Improving Supplier-Procurement-Clinicians Relationship in Pharma Industry
In today’s global business environment, pharmaceutical companies need lean operations and cost optimization to ensure a sustainable profit margin. These challenges provide an impetus to unleash suppliers’ value to directly impact the bottom line.
Over the last few years, however, that picture has changed dramatically. Today, the pressure is growing as generic drugs continue to enter the market. In addition, R&D requirements and marketing efforts are rising constantly, while governments and health insurance companies exert growing price pressure on the industry.
At the same time, business complexity is increasing, due to operations in emerging markets as well as legal, regulatory and supply-chain related challenges. As a result, diminishing margins are already reflected in stock price developments.
Consequently, pharmaceutical companies are searching for new ways to raise revenue and improve efficiency in every business area. For instance, marketing departments are investing significant efforts in finding innovative ways to increase turnover. They are also exploring new markets, product lines and sales channels. One of the biggest margin-engines still promises to reveal significant untapped value potential in the future for the pharma industry – procurement.
We will be discussing the following questions during the chat:
Q1: What are the opportunities for suppliers and procurement to work together closely in the pharma industry?
Q2: How can procurement, clinicians and suppliers work together to help health services and patients?
Q3: What do clinicians want from procurement?
Q4: Have the challenges and opportunities facing procurement in achieving efficiency in the supply chain changed?
Q5: On what imperatives pharma procurement organizations should focus?
Log into your LinkedIn account, follow CPO Innovation Group, join us using #cpoinnovation and comment your views on Improving Supplier-Procurement-Clinicians Relationship in Pharma Industry with industry leaders from 03:00 PM – 04:00 PM IST on Dec 23, 2020.
For more information, please contact:
Senior Manager – Marketing & Content Production
M: +91 8859964326
CPO Innovation – Strategic Intelligence to Supply Chain