Strategic Sourcing in Life Sciences: Responding to Crisis

The life sciences industry plays the critical role of developing innovative therapies, identifying new medicines, and distributing medications to patients in need. With new requirements for operations and remote work, many biotech and pharmaceutical companies have had to rapidly adjust their business strategies. Despite these disruptions, many companies, like Biogen and Gilead, are also stepping up and contributing to the research and development (R&D) of potential vaccines for COVID-19.

Successful Procurement teams in Life Sciences are leveraging software solutions to respond to the current crisis, recover from it, and ultimately thrive. With intuitive tools to manage suppliers and collaborate with the business, Procurement and Sourcing teams have the agility to weather current uncertainties as well as the visibility to plan strategically for the future.

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