Business Services
Managed procurement service
Procurement cost savings for a mid sized Pharma drugs manufacturer in US
What was the main challenge in this project?
Delivering cost savings, while keeping the quality intact. Since it is related to drugs and medicines - the regulations are stringent.
What was your solution or approach?
Comprehensive evaluation of direct / indirect and core / non-core procurement costs in developing the entire cost saving framework.
What was the outcome or impact for the client?
After identification of cost saving opportunities, majorly focussed on non-core areas, we were able to deliver significant savings of over 12 million dollars annually for the client (12% cost savings) - making the total funds available serve them for a longer runway and increase chances of drug success.
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Project Details
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Industry:Healthcare & Medical
Budget:$10,000 - $50,000
Duration:1 - 3 months
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