Article | January 6, 2014

Supplier Audits Or Bust: Six Keys To Pharma Audit Success

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life science stock audit check

Supply chain integrity is necessary to a pharmaceutical company’s success. When dealing with a multitude of suppliers spanning several geographies, manufacturing issues can arise if proper protocols are not in place. Specific challenges include product purity, regulatory compliance, safety, cost containment and quality assurance.

Audit processes are an integral component of supply chain management. Conducting an effective audit empowers pharmaceutical companies and their suppliers to raise performance levels and strengthen relationships while improving patient-care quality. The mutual benefits of a successful audit include:

  • Supply chain continuity and reliability;
  • Cost reductions;
  • Improved risk management;
  • Global visibility; and,
  • Enhanced customer satisfaction.
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