Navigating Unique Challenges in Life Sciences Procurement

Life Sciences organizations are now facing new challenges. Interestingly, the obstacles for Life Sciences Procurement don’t always resemble those of Procurement organizations in other industries.

According to a recent ISG study of Fortune 3000 Life Sciences Procurement leaders, Procurement leaders, in general, are most concerned over labor cost inflation and rising wages, while Life Sciences Procurement leaders have supplier diversity at the top of their agendas. So, the challenge is for these leaders to think in ways that would shift the mindset and answer the question of how to make Procurement an “Accelerator” and not a “Hurdle.”

Watch the full webinar in which our experts discuss this important concept with a focus on the challenges that Life Sciences organizations solve above and beyond cost reduction.