October 29, 2006
Now, Pharm Offshore
Executives across industries are now exploring ways of tapping their offshore workforce to generate additional revenue, improve core business processes, and offer more value to customers. While pharmaceutical companies came late to offshoring, they are making up for this delay by moving quickly to capture gains beyond labor cost savings in back-office operations. Mckinseyquarterly.com reports:
Most of the industry, however, has been more cautious. Some pharma companies are outsourcing selected functions (such as certain IT activities) only for cost savings rather than looking more broadly at the development of new processes that would improve business productivity or generate revenues.
Read more: Pharma leaps offshore
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