In many organizations, the value a new supplier brings tends to peak in the months immediately following onboarding. They were identified to fit a specific business need, often in the short-term, and as they age, they can be relegated to a “maintenance role.”
But in pharma and biotech, product development and market cycles are long, often lasting a decade or longer. In that environment, it’s critical to ensure that your strategic suppliers - whether they’re collecting trial data, processing results, or delivering critical compounds - continue to help your business grow.
That’s why we’ve built Scout as a supplier engagement platform. From supplier identification, to vetting, and through a regular cadence of performance management, we provide you a collaborative single source of truth so you never lose a data point, and you can work together with your vendors to ensure compliance, continued innovation, and growth.