Toronto, Canada (PRWEB) September 18, 2012
Many marketed products bring in a large portion of revenue for a company, but are not necessarily drivers of growth. As organizations explore new ways to do more with less, the ongoing costs of regulatory and safety activities needed to keep products on the market globally are becoming a prime target, especially given the significant infrastructure and human resource costs for those activities. This webinar will help you understand how to increase efficiency, optimize decision making and ultimately improve profitability for maintaining your marketed products.
With pipelines diminishing and the cost of bringing products to market rising, operational departments (especially Regulatory and Safety) are under more pressure than ever to reduce costs and increase value. Additionally, new upcoming changes to international regulations and obligations are likely to lead to further escalating costs. In order to thrive (rather than just survive) in this new environment, companies must adopt more strategic approaches to product maintenance by introducing repeatable processes that are cost effective, adaptable to future changes and operationally effective. Developing scalable solutions for decreasing the long-term operational burden for multiple products in your portfolio can have a significant impact on the bottom line.
Some approaches we will cover include:
- Core/Non-core Assessments (identification of activities that are critical to keep in-house, versus those that can be outsourced)
- Sourcing Strategies (decision criteria for determining what to outsource and how best to outsource effectively to achieve desired cost reductions or other key goals)
- Process and organizational optimization (development of repeatable processes or organization structures that improve efficiencies and reduce costs)
- Metrics and IT-enabled dashboards (identification of what to measure to make more informed decisions, as well as visualization tools to improve access to critical data)
Understanding these approaches will enable you to better explore your options, determine what akes the most sense for your product portfolio, and help you make smarter decisions about optimizing your business and improving profitability.
For more information or to register go to http://xtks.in/xto-511
Xtalks, powered by Honeycomb Worldwide Inc., is a leading provider of educational webinars to the global Life Sciences community. Every year thousands of industry practitioners turn to Xtalks for access to quality content. Xtalks helps Life Science professionals stay current with industry developments, trends and regulations. Xtalks webinars also provide perspectives on key issues from top industry thought leaders and service providers.
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Karen Lim (416) 977-6555 ext 227