By Sphera’s Editorial Team | March 14, 2022

Managing Risk in the Pharmaceutical and Biotechnology Supply Chain

Use our four steps to introduce technology-based supply chain risk management within your enterprise in the pharmaceutical and biotechnology industry.

Specialty and small volume suppliers and highly technical shipping requirements put pharmaceutical and biotechnology supply chains at risk of disruption. Shortages and quality issues could severely damage a company’s reputation.  

To manage these and other risks, supply chain risk management (SCRM) must be deeply rooted in procurement and supplier management. The goal is to create a powerful SCRM program fueled by solid structures, educated teams and digital technology. But how do you get started? 

This framework guides you through four steps: 

  • Understand the status quo to determine your risk maturity.
  • Develop your supply chain risk management strategy. 
  • Implement your best-in-class approach.
  • Create and deliver long-term value.

Learn how to successfully introduce an SCRM program within your enterprise in the pharmaceutical and biotechnology industry. Get started now on your journey to greater supply chain resilience! 

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