Understanding the Pharmaceutical Supply Chain in China Risks, Rewards, Solutions
Instructor:
Richard Gaeto
Product ID: 701062
- Duration: 60 Min
With the pressure on pharmaceutical companies to reduce cost and expand their markets there has been an ever increasing focus on outsourcing non core competencies to China. This effort has led companies in becoming more global in nature and allows them to become closer to their markets. The perceived benefits of outsourcing, reduced costs, increased profits, shorter cycle times and a focus on core competencies has been overshadowed by inconsistent regulatory standards, defaulting in enforcing quality programs and a lack of supply chain oversight. This program will examine the benefits of outsourcing in China along with the risks and review possible solutions needed to enhance supply chain security while consistently delivering safe products to the consumer/patient.
Areas Covered in the seminar:
- Current Environment of outsourcing in China. A look at actual product issues relating to recalls counterfeit product and product substitution.
- Why China and why outsourcing? A review of the parameters used to justify outsourcing your operations.
- A Review of the regulatory, quality, safety and oversight shortcomings that impact successful operations in China.
- A look at the various technical, regulatory and logistical solutions.
- A strategic Sourcing & Supply Chain Security solution needed for your success.
Who will benefit:
- Manufacturing
- Technical Operations
- Quality Assurance
- Supply Chain Personnel
- Transportation & Logistics
- Regulatory
Richard Gaeto, Newcastle Strategic Partners provides integrated supply chain solutions to the Life Science Industry. Newcastle Strategic Partners has extensive Bio-Pharmaceutical and Medical Device experience in all aspects of the Supply Chain including strategy development and implementation, process improvement, systems integration, distribution, 3rd party logistics and more. Richard Gaeto, President of Newcastle Strategic Partners has worked with several of the leading biotechnology companies throughout his career leading Supply Chain Strategies for such companies as Centocor, Immunex, Amgen, Dendreon and ZymoGenetics. The work done for these companies included Formal Cost Reduction Programs, Cold Chain Management, Strategic Sourcing Initiatives, Product Launch Strategies, Brand Protection Programs, Distribution Programs, Packaging Initiatives, Channel Management and Global Transportation Strategies.
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