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Proactive Procurement Strategies For Biotech With Tom Wells
Manage episode 489052257 series 2739469
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On this week's episode of the Business of Biotech, Tom Wells, Director of Life Sciences at 4C Associates, reveals why -- and how -- smart procurement practices can make or break emerging biotech companies during critical growth stages. Tom shares insights into procurement tools and strategies that can deliver breakthrough solutions, how poor procurement practices can damage investor confidence, and why thinking about procurement as the front end of demand flow, not the back end of supply chain, can help drug developers avoid costly mistakes.
This episode of the Business of Biotech is brought to you by Ecolab.
Access this and hundreds of episodes of the Business of Biotech videocast under the Business of Biotech tab at lifescienceleader.com.
Subscribe to our monthly Business of Biotech newsletter.
Get in touch with guest and topic suggestions: [email protected]
Find Ben Comer on LinkedIn: https://www.linkedin.com/in/bencomer/
Chapters
1. Episode Introduction and Sponsor Message (00:00:00)
2. Tom's Journey to Procurement Excellence (00:07:19)
3. Procurement as Strategic Front-End of Demand (00:14:07)
4. Creating Value Beyond Cost Reduction (00:21:49)
5. Becoming a Customer of Choice (00:27:29)
6. Biotech Procurement Growth Challenges (00:36:09)
7. CRO Relationships and Strategic Partnership (00:45:47)
8. Innovative Approaches to Supplier Sourcing (00:53:13)
9. Value-Based Contracting and Outcome Payments (00:56:30)
272 episodes
Manage episode 489052257 series 2739469
We love to hear from our listeners. Send us a message.
On this week's episode of the Business of Biotech, Tom Wells, Director of Life Sciences at 4C Associates, reveals why -- and how -- smart procurement practices can make or break emerging biotech companies during critical growth stages. Tom shares insights into procurement tools and strategies that can deliver breakthrough solutions, how poor procurement practices can damage investor confidence, and why thinking about procurement as the front end of demand flow, not the back end of supply chain, can help drug developers avoid costly mistakes.
This episode of the Business of Biotech is brought to you by Ecolab.
Access this and hundreds of episodes of the Business of Biotech videocast under the Business of Biotech tab at lifescienceleader.com.
Subscribe to our monthly Business of Biotech newsletter.
Get in touch with guest and topic suggestions: [email protected]
Find Ben Comer on LinkedIn: https://www.linkedin.com/in/bencomer/
Chapters
1. Episode Introduction and Sponsor Message (00:00:00)
2. Tom's Journey to Procurement Excellence (00:07:19)
3. Procurement as Strategic Front-End of Demand (00:14:07)
4. Creating Value Beyond Cost Reduction (00:21:49)
5. Becoming a Customer of Choice (00:27:29)
6. Biotech Procurement Growth Challenges (00:36:09)
7. CRO Relationships and Strategic Partnership (00:45:47)
8. Innovative Approaches to Supplier Sourcing (00:53:13)
9. Value-Based Contracting and Outcome Payments (00:56:30)
272 episodes
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