Life Science

Life Sciences are heavily regulated to make sure customers or patients have no negative side effects and are protected. This results in large amounts of tests to be performed, legal documents to complete and complex supply chains.

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Life Science characteristics

Laws

Laws and regulation

Life Sciences is heavily regulated. From first tests to final go to market produces many tests, documents and takes a long time. To make sure the investment pays off, a good understanding of this market is key as well as a stragetic approach to planning.

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Complex supply chains

Different components are sourced from different suppliers (from active product ingredients to packaging). Transparency in your full supply chain is a must as well as quality assurance stage gates. Faults can be lethal and costly.

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High costs of R&D

From the start of an idea to a full (commercialised) product is a lenghty process with many bumps in the road. You want to make sure that the costs involved will be earned back later. Full insight in costs in every step of this process is necessary to make the right decisions.

How we can help

Strategic

Strategic planning

Strategic planning helps to map out a plan for the organisation. If profit is not to be expected in the early days of a new product, a clear strategy keeps everyone on track and focused on the end goal: a profitable product and market.

Clear visibility

Clear visibility and reporting

Create metrics to measure progress and set clear thresholds for automatic alerting when thresholds are reached. Frequent updates of the metrics to keep a close watch on progress.

Decisions

Stage gate decision making

When investing huge amounts of money and no clear visibilty in the outcome, stage gates need to be build into your planning & decision making process. Based on defined criteria, each stage gate should produce a clear Go or No Go decision.

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