No matter the stage of your life science organization, now is the time to focus on digital procurement. Maybe you’re still using spreadsheets and printed purchase orders. Perhaps you have an e-procurement system with limited supplier management and disconnected workflows. Or maybe you’ve implemented a procure-to-pay (P2P) or source-to-pay (S2P) platform, but are experiencing longtail and maverick spend.
Due to declines in R&D efficiency and increases in the cost to bring products to market, there has been a heightened focus on assessing procurement strategies and technologies in the move towards digital procurement.