Pharmaceutical sector
The Pharmaceutical sector is by no means immune to the global financial crisis and, as many others, is enduring the downturn while dramatically adjusting its plans and growth forecasts.
In Indra's view, patent expiration and increased regulatory pressure from governments constitute the main challenges faced by the Pharmaceutical industry today. Against that backdrop, Pharmaceutical companies are implementing cost-reduction strategies with a trickle-down effect in all value chain areas, along with their expansion in emerging countries. Furthermore, there seems to be a growing industry trend to move away from high-volume, broad-adoption drugs and into a new operating model, one of personalized medicine. Permanently attentive to industry trends, Indra has become one of the main facilitators of such transformation, leveraging its vast experience in delivering industry-specific solutions and process optimization, as well as its extensive IT implementation track record in the pharmaceutical sector.
Even though R&D + I levels still define the industry leaders, Indra also addresses other issues such as regulatory framework compliance, value chain optimization, market excellence pursuit, and the optimal management of organizational complexity.
Indra, through its value-added services and proven expertise, can help address the following current and near-future challenges in the Pharmaceutical industry:
- R & D productivity management.
- Reputation management.
- Pricing pressures and declining margins.
- Regulatory compliance management.
- Intellectual property protection.
- Generic drugs competition analysis.
- Growth sustainability in global markets.
- Sales force performance and structure optimization.
- Value assessment for strategic alliances, joint ventures and corporate arrangements.
- As for Human Resources, definition of Talent attraction and retention plans.
- Operating costs management and control.
In light of the foregoing, we ask ourselves: what sort of value can Indra's consulting and IT services deliver to the industry?
- First and foremost, the adoption of new technologies will help pharmaceutical companies adapt to the existing and upcoming industry trends.
- As an example, Supply chain management solutions allow business processes improvement and optimization.
- Moreover, we can offer the knowledge and technology underlying a real-time data management infrastructure, which provides the accuracy, traceability, safety and data timeliness required for decision-making and results in a rapid investment return.
- Along those lines, we may leverage the IT systems upgrade and modernization message to provide value-added services to partners and customers, helping them become more efficient and competitive in the marketplace.
- The high service level and quality offered in compliance with very stringent quality standards
- Offering solutions in the following areas:
- Inventory and purchasing management
- Peak-period and high-volume demand management
- Efficient and flexible billing
- Regulations and standards compliance
- Adoption of good business practices in Distribution Management
- Streamlining of information flows with business partners, customers and suppliers
- Flexibility to support changes or business growth
- Clear ROI analysis for the solutions provided
