Procurement In Pharmaceutical Industry | Kronos Group
Pharmaceutical businesses can effectively mitigate procurement risks and gain a sustainable edge by optimising the effectiveness and performance of their procurement functions.
Working with a specialist with a proven track record in procurement consulting to leverage their expert insights and specialised knowledge can help organisations
Optimising the effectiveness of supply chain management
Effective supply chain management ties all of the above objectives together and is vital in ensuring the availability, quality, and safety of medicines and medical devices. In practice, this requires establishing effective systems for inventory management, warehousing, and transportation.
Partner with a specialist in procurement consultancy to reduce risks
The WHO recommends that organisations establish procurement oversight committees which include representatives from different departments to ensure that the procurement process is transparent and accountable.
Reduce risks and boost returns from procurement in pharmaceutical industry operations
Pharmaceutical organisations should ensure that their procurement process is transparent and that stakeholders are aware of the criteria used to evaluate bids and select suppliers.