Security of supply in genomics
Mitigating exposure to adverse supply events in the genomics and diagnostics business
Mike Cooper: progressing science, improving healthcare
Mike talks about continuous improvements in our supply chain and manufacturing standards to deliver a better, more sustainable service to our diagnostics customers.
WEBINAR: Mitigating risks and optimizing security of supply in diagnostics
Find out how a data-led approach supports the development and implementation of measures to maintain supply levels and meet the expectations of diagnostics customers even in uncertain times. The webinar also highlights some of the workflow considerations that can help customers reduce supply risks.Watch here
The elevation of supply chain security
We are a link in your supply chain, key to your ability to maintain manufacturing consistency, meet quality standards, and comply with regulatory requirements. That’s why we work every day to strengthen every link in our supply chain, continuously improving our security of supply. We are guided by long-term, robust strategies that reduce supply chain risk, manage supply chain efficiency and transparency, and minimize raw material variability.
Our commitment to security of supply
Here are the key activities we have implemented to mitigate levels of risk in the supply chain:
- A rigorous vendor identification and qualification process for raw materials suppliers.
- Multi-sourcing and multi-manufacturing options for high risk items and key raw materials.
- Open communication and a clear change notification process with suppliers as well as customers.
- Ongoing auditing, buying strategy assessment, testing, and verification of incoming goods.
- Regular risk reviews by the sourcing team, enabling proactive steps to avoid supply issues.
- Strict quality and supply agreements, reviewed periodically.
- Increased raw material safety stock.
What impact can supply disruptions have on meeting deadlines, releasing products to market and ultimately patient care? Learn about the measures that biopharma companies are putting in place to ensure consistent supply, including:
- expanding manufacturing capacity
- introducing multiple sources
- transferring and modernizing manufacture
- working with raw material suppliers who have multiple manufacturing sites to mitigate risks of supply interruptions
Questions to ask your supplier
When security of supply is critical to the success of your business, suppliers must be rigorously qualified. Three key security of supply aspects to explore with potential suppliers are supply chain sustainability, business continuity and communications.
Consider asking the following questions to understand the levels of risk:
- What is your change control policy?
- In what ways do you minimize risk for key raw materials used to manufacture your products?
- Do you have dual suppliers for raw materials?
- Do you have a strategic reserve to be used only in case of emergencies?
- Do you offer the option of maintaining safety stock that is dedicated for our use?
- What in-house expertise does your company have to support security of supply and keep customers informed?
- Where can I access regulatory support for your products?
Change control notification
At times, it is necessary to make changes to product manufacture. These might be improvements to our manufacturing processes, changes to raw materials or specification adjustments. All changes are controlled, reviewed and assessed by experts prior to implementation.
Depending on the change impact assessment, changes may be communicated to customers as standard practice. The level of change notifications can be adapted to meet the needs of each customer.Contact us to find out more