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4th Annual Pharma Strategic Sourcing and Procurement Summit

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Date: 03-Mar-15 to 05-Mar-15
Location: Amsterdam Marriott Hotel / Amsterdam / Netherlands
Category: Chemicals Healthcare & Pharmaceuticals Industrial & Manufacturing Conferences & Trade Fairs

Pharmaceutical companies are facing a critical moment. The growth of the generic medicine market, as a result of expiring patents, has placed considerable stress upon pharmaceutcal companies to maintain market share and profit margins. Much of the pressure has been laid at the feet of the soucing and procurement departments. This crucial challenge must be met, with cost reduction becoming a competitive differentiator. In this pursuit pharmaceuticals companies are searching for new ways to increase income and improve efficiency in every business area.
It is clear that purchasing professionals can proactively drive value-creation. However, do we have a full understanding of what value creation is, or what the best strategies or practices are in driving value creation? In truth many of us are only at the beginning of the journey. Pharmaceutical buyers need to take the initiative in demand management; creating demand forecasts for regularly purchased items based on the consumption history in addition to sales forecasts which help buyers avoid urgency orders in an aggressive supply market.
Stakeholder engagement is essential in procurement, but it is predominantly so when dealing with a generic-drug portfolio, where first-to-file status and time to market is especially important. Timely involvement and alignment with internal stakeholders and suppliers is crucial. A procurement function that dynamically contributes to the development of the portfolio strategy can bring substantial significance that also leads to competitive advantage.
The move from low cost sourcing, to best cost, to Global Sourcing also needs to be streamlined. The search for the best quality suppliers is no longer limited to the low cost countries, collaborative procurement is becoming common and improving the engagement and communication between global and local teams is taking more precedence. An engaged procurement function will develop a group of suppliers that is aligned with the company goals and capable of meeting those targets.
Simultaneously, business complexity is growing, due to operations in emerging markets as well as legal, regulatory and supply-chain related challenges. As a result, weakening margins are already mirrored in stock price progresses. The drug pipelines for most of the key pharmaceutical companies are frail and do not reveal the billions spent in R&D. The industry, which had formerly been used to a growth-at-all-costs attitude, is now warming to the idea of cost reduction playing a greater role in driving constant profitability.
This Summit will explore all the needed tools, techniques and strategies obligatory in effective risk mitigation and management as well as strategic sourcing strategies, how to face the procurement transformation in the global company, how to manage global sourcing and challenges in key supplier relationship management, whilst enabling you to join in on the rewarding discussions on cross- functional teams management, procurement skills and challenging value creation through procurement.



Key topics:
• Challenges of procurement transformation into a global function
• Building strong outsourcing partnerships in setting up a supply chain for new product introductions
• From low cost country sourcing to Global sourcing and its challenges
• Talent management, skill set of procurement people and their training
• Emerging market trends and the vision and shift by 2017
• How to set the effective engagement between Global and local teams for the deployment of best practices
• Strong demand for value creation through the procurement function and its obstacles
• Risk mitigation and effective supplier relationship management

Visitors

Expected attendees at this summit are Members of Board, Vice Presidents, Directors, Head and Senior Managers from the pharmaceutical industry involved in:

Strategic Sourcing
Direct procurement
Indirect procurement
Purchasing
Procurement
Demand Planning
Categories
Sales
Marketing
Supply chain
Operational and technical procurement

Exhibitors

Exhibitors are this event will be leading solution providers in the industry who will have the most relevant offerings on SRM, procurement and more

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