Globalization, price pressures, payer restrictions and emerging markets makes it imperative for pharmaceutical companies
to maintain a competitive edge in the industry. To address the complex business challenges, pharmaceutical
businesses should take a proactive approach towards compliance while responding to market dynamics.
PRM360 offers a complete suite of procurement and strategic sourcing solutions that can help pharmaceutical
businesses capitalize on opportunities in purchasing and supply chain operations. Our solutions improve
visibility and control over the processes while addressing the key challenges faced by the pharmaceutical
industry. PRM360 features robust capabilities that can help pharmaceutical companies effectively
manage the supply chain activities end-to-end:
Spend Analytics can help you gain control over indirect cost categories such as marketing,
MRO and R &D to understand average cost per molecule and to manage the global income
eSourcing tools can help discover offshoring and outsourcing opportunities, gain oversight
of suppliers and facilitates cross-functional operations.
Contract Management services can drive collaboration in contracting while allowing for
improved data security, system access, and compliance across multiple and diverse
Supplier Management solutions can manage portfolios of supplier alliances and helps achieve
cross-functional supplier management while enforcing security checks against third-party
codes of conduct.
Financial Management can address procurement challenges from top-to-bottom level and
effectively manages increasing costs, downward pressures associated with the pharmaceutical