Life Sciences Archives

Digital Transformation

One of the world’s leading medical products and technologies companies engaged 4C to drive end-to-end efficiencies across their procurement function through a multi-phase, multi-year transformation. The key objective was to transition transactional business process to their three global shared services centres, whilst automating processes and enhancing user-experience.

Effective Partnering for Competitive Advantage

How will sponsors and CROs achieve competitive advantage in todays clinical development environment? Be the first to make hybrid outsourcing models work with much greater efficiency and effectiveness.

Adapting to Evolution (and Revolution): Is Your Operating Model Fit for The Constantly Changing Global Environment?

We live in an era marked by rapid technological advancements, geopolitical shifts, unforeseen black swan events and the ever-evolving and dynamic nature of business and customer culture. As a result of this, organisations often find themselves having to navigate a fluid, complex and unpredictable global environment. The considerable challenge is to develop sustainable outcomes for the long-term when faced...

The Nexus of Healthcare Policies and Supply Chain Challenges

The upcoming general election and new government’s policies will undoubtedly have some impact on the landscape of supply chains and logistics for the next four years. How will the efficiency and resilience of supply chains influence the new government's ability to deliver on its policy promises? In particular in the NHS?

The Generation Game

The workplace environment is changing and our expectations of each other, our services, products and suppliers with it. As the generational mix of workers starts to evolve towards those born into a technology enabled world, what does that mean for our working relationships?

Analogue to Algorithm: Pioneering Change in a Digital Frontier

Delve into the importance of change in the procurement domain, how diverse approaches to change management can impact outcomes and how a harmonious blend of change management principles and technology can drive successful transformation.

Is Security of Supply Possible in Deflationary Supply Markets?

Falling prices can boost your bottom line, but can you secure supply in a deflationary market? This blog explores the challenges and opportunities of deflationary supply chains. Discover strategies for leveraging cost reductions while maintaining security.

Future-Proofing Life Sciences Procurement: Key Trends From The World Procurement Congress

We're delighted to share some valuable insights gathered from the recent World Procurement Congress held in the vibrant city of London from May 14th - 16th, this event was a powerhouse of knowledge exchange and networking. The Life Sciences industry is experiencing significant transformations due to technological advancements, demographic shifts, regulatory changes, and evolving consumer expectations.

Lost Without a Map?

Companies across all industries are facing an existential choice: transform or die. The proliferation of technologies; AI, automation, big data, and the cloud are rapidly reshaping how businesses operate and deliver value. Embracing these innovations is no longer a matter of competitive edge but a prerequisite for survival in an era of accelerated digital transformation. However, achieving true digital...

Facing the Facts – It’s Time to Rethink Clinical Outsourcing

Recently Will Sillar and Rob Aitchison have spent many enjoyable hours talking with some of the most experienced clinical sourcing professionals in the industry about our approach to clinical development sourcing and procurement. We’d like to hear your thoughts and opinions on what’s right, wrong or plain broken within the life science industry’s approach to clinical development outsourcing.

Why Is This the Right Time for a Radical Rethink of the Clinical Outsourcing Model and Approach?

It is two decades since the Pharmaceutical Contract Management Group (PCMG) first highlighted how the approach to outsourcing of the biopharmaceutical industry compared to others, such as IT, automotive, or construction. It concluded that pharma was at least 10 years behind in terms of maturity, vendor relationships, contracting and pricing. Find our why it's time for a radical rethink of...

Money in One Hand, Money Out the Other – Cash Choreography

With fluctuating inflation, energy costs and shifting consumer demand, 2024 will be an unusually turbulent economic climate; compressing working capital cycles by optimising the time between paying suppliers and collecting from customers will be vital for companies to maximise liquidity and build resilience no matter which direction markets trend. Forward-thinking companies now take a platform approach to connect O2C and...

Do you have a secure supply chain? How well do you really know your suppliers?

In today's fast-paced and ever-evolving business landscape, the significance of a secure and resilient supply chain cannot be overstated. Our 4C Transformative Procurement Survey highlighted that only 38% of respondent had a very good understanding of their first-tier supply base and more worryingly only 21% had only a basic understanding- which raised the question… Do you have a...

Mastering the Robot …. Automate > Innovate > Elevate

The modern business landscape where efficiency and productivity are paramount demands that organisations evolve quickly to survive. Robotic Process Automation (RPA) is a key tool in this quest, allowing for the rapid automation of repetitive tasks that were once performed by humans. But what is RPA and how might it transform procurement?

How AI Is Revolutionising the Life Sciences Industry

From discovering new drugs to diagnosing diseases, AI is helping scientists and clinicians achieve breakthroughs faster and more efficiently. But AI is not without its challenges. How can we ensure data quality, ethical standards, regulatory compliance and human trust in AI? Find out in this article, where we explore the benefits and risks of AI in the life sciences...