Procurement Reimagined: Transforming Pharma through Authentic Collaboration
We help small and medium-sized pharmaceutical and biotech companies who are facing:
Increasing costs
Squeezed profits
Supplier disruption
to achieve a typical saving of 8% on supplier spend and a 64% improvement in on-time delivery rates from their key suppliers within six months.
Our Process
Assessment
We begin with a 1–2 day, onsite deep-dive into your current procurement practices, supplier relationships, and performance data. This step helps identify critical gaps, risks, and opportunities.
Roadmap
Based on our assessment, we develop a customised 4–6 month procurement roadmap. This strategic plan outlines clear priorities, cost-saving targets, and improvement areas.
Review
The engagement concludes with a detailed performance review and practical recommendations. We highlight the results achieved and outline next steps for continued impact.
Execution
We lead the hands-on implementation of the roadmap including spend analysis, supplier selection, risk management, relationship development, and system enhancements.
Why choose Collaborative Sourcing?
Our clients typically achieve a 13x return on investment when working with us as a result of our:
Proven, signature processes and methodologies
Data-driven decision-making
Industry-specific expertise
A Multi-Million Dollar Turnaround: A Recent Case Study
April 2025
Through a recent partnership with Collaborative Sourcing, our client was able to achieve:
Cost Reductions: We mitigated $750,000 in immediate costs and identified $1.5 million in potential annual savings through alternative sourcing.
Efficient Supplier Transition: We reduced supplier qualification costs to just $70,000 and accelerated the onboarding timeline to under 12 months.
Strengthened Supply Chain and Strategic Partnerships: We diversified supply sources to enhance resilience and initiated a long-term partnership with a more reliable, innovative API supplier.
Featured Blog Posts
“Collaborative Sourcing have become strategic thought-partners for my team. They bring a depth of industry knowledge but most importantly take the time to understand our business needs, resulting in tailored solutions and workshops that directly will impact how we do business with suppliers.”
Vice President of Sourcing
Pharmaceutical Sourcing Services Company
