Develop A Cost-Effective cGMP Chemical Sourcing Strategy

Developing a cost-effective CGMP chemical sourcing strategy is critical for biopharma companies looking to accelerate their time to market. A successful strategy begins by establishing a sourcing plan, identifying hidden costs that impact risk and productivity (like poor on-time-in-full performance), and evaluating existing supply chain processes for bottlenecks.

For companies in early clinical stages, an outsourced supply chain can deliver attractive benefits. Outsourcing can mitigate disruptions through access to multiple chemical sources, increase delivery accuracy by proactively managing the supply chain, and improve productivity by streamlining inbound receipt and quality inspection. The data suggests significant projected savings, including a $2.3 million reduction in capital expenditure by eliminating the need for a clean room warehouse, $207K in annual operating expenses, and a $66.8K reduction in the risk of production delay.

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