Commodity Procurement Strategy: Enabling Companies to Ensure Cost Containment | SpendEdge

A Fortune 500 Global Pharmaceutical Company Develops Commodity Procurement Strategy to Ensure Cost Containment

A Fortune 500 Global Pharmaceutical Company Develops Commodity Procurement Strategy to Ensure Cost Containment

Global Pharmaceutical Industry Overview As expenditure control becomes prominent in the pharmaceutical industry, companies are compelled to return to old mainstay of the finance portfolio i.e., sourcing and procurement. Sourcing focuses on supplier selection and manufacturing supply chain whereas procurement drives the acquisition process for goods and services. Companies must take a more strategic approach […]

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