Pharmaceutical companies must overhaul their processes and reconfigure their underlying IT to help create cost-effective, agile organisations that will deliver lasting value for shareholders.
An increasing proportion of profits comes from an ever smaller number of blockbuster drugs. Getting any drug to market takes longer as a result of more stringent approval processes, giving companies even less time to recoup their R&D investment before patents expire. Competition from generics manufactured in more economically favourable locations is intense, while governments are trying to cap prices and profits. Attempts to achieve economies of scale through mergers, joint ventures or outsourcing elements of the R&D process have proved elusive, as size has also brought complexity.
Pharmaceutical companies need to streamline their processes and redesign their supporting IT systems in order to get new products to market more quickly and cost-effectively. They should look to rationalise competing applications that have been implemented in different parts of the business. They also need an architecture that allows them to deploy solutions to new business units or joint ventures, and to manage the information flow to and from joint venture and outsourcing partners.
We help our clients in the pharmaceutical sector to implement programmes that deliver lasting value. These include:
• redesigning processes to streamline activities and reduce costs;
• consolidating or virtualising technology platforms to create more agile IT operations that deliver enhanced levels of service more cost-effectively;
• implementing new IT architectures;
• setting up shared services centres to eliminate duplication and create economies of scale;
• ensuring the organisation is in the right shape for successful outsourcing or offshoring; and
• identifying opportunities for growth, by creating an end-to-end view of services, so that clients can achieve new sources of revenue.
Through these services, we help clients identify the best approaches for increasing both efficiency (through strategic use of IT) and effectiveness (through adoption of best practices). Our proven approach to change management enables us to deliver significant improvements in performance for our clients.