The current situation in the pharmaceutical industry makes strategic sourcing decisions more important and more urgent than ever, forcing pharma companies to adopt progressive sourcing strategies where priority is being placed on driving business growth through gaining access to drugs, improving efficiencies, reducing costs, promoting innovation and developing strategic relationships built on trust.
In order to enjoy successful global outsourcing, global pharmaceutical players need to understand various cultures and values besides focusing on long-term strategy.
The best efforts by multinational pharma firms could be undermined by lack of awareness of local values and cultural norms.
Working successfully with global sourcing players involves deeper understanding around three broad areas – capability, capacity and culture. Obvius has the knowledge that will transform sourcing of products into a profit centre.