Medicine maker Eva sure knows how to grill her suppliers to get a better picture of the entire supply chain. Here’s why you should do the same.
Oh yes, Gene should just trust Eva on this one. No one wants to gamble on the safety, efficiency, or availability of a biopharmaceutical. And to meet these needs you need to know how to evaluate security of supply frameworks and where to engage with suppliers to ensure solutions line up with your business needs. In the end, if they can’t deliver, you can’t deliver.
So, what to do? Well, the ongoing globalization of supply chains means mitigating risk is more critical than ever. Staying close to your suppliers is a great way to do this. With a close collaboration you can better map out the supply chain and identify weaknesses and potential risks in order to address them.
A tip is to keep an eye out for suppliers with a structured, risk-based approach to security of supply. Curious on how to evaluate security of supply frameworks? Or do you want to know where to engage with suppliers to ensure solutions line up with your business needs? The article ‘Supply uninterrupted’ offers a list of key questions to ask when evaluating consumables suppliers.