Mastering Your Vendor Database: The Key to Sound Vendor Oversight & Performance Management

Please, Give Me a Vendor Database That Works!

Biopharmaceutical companies and the CROs have been struggling with achieving greater visibility in their clinical vendor portfolios and the challenges are only getting bigger, impacting compliance to vendor oversight regulations and heightening vendor portfolio risks. The intense M&A and rebranding activity in the clinical marketplace, the emergence of new e-clinical service categories and the shrinking of the dedicated vendor management resource pool have further compounded the pain points, and the need for sustainable solutions. In the age of tech-enabled procurement, the time has come to replace the notorious Excel “vendor tracker” with a central hub for vendor performance management and bring visibility and oversight compliance to clinical trial management.