A Resilient Clinical Logistics Procurement Solution
Pipeline - Procurement Intelligence
Grand View Research's procurement intelligence arm providing vetted intelligence to build a reliable supply chain.
The constantly evolving shipping demands have emphasized the procurement of clinical logistics to coordinate and manage resources, procedures and materials in the supply chain of clinical trials. Industry leaders are counting on sourcing and supply strategies to enhance global health and pharmaceutical logistics. In essence, clinical logistics procurement can help healthcare professionals in 4PL services, tax estimations and drug valuations.
Outsourcing Continues to Remain Prominent
Pharmaceutical companies are bullish on outsourcing for robust cold chain management and temperature control management. Investments in outsourcing temperature-controlled logistics can assist in combating higher logistics costs, reduce waste products and negate clinical trial disruptions.
Outsourcing of clinical trials will help biotech and pharmaceutical stay ahead of the curve. A few upsides of outsourcing clinical trials are highlighted below:
? Support time-critical delivery of samples;
? Overcome resource challenges.
Soaring competition in conducting clinical trials is likely to underscore the penetration of outsourcing services.
What are Supplier Selection Criteria?
With clinical trials rising in size and complexity, finding the right suppliers to achieve cost savings remains a vital cog in boosting the clinical logistics supply chain. Some major highlights of supplier selection criteria are delineated below:
? Operational capabilities;
? Inbound or Outbound logistics;
? Types of logistics services;
? Regulatory standards and mandates.
Selection of an apt supplier will leverage tracking drug development through and ensure that patients get the right drug at the right time.
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