Manage Suppliers or Supply Chain ? A case of Fetal Bovine Serum

Abstract / Business Case : The procurement of FBS is very complex. Consider a market approaching supply base consolidation, driver of price is parent market, supply-demand dynamics add to more complexity in pricing and finally, supply chain disruptions, adulteration and quality issues. Procurement teams are faced with issues on fluctuating price, demand, quality. Additionally the regulatory authorities are growing stringent on the use of sera. This whitepaper examines the market, its subtleties and complexities and finally tries to address complexities faced by procurement through scenario analysis.