CONSULTING SERVICES FOR THE LIFE SCIENCES SECTOR
Avasant understands the life sciences industry landscape in which organizations must comply with complex regulations around the world. Our life science consulting services address all segments of the life sciences industry, including biotech companies, pharmaceutical drug makers, medical device manufacturers and other life sciences firms.
Biotech/Pharma: Biotech and pharmaceutical companies operate in a highly regulated environment which requires focus on research & development, and large scale production.
Medical Devices: Our life sciences consulting services for digital transformation and business and IT outsourcing enable medical device makers to achieve their objectives of innovation as well as efficient operations.
DIGITAL TRANSFORMATION AND STRATEGIC SOURCING FOR LIFE SCIENCES
Our life sciences consultants offer a variety of management consulting services for biotech, pharma, medical device, and other life science companies. Our strategic sourcing consulting services helps clients in identify and qualify technology vendors and service providers for IT outsourcing as well as business process outsourcing services. These include outsourcing of processes such as clinical trial management, customer service, and finance and accounting. We provide life science consulting services across the entire sourcing lifecycle from strategy, RFP and negotiation, legal contracts, implementation, and transition management.
Our life science industry consultants are also highly skilled in digital transformation. We provide a broad range of business transformation consulting services, from developing a digital strategy to assessing readiness for digital transformation initiatives to selecting and implementing platforms and tools to carry out the transformation. Our services include transformation of the customer experience as well as establishing a digital operating model that integrates technology modernization, enterprise transformation, and digital strategy throughout the life sciences supply chain.
Our support does not stop with transition management. Many of our clients also engage us beyond sourcing transactions, solution implementation, or digital transformation initiatives, retaining us in ongoing governance of supplier relationships. This includes managed governance services to manage IT and BPO service provider contracts, manage vendor performance, and maintain financial controls to ensure that the value of the relationship is realized. These life sciences consulting services are enhanced by our vendor management as a service (VMaaS) offering, including our Avasense™ SaaS platform.
“Avasant has done a great job in helping Allergan develop a comprehensive strategy for our Global Application Development and Support Team. The strategy had many components that will lead us to becoming a best practice organization…We are very satisfied with the Avasant RFP process, our vendor selection and are looking forward to achieving 35% savings by year 2.”
LIFE SCIENCES CLIENT CASE STUDY
An ever–growing global pharmaceutical leader specializing in eye care, neuroscience and medical aesthetics sought to develop and implement an Application Data Management (ADM) Sourcing Strategy across its global operations to achieve cost savings and address its evolving business needs. Avasant identified our client’s business and technical requirements, against a backdrop of maintaining safety and quality of operations. We developed RFP bid packages and provided transition advisory support to our client, and developed a governance structure and pricing methodology. Through adoption of Avasant’s recommended sourcing strategy, our client benefitted from 35% cost savings, without compromising adherence to industry best practices.