreover, the creative application of IT solutions facilitates efficient inventory management, demand forecasting, and tracking of pharmaceutical products from manufacturing facilities to end consumers results also show that companies may simply increase the pace of the supply chain with the aid of innovative chances in major choices and judgments.