Did you realize that 80-85% of Pharmaceutical/Biotech Manufacturers do not have a Procurement department? For most companies this is due to the investment needed to stand up a department and the prioritization of cash flow – as revenues increase, commercialization expenditures follow track and eventually the cost to stand up the department makes sense. We at Zensights see this gap every day and believe that there is a step approach that can be taken by the Pharma/Biotech manufacturers that will help them significantly with value creation as well as risk mitigation – up to the point that it makes sense to hire their own teams. To help bridge this gap, Zensights has developed its own Outsourced Procurement Offering for Pharma and Biotech manufacturers.
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