General Trends in Outsourcing
Business models of outsourcing activities in the pharmaceutical industry – current business and future trends
Dr. Siegfried Schmitt
Parexel Consulting, Uxbridge, Middlesex, United Kingdom
Outsourcing is an essential part of the pharmaceutical industry’s business model. The current economic climate has impacted both, contract givers and receivers. The relationship between the parties is dependent on the applied outsourcing business model. Understanding these models, combined with the ability to adopt modern compliance and business concepts, plus the willingness to innovate, will be the key to success for many companies in the outsourcing industry. Two key ingredients for success are knowledge management and risk-based compliance. If applied correctly, these will provide suppliers with a competitive edge.
pharmind 2011, Nr. 12, Seite 2146