What advantages can companies in the pharmaceutical sector gain from outsourcing their manufacturing requirements?
Lipmans Zeligmans. The main advantages are optimisation of resources and concentration on the company’s long-term, strategic processes. Why is this important? The deepening of the global economic crisis has significantly reduced end consumer purchasing power and is leading to increased competition between producers and the price of goods or services and effectively reducing their costs is more important than ever. This is driving all market players to find ways to optimise internal company costs and improve efficiency. One option or solution for improving business is to concentrate financial and human resources on the company’s long-term, strategic processes, and to outsource less important, non-core processes to companies specialised in effectively providing a specific service. In the pharmaceuticals industry, companies usually prefer to use contractors to perform standard processes, for which there is no risk of knowledge transfer. These are usually standard production processes, but
