Procurement guru Professor Andrew Cox says it straight on pharma outsourcing
...and he didn't pull his punches.
Pharma outsourcing in question?
I bang on quite a bit about how much damage pharma’s excursion into outsourcing has done to the industry. If you don’t quite believe it, hear from Professor Andrew Cox on the subject
The professor is world renowned in strategic procurement and outsourcing practices and in my estimation is the only academic who truly understands the nature of the business of procuring goods and services from third parties. He is in great demand across all industrial sectors and has kindly offered his views for a couple of my books.
Here is a Q&A we had a few years ago now:
Q&A with Professor Andrew Cox
Q. Is Big Pharma alone in adopting less-than-optimal practices in outsourcing?
A. Many industries have extensive experience of less-than-optimal make versus buy decision-making and outsourcing, and the major pharmaceutical companies are no different in this respect. Most poor practice arises from low levels of professional competence and a lack of rigorous and robust make vers…