Life Sciences

Developing a better understanding of living organisms and processes holds great promise for patient care, yet challenges remain.

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Challenges faced by the procurement team

Broader traceability challenges

The life sciences sector is weighed down by lack of end-to-end traceability across the product lifecycle.

  • Deploy immutable and permissioned ledger systems to enable rich insights into the flow of products from production to pharmacy, besides smoothing the supply chain
  • Foster increased collaboration between supply chain participants to clear roadblocks expeditiously and ensure they work as a well-oiled team to significantly improve speed of delivery
  • Leverage traceability of critical supply chain components to forecast and circumvent disruptions in time and avoid damages to the business’s social and financial reputation
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A tough run called pharma compliance

Life sciences market participants have a widening swathe of supplier compliance mandates to grapple with.

  • Intensely monitor the supplier’s capability to overcome unexpected developments and efficiently support operations during crises as well as detect and respond to supply interruptions promptly
  • Thoroughly vet shortlisted supplier organizations for compliance with responsible business conditions (e.g., labor standards), sustainable social and environmental practices, and data security standards
  • Explicitly define controls in vendor SLAs to bring supply-side participants into line with your compliance risk tolerance levels and make them responsible for their actions
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More input cost spikes

Rising input costs and competition from generic formulations is a key concern for players in the life sciences landscape.

  • Accurately predict end user demand and progressively thin the margin of error to reduce lost sales as well as appreciably save on storage costs
  • Gain improved visibility of inventory moving along the supply chain to determine the most efficient routes to reduce costs and increase speed to market
  • Peruse each cost element that goes into the supplier’s final price and turn the findings into a negotiation lever to hammer out favorable cost outcomes
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Industries

Biotech and Pharmaceuticals

Biotech and Pharmaceuticals

Biotech and Pharmaceuticals

Market participants must embrace rigorous quality control and improve product traceability to live up to regulators’ expectations.

Medical Devices and Technology

Medical Devices and Technology

Medical Devices and Technology

Medical devices have to be safe throughout their useful life, so product quality and supplier response times are crucial.

Hospitals and Health Systems

Hospitals and Health Systems

Hospitals and Health Systems

Cost pressures show no sign of easing; a deeper understanding of supply inefficiencies will help tame costs better.

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Regulations are changing, and staying compliant is a tall order. We will ensure you satisfy all relevant regulatory  mandates.

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Featured Case Study

The Biggest Problems with Pharmaceutical Raw Materials Market, And How You Can Fix It

The Biggest Problems with Pharmaceutical Raw Materials Market, And How You Can Fix It

May 13, 2025

If you were to ever glance on the packaging of medicines, it would enlist the chemicals and composition used to manufacture that drug. However, chemicals are not the only raw material used in the pharmaceutical manufacturing process. Pharmaceutical raw materials also include natural raw materials like leaves, flowers, fruits, fungi,...

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Dig Deeper with "SE Insights" Procurement Reports

Gathering data on your supplier’s capability to deliver high-quality products is just not enough. More open communication will ensure suppliers not only deliver with quality but also ahead of schedule.

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Industry Resources

The Biggest Problems with Pharmaceutical Raw Materials Market, And How You Can Fix It

The Biggest Problems with Pharmaceutical Raw Materials Market, And How You Can Fix It

If you were to ever glance on the packaging of medicines, it would enlist the chemicals and composition used to manufacture that drug. However, chemicals are not the only raw...

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Pharma 4.0 Smart Manufacturing: Revolutionizing Biotech Innovation with Cutting-Edge Efficiency and Precision

Pharma 4.0 Smart Manufacturing: Revolutionizing Biotech Innovation with Cutting-Edge Efficiency and Precision

The global biotechnology market, valued at $1,300 billion, is experiencing growth driven by customized treatments and an aging population. However, challenges such as competition from generics, government-regulated pricing, and evolving...

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Developing Risk Management Strategy for a Pharma Manufacturer

Developing Risk Management Strategy for a Pharma Manufacturer

Author: Rajesh Case Study Overview Client Industry Solution Global Pharmaceutical ManufacturerPharmaceuticals, Packaging, Logistics, and WarehousingIdentified and Helped in the Implementation of an Ideal Risk Management Strategy in Pharmaceutical Industry About the Client A renowned...

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A Healthcare Client Catapults Growth with Improved Category Management  

A Healthcare Client Catapults Growth with Improved Category Management  

What is the role of category management in the healthcare industry? Healthcare organizations face rising medical costs, regulatory changes, and increasing patient expectations. Categorizing products and services helps them understand spending,...

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Transforming Procurement Pharmaceuticals: Strategies for the Future

Transforming Procurement Pharmaceuticals: Strategies for the Future

Author: AVP, Sourcing and Procurement, Infiniti Research Key takeaways Supply Chain Transparency and Visibility: Maintaining transparency and visibility in the supply chain is crucial for efficient pharma procurement, enabling better planning,...

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Regulatory Framework Guiding the Pharmaceutical Packaging Industry

Regulatory Framework Guiding the Pharmaceutical Packaging Industry

Pharmaceutical packaging is a matter of serious concern for both the drug manufacturers and consumers. The primary objective of pharmaceutical packaging is to protect the medicine from external factors such...

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Purchasing and Priority Strategies for Medical Equipment and Devices

Purchasing and Priority Strategies for Medical Equipment and Devices

By: George Mathew Key takeaways Critical Role of Quality and Reliability: Ensuring high-quality and reliable medical equipment is paramount for healthcare organizations. Thorough evaluation of suppliers and their products is essential to...

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Strategies for Enhancing the Resilience and Efficiency of Pharmaceutical Supply Chain

Strategies for Enhancing the Resilience and Efficiency of Pharmaceutical Supply Chain

By: George Mathew Key Takeaways 1. Regulatory Compliance: Adhering to stringent guidelines and regulations is crucial for the safe and effective delivery of medications. 2. Cold Chain Management: Maintaining temperature-controlled conditions during storage...

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Cost Model Analysis Helps Renowned Biomedical Engineering Client Create a Profitable Cost Mix

Cost Model Analysis Helps Renowned Biomedical Engineering Client Create a Profitable Cost Mix

Author: Associate Vice President, Marketing and Procurement Strategy, SpendEdge. Case Study Overview Client Industry Solution Biomedical engineering firmBiotechnologyCost model analysis solution to understand direct and indirect costs Overview of the Biotechnology Industry The biotechnology...

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Make Informed Procurement Decisions with SE Insights

Mismatches between your needs and what your supplier delivers could weaken business performance. By collaborating intensely with suppliers, you can ensure your penchant for KPIs grows on them as well.

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