E-Procurement For Pharmas and Biotechs

Build stronger and faster suppliers relationships

Sourcing strategies and transactional procurement for pharmaceutical industries

Some of the leading pharmaceutical organizations use Sourcing Force to automate processes and speed up productivity. Our comprehensive analytics solutions empower your teams and increase your profit in a dramatic way. We help you focus on what is the most important for pharmaceutical companies so you can drive efficiency at all times.

Sourcing Force transforms your purchasing processes

360°

Team members have direct access to the platform and get a 360° view into resources, suppliers and spend

1 000

Over a thousand users including pharmaceutical companies have chosen us to digitize their processes

30%

That’s how much you can save by choosing our e-procurement suite for your Pharma or Biotech organization

«  Our procurement modules have been developed and customized with Sourcing Force through a really effective collaboration. The new system allows us to drive more value and achieve our goals faster. We have been using it on a daily basis ever since. »

Procurement Manager
Roche Laboratory

Procurement made easy

“You can’t manage what you can’t measure”. Pharma and Biotech companies need ultimate responsiveness at all times, especially when it comes to procurement. Sourcing Force helps them map out their entire purchasing workflow and improves transparency between their network of suppliers, hospitals and laboratories as they grow.

Learn more about how Sourcing Force simplifies processes for the pharmaceutical industry

Source-to-Pay Automation

Building a successful SRM strategy goes beyond choosing the right technology, you need the right plan as well. One of the current challenges for Pharmas is to drive meaningful value out of their massive amount of data. Sourcing Force gives them the ability to create 100% tailored dashboards based on key metrics, so they constantly remain up to date with their ecosystem, turning numbers into opportunities.

Learn how pharmaceutical organizations use our Strategic Sourcing tools

Achieve Procurement Strategies

Simplify your workflow

Sourcing Force combines multiple tool into one and allows your company to reduce paperwork and streamline your contract processes

Eliminate human error

Enter data manually like invoices, PO’s or deliveries can be a nightmare and turn into a potential mess. Without any automation tool, each purchase may go through several manual processes and you might easily lose track of some key data eventually. Sourcing Force helps your business organize and build well-defined automated workflows 

Rationalize decision-making

Achieve much of the decision-making workflow with almost no effort. Sourcing Force brings your procurement strategy transparency, procurement managers know exactly who placed a request and what vendor is providing the resources.  

Achieve cost savings

Sourcing Force’s automation tools improve processing time and considerably minimize errors to help your organization save money and increase productivity. For instance, you will be able to avoid payment delays that could lead your company to interrupt workflows and ensure that all of your payment are processed on time using Sourcing Force

 

Collaborate with suppliers

Collaborate closely with your suppliers and create more value for your company. Sourcing Force collect data  through a SPM solution that can help your business provide suppliers with an idea of what is important to your organization. 

Why is SRM so important for Pharma Industries ?

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Latest Procurement Insights

Example of Spend Data Classification

The amount of detail in spend data differs between companies. What is a critical field to one industry may not matter to another. As our team builds classification rules, we look at any and all fields that contain useful information.   Typical fields we may see...

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How Do You Define and Measure Accuracy in Spend Analysis?

A lot of spend analysis vendors use percentages when describing spend analysis and their capabilities. “Classified to >85% accuracy.” “Cleansed at 95% accuracy.” Or “Classified close to 100% accuracy.”   At Sourcing Force we also use percentages to validate...

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What is Supplier Normalization in Spend Analysis?

This blog post focuses specifically on supplier normalization.   What is Supplier Normalization? Supplier normalization is the process of taking supplier names with multiple spellings, mis-spellings, abbreviations, etc. and normalizing them (cleaning them up so...

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