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Industries Pharmaceuticals & Biotech

Strategic Sourcing For Pharmaceuticals

K2 Sourcing helps accelerate savings, mitigate risk, and improve sustainability with our strategic sourcing for Pharmaceuticals, Biotech, and Life Sciences. Call today!

A Unique Strategic Approach

To improve profitability, grow, and provide great patient outcomes, pharmaceutical, life-sciences, and biotech companies are increasingly turning to TechOps to deliver effective strategic sourcing solutions. The goal is to produce valuable supplier relationships and sustainable savings while driving innovative rapid product development that results in the delivery of affordable highly effective treatments.  

Immediate Access to Top-Notch Talent and Resources

Pharma companies are facing inflation, disruption, budget scrutiny, added compliance, Build in America subsidies, and more. Additionally, it can be difficult to change initially selected suppliers. However, a high-performing strategic sourcing program, augmented by strategic sourcing applications, typically generates 10% to 20% savings and addresses many business challenges.

30-Day Cancellation Clause

By providing a unique integrated human resource and technology strategic sourcing solution, K2 Sourcing has helped numerous Pharma, Biotech, and life-sciences companies, improve margins, cash, and performance.

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This experience qualifies K2 Sourcing to provide:

Lists of global suppliers across direct and indirect goods and professional services
Hundreds of RFP templates that capture total cost, ESG, and service variables
Stakeholder interview checklists ensure the right information is gathered
A successful repeatable transparent RFP process
Specialized commodity teams formed of advisors, project managers, and analysts
An RFP application that makes the strategic sourcing process easier and more effective
A measurable process that clearly proves outcomes

By leveraging K2 Sourcing as a team member, Pharma companies expand their resources and:

Improve savings generated by 5% to 25%
Fill the procurement team resource and experience gaps
Accelerate generation and realization of savings
Gain global sourcing access with local support in 14 countries
Find the suppliers that can best support your business objectives
Introduce the company to huge pools of potential suppliers
Shrink RFP review cycles by as much as 50%
Mitigate supply risk using the right award strategies
Understand supplier ESG
Access market intelligence
Benchmark with your peers
Launch new products faster
Reduce operating costs
Promote a cost-conscious and value driven culture
Increase innovation
Utilize best practices such as eprocurement and esourcing
Reduce pesky time-consuming introductory sales calls
Increase team morale
Allow leaders to react rapidly to changing resource needs

K2 Sourcing has helped numerous Pharma, Biotech, and life-sciences companies, improve margins, cash, and performance.

K2 Sourcing has helped numerous Pharma, Biotech, and life-sciences companies, improve margins, cash, and performance. Our strategic sourcing teams have helped review billions of dollars across several hundred categories resulting in cost savings of over $600 million. Some of these categories include:

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Some of these categories include:

Operations and Compliance

Transparency reporting, medical information management software, CRO full service, home health, central labs, eCOA, EDC, and more.

Indirect Procurement

Managed defense and remediation, legal, auditing, background checks, equipment, laboratory consumables, travel and TCM, autolease, CRM, utilities, MRO, facilities, telecom and networking, office supplies, IT consumables, call centers, security, devices, promotional items, tradeshow, conferencing, computer equipment, and more.


Full truckload, less than truckload, ocean full container, ocean less than container load, airfreight, parcel, intermodal, rail, 3PL fulfillment, reverse logistics, pool distribution, final mile, and dedicated.

Why K2 Sourcing?

Amplify Sourcing’s Impact from Day One

By leveraging K2 Sourcing as a team member, pharmaceutical companies are able expand their resources to reduce spend, mitigate risk, improve sustainability, and attain goals faster.

An Integrated Human and Technology Strategic Sourcing Solution

Hiring additional team members across so many categories and getting them up to speed is expensive, time consuming, laden with risk, and takes months. There are other agencies that supply procurement consulting solutions. K2 Sourcing offers an integrated human and technology strategic sourcing solution that provides an unparalleled value.

30-Day Cancellation Clause

With a 30-day cancellation clause, there is minimal risk to access the accumulated experience from K2 Sourcing team members having run several thousand strategic sourcing engagements.

Immediate Access to Top-Notch Talent and Resources

Be it upgrading facilities or outsourcing, reshoring, consolidating suppliers, or leveraging contract manufacturing, utilizing K2 Sourcing provides immediate access to top-notch talent, resources in 14 countries, our award-winning RFP and reverse auction technology and templates, global supplier lists, and world class strategic sourcing processes.

Reaching Procurement Goals Made Easy

As pharmaceutical, life-sciences, and biotech company procurement teams are challenged to produce greater value and fight inflation, make it easier for the team to reach their procurement goals. Explore supplementing your team with K2 Sourcing today. 

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Have a Question?

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+1 (877) 824-9809