February 17, 2022
Live Webinar - The cost of quality in the supply chain - How will service level affect your organisation's financial well-being?
A discussion on the financial impact of quality management on your supply chain
Quality assurance provides confidence that quality requirements will be fulfilled. This benefits an organisation both internally and externally with increased productivity, regulatory compliance, reduced wastage, and reducing risks of costs as a result of service failure.
In pharmaceuticals, the cost at stake is much higher. Not only is it far more difficult to determine the solution to the problem following a quality lapse — namely the decision to administer, reengineer or remanufacture the drug in question, but due to the numbers of stakeholders and processes involved, numerous additional costs accrue along the way.
Consider these statistics in 2019:
The biopharma industry lost approximately $35 billion annually as a result of failures in temperature-controlled logistics, according to IQVIA Institute for Human Data Science. This figure includes
- lost product
- clinical trial loss and replacement costs
- wasted logistics costs
- costs of root-cause analysis
Register here
In this webinar, Kathy Goh, Product Manager, Commercial Supply Chain APAC will illustrate using an interactive calculator, how a higher service level and quality can translate to reduced costs incurred due to temperature excursions.
Date: 17 February 2022
Time: 11:00 IN/ 13:30 SG,CN/ 14:30 JP,KR / 15:30 AEST/
Speakers + Panelists