Emerging Life Sciences & Biotech Procurement
Emerging life sciences & biotech companies are hard at work fulfilling their missions to improve and extend life for the patients they serve. Yet, most struggle with absent or ineffective procurement processes, knowledge and tools to support the organization so scientists can focus on the work that matters most.
Procurement is often formally non-existent or in very early stages of its function maturity. ExcelServe has partnered with many organizations in this space to enable critically needed capabilities and establish a foundation for Procurement that supports the fast-growing and scaling efforts, and more importantly allowing these companies to maximize their focus on their life-changing work.
Imperative foundation to achieve your mission.
Our Procurement Transformation Services
Function Strategy
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Procurement value executive briefings
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Procurement value proposition articulation
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Procurement strategy development
Spend & Opportunity Assessment
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Rapid spend analysis
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Spend classification taxonomy development
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Sourcing savings opportunity assessment
Source-to-Pay Optimization
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End-to-end sourcing, contracting and purchase-to-pay (P2P) process evaluation
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Future state process design and transformation
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Establishment of strategic sourcing process
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Policy review, design and rollout support
Technology Enablement
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Technology strategy and roadmap development
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Internal technology education to align efforts with needs
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Business requirements and use case development
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Technology evaluation & selection
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Technology implementation
We understand your challenges
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No real procurement function exists
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Procurement is a “team of one”
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Common supply needs exist across business groups
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Under-leveraged negotiation with suppliers
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Ineffective purchase-to-pay process
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Frequent expedited buying
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Lack of strategic supplier partnerships
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Procurement leads have predominantly finance & accounting backgrounds
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Easy-to-use procurement tools are absent to streamline the buy-pay process
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R&D teams are fielding supplier inquiries on orders and payments
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Organization doesn't really understand the value of proper Procurement involvement
Our tailored solutions deliver real value
Gain executive & organizational buy-in
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Understand value from the eyes of the stakeholder to architect purposeful procurement capabilities
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Articulate a clear value proposition for procurement around stakeholder value goals
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“Sell” the value of procurement and gain critical support to operationalize function roadmap
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Build a right-sized strategy
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A fit-for-purpose strategy that accelerates value generation
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Processes that model best practices but fit your environment
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Solutions that improve buying experience and eliminate manual processes
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Free up critical R&D time
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Reduce time spent by lab scientists and R&D teams on procurement activities
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Eliminate need for suppliers to bother R&D teams for order and invoice inquiries
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Enable easy-to-use buying and access to right products from right suppliers
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Harness your procurement foundation
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Institute operational procurement excellence
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Train resources on best-practice modeled processes
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Establish effective policies that balance flexibility with desired behaviors
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Streamline disparate manual processes and optimize procurement execution
Make a real bottom-line impact
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Maximize cost savings and consolidate buying to preferred suppliers
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Enhance service, quality and overall value from supplier relationships
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Leverage cost savings to fuel other vital function investments
Digitally enable your procurement rigor
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Drastically improved buying experience for end users and procurement
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Improved visibility of spend, orders, invoices and better self-service capabilities for supplier inquiries
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Self-guided buying to capitalize on negotiated prices and preferred suppliers
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Seamless integrations with ERP and other systems to plug into existing financial tools
