The modern asset-light business model isn’t simply a trend. Organizations are becoming more and more reliant on an ever-widening range of geographically dispersed contractors, partners, vendors and business units. It’s become a practical necessity for companies of all sizes.
This movement has been particularly prevalent and shows no signs of slowing down in the life sciences, where more than 90% of organizations plan to expand their use of contract manufacturing organizations (CMOs), contract packaging organizations (CPOs) and contract development manufacturing organizations (CDMOs) over the next three years, according to Accenture’s market study. (1)
Examine How Outsourcing Impacts Quality
While outsourcing has become an increasingly cost-effective means of operating in the life sciences and many other business sectors, it is not without its challenges. As a company’s network of contractors and/or business unit locations grows, so do the subsequent complexities of keeping the various entities on the same page. Maintaining harmonized and consistent practices and protocols among the various sites in the ecosystem poses monumental challenges, chief among them being the difficulty of aligning quality across multiple sites.
If your organization’s ecosystem of contractors is expanding, the following quality challenges may sound familiar:
As companies’ networks grow, they must come to terms with two truths that quality professionals have always understood:
Learn How Your Expanding Network Can Harmonize Quality
In a webinar on July 15 at noon Eastern time, MasterControl Executive Vice President of Product Matt Lowe will explore the quality challenges posed by flourishing business ecosystems. The exclusive MasterControl webinar, titled “The New Ecosystem Dynamics: Digitization as a Driver of Global Quality Alignment and Innovation,” will provide tips on how your organization can standardize and unify quality activities and examine the critical factors involved in extending a quality management system (QMS) enterprise-wide.
Lowe will be joined by Matthew Seitz-Paquette, North America quality specialist at Fagron, a global leader in personalized medicine and pharmaceutical compounding, who will discuss some real-world QMS applications based on his company’s experiences. Seitz-Paquette will underscore the power of QMS extensibility by relating how Fagron has leveraged digital tools to align quality processes between multiple global sites, improve right-first-time metrics and streamline its training and compliance processes.
Seitz-Paquette and Lowe will cover the many ways advanced technology platforms can help companies expand quality’s footprint while also enhancing their control over operations and data. They’ll also itemize the eight hallmarks of an effective QMS that attendees can apply when assessing their existing quality systems or use as a barometer when evaluating the digital QMS solutions available on the market.
The presenters will share their quality experiences and knowledge about the advantages beyond alignment that can be realized by effectively connecting quality data and processes via robust platforms, such as:
For a sneak peek into some of the topics that will be covered in the presentation, download MasterControl’s “Ultimate Guide to Connected Quality Data” e-book and learn about the many benefits of connecting quality data across the product life cycle.