Life Science Procurement Market Intelligence,Medical Device Procurement

Biotechnology, Pharmaceutical & Life Sciences Procurement Intelligence Services

The biotechnology, pharmaceutical, and life sciences sector is subject to rapid changes in consumers’ preferences, demand-supply shifts, and recent innovations. Our procurement market intelligence services, which includes pharmaceutical procurement market intelligence services, help clients understand the best procurement practices for this sector. We also offer insights on how to acquire the best procurement services for the pharmaceutical services sector so that your business can reap the benefits of a high ROI.
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Globally, the industrial biotechnology, pharmaceutical, and life sciences industry has been facing challenges when it comes to the procurement of effective procurement market intelligence services. Though companies in the sector focus on expanding their customer base and enhancing their operations in emerging markets, they constantly face challenges in the form of expiring patents, acquiring the best procurement services, inventory management, controlled pricing, proliferation of generic drugs, and the need to increase R&D investments. Such procurement challenges pose a major threat to the profit margins of life sciences companies.

Uncertainties in the global economy are shifting the manufacturers’ focus from reducing cost to managing volatility. Consequently, factors such as improving visibility across the value chain and reaching out to emerging economies are rapidly taking the center stage in future procurement decisions. Our procurement market intelligence services, which include supply market intelligence services for the life sciences sector gives you the knowledge to keep you ahead of the competition. Besides "cost savings", our procurement market intelligence services allow you to focus on adding services that add value to your offerings.

We at SpendEdge offer effective procurement market intelligence services that help biotechnology, pharmaceutical, and life sciences companies improve their current sourcing and procurement practices, better understand the supplier base, identify cost saving opportunities, and get insights on the best procurement services available in the market today.

Categories we Cover

Raw Materials
  • Bulk drug raw materials
  • Intermediaries and APIs
  • Process chemicals
  • Agrochemicals
  • Excipients and solvents
  • Chemicals and media
  • Formulations
  • Finished products
  • Plant machinery and equipment
  • Metals and plastics
Packaging Materials
  • Bottles
  • Aluminum bags/pouches/foils
  • Paper
  • Cartons
  • Labels
  • Plastic containers/caps
  • Cans and Closures
  • Glass (molded and tubular)
  • Corrugated board
  • Shrink wrap
Indirect Spend
  • Facility Management Services
  • Facility Equipment and Supplies
  • Corporate Services
  • Professional Services
  • Marketing
  • Travel and Entertainment
  • Telecom and Networking
  • IT Services
  • Office Supplies and Equipment
  • Computers and Peripherals
  • Logistics and Transportation
  • Utilities

Sectors we Serve

Biotech and Pharmaceuticals

Our procurement intelligence analysis on the biotech and pharmaceuticals sector shows that due to recent technological advancements, aging population, and the expansion of services in new geographical regions, the biotech and pharmaceutical sector offers huge growth opportunities for pharmaceutical and players in the life sciences industry who have extensive knowledge about the key procurement services affecting this market’s landscape. However, constant regulatory changes and pricing restrictions from various regulatory bodies pose a challenge to the growth of the pharmaceutical companies. By focusing on helping clients gain a competitive edge and enhance the efficiency of their sourcing and procurement services, SpendEdge offers granular market and category-specific procurement intelligence services that help procurement managers benchmark their services against industry peers and identify improvement areas to achieve better cost savings and embrace supplier innovations to stay ahead of the competition.

Medical Devices and Technology

Recent procurement intelligence analysis of the medical devices sector shows that apart from the need to adapt to changes in the global market landscape, the medical devices and technologies companies also have the need to provide products of superior quality to their end-users. By focusing on clients’ key business processes, SpendEdge’s procurement intelligence services help companies in the medical devices sector improve their understanding of the supply market, manage their tail spend, and achieve improved cost savings. To help you focus more on the core business, we offer comprehensive analysis of the best procurement services to implement proven sourcing strategies. Our ongoing supplier risk assessment and monitoring solutions help category managers in life sciences industry track any potential disruption in the supply market and be ready with mitigation strategies.

Hospitals and Health Systems

An analysis of the procurement intelligence services for the health systems sector shows that due to the need to improve delivery systems, procurement managers face the dire need to purchase new equipment, replace medical systems, and supplies that account for a major share of hospital expenses. With hospitals and health systems facing constant pressures on reducing costs and reimbursements for care, sourcing professionals have the need to remove inefficiencies in their supply chain and reduce operational costs. By focusing more on demand-driven purchases, SpendEdge offers effective procurement intelligence solutions that help procurement managers in the life sciences industry gain detailed understanding of the supply landscape, price levels of various components and services, evaluate the best engagement models, and improve the sourcing of effective procurement services at an overall level.

Case Studies

How we have helped our customers

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