Study Reveals How Pharmaceutical Firms Cut Costs

Jan. 13, 2005
Compiled By Traci Purdum A recent study, "Pharma Technical Services: Structuring for Manufacturing Process Ownership," by Best Practices LLC found that pharmaceutical companies are increasingly seeking to maximize resources and avoid shutdowns and ...
Compiled ByTraci Purdum A recent study, "Pharma Technical Services: Structuring for Manufacturing Process Ownership," by Best Practices LLC found that pharmaceutical companies are increasingly seeking to maximize resources and avoid shutdowns and product recalls. The study also reveals how pharmaceutical firms are improving manufacturing processes to ensure that products reach the market in cost-effective ways. According to the study, one benchmarked company standardizes technological processes across global locations to prevent process divergence that occurs from disparate equipment. Another company requires proven benefits before installing new technologies. In addition to benchmark technology practices, the report includes:
  • strategies for implementing successful structures and reporting relationships;
  • techniques for forecasting appropriate staffing levels and development training practices;
  • proactive procedures for managing speed of technological adoption;
  • analyses of technology adoption effects on reduced cycle time;
  • tactics for sharing best practices among sites.
Best Practices is a pharmaceutical research and consulting firm based in Chapel Hill, N.C. To download a summary of the report, visit www.benchmarkingreports.com/r/r339.htm.

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!