Drug shortages have become a persistent reality rather than an occasional disruption, fundamentally reshaping how pharmacy executives approach inventory management, supplier relationships, and clinical decision-making. The traditional playbook no longer suffices when unpredictability is the only constant. This session brings together pharmacy leaders to explore how organizations are adapting their strategies, from safety stock optimization and alternative sourcing to clinical protocol adjustments and cross-functional crisis response.
Learning Objectives:
1. Evaluate inventory management approaches that balance cost efficiency with supply assurance in an environment of chronic drug shortages.
2. Analyze predictive and reactive strategies for shortage mitigation, including technology enablement, supplier diversification, and therapeutic substitution protocols.
3. Compare organizational models for shortage response and determine which governance structures and decision-making frameworks prove most effective.
4. Formulate enhanced inventory and shortage management strategies informed by collective experience and emerging best practices from peer organizations.