Matthew Littlefield, President & Principal Analyst, LNS Research
This article is part 2 of a 2-part supplier quality management series. The first article can be found here.
As was stated in the last blog post of this series, challenges to life sciences organizations are substantial, and poised to grow as time moves on. From one direction, life sciences companies are facing stiff competition within industry, which is putting pressures on speed of delivery and quality expectations. From another direction, the industry is battling with the tightening grip of government regulations, which is demanding higher proof of documentation and specification, with increased (and potentially devastating) penalties for noncompliance. Moreover, the industry itself, in large part as a response to these pressures, is rapidly transitioning to a distributed model of production to improve efficiencies across the product development lifecycle. (more…)