Procurement Espresso

Procurement’s Billion Dollar Impact

Patient Recruitment and Retention is an important step in the drug discovery process, and billions of dollars are riding on the sourcing decision i.e., picking the right vendor.

Spare parts standardization and its impact on purchasing leverage

Parts standardization replaces numerous similar parts with one common part, resulting in the purchase of common parts in large quantities because they can be used across multiple applications/equipment.

India: emerging sourcing hub for Excipients

The Indian excipient market is growing at 10-12 percent as against the global growth rate of 5-7 percent. The global excipient manufacturers are also shifting towards India via different entry strategies -- joint venture, new manufacturing facility, and acquisition of domestic suppliers.

Social Media service providers: addressing the problem of plenty

The current supply market for social media management is very dynamic and diversified. Sourcing managers must evaluate various options by conducting a detailed comparative analysis -- that’s how they can surf the wave.