In recent years, pharmaceutical procurement has become highly technical and more confusing. The main reason is because the industry is increasingly following stringent procurement methods and failing bidders are rapidly and strongly challenging the results. Here you would find some helpful tips for implementing the right pharmaceutical procurement strategy for your organization.


You should understand that pharmaceutical procurement strategy doesn’t fall into the one-size-fits-all category. You would have to take into consideration your organization’s size, the size of your procurement projects and many other factors when creating an effective process. Keep in mind that your procurement document/process is nothing less than a legal document and it must be considered as such. You must determine the document/process that is needed for each one of the stages. You may need help in finding out what is needed. In such as case, you can even publish a Request for Information or RFI. This would help you get information from the leading players about the points to be addressed and the questions to be asked.


When you want to get information about the qualifications of suppliers, you would be issuing a Request for Expressions of Interest or RFEI. Once you have received several responses to your RFI or RFEI, it would be required to frame the Request for Proposal or RFP. When following these procurement methods, make sure that there is no disagreement between the RFI/RFEI and RFP. When your objective is to procure your project based only upon the lowest price, you can choose to issue only an Invitation to Tender or ITT. This method is used when you are certain that a few of the sources have the capability to carry out the project. In such a case, there is no need for a negotiation but you want to find the lowest bidder.


Even though, you would find it more favorable to use a single procurement document/process for all of your projects, it would only cause you more trouble than solving the problem. The document may carry clauses that can be confusing because they simply don’t apply to the new procurement project. When your organization has a tendency to rely on a single master document, an important pharmaceutical procurement strategy is to review the clauses and ensure that everything applies to your current project. It may be possible that it requires additional clauses or changes. Any unwanted information or shortage of information would only delay the entire process, and may even increase the costs.


Another one of the important procurement methods is to categorize your requirements. Check if the requirements are mandatory. All the terms in the document should be carefully reviewed, ensuring their preciseness and unambiguousness. when the document is being drafted, it is important to ensure that you are asking for the required information. It should be asked in a way that enables objective assessment. Sometimes, the filled out RFP may turn into the Schedule “A” of your final product. If you want to master pharmaceutical procurement strategy and make the entire process efficient for your organization, it is important that you attend the leading pharmaceutical procurement conferences.

If you want it improve the pharmaceutical procurement strategy http://www.wbresearch.com/procureconpharma/home.aspx of your organization, it makes perfect sense to visit the most professional procurement conferences in the industry. Make sure to visit the website given here for complete guidance on finding the best conference on pharmaceutical procurement methods http://www.wbresearch.com/procureconpharma/dayone.aspx .