Astonishingly so, 24 out of 25 of the world’s largest biotech/pharma companies have hubs in Ireland. That doesn’t include the tons of other smaller players and start-ups in the industry who are there as well. As mentioned in our Ireland’s Upcoming Claim to Fame Goes Beyond Guinness Post, Ireland has transformed itself to become the new breeding ground for this industry.
Many global raw material suppliers and other partners have years of experience in the industry and have launched and supported companies in new or developing markets; Ireland is no exception. Leveraging this kind of expertise can be key to the short-term and long-term success of a business. Here are 6 ways to leverage a supply chain partner in Ireland:
Working with industry experts: Whether you are new or familiar with the Irish market, there is still value in working with industry experts, especially when they have global knowledge. They can help with all aspects of the supply chain process and that you are conducting business appropriately.
Focusing on the overall strategy: There are several details when conducting business in another Ireland. Some of it is strategic, while other parts are tactical. The tactical part of your supply chain can easily over cloud your overall strategy. In order to really focus on executing your overall strategy, leveraging a supply chain partner in Ireland can help you focus on the strategic tasks.
Guaranteeing security & quality: Leveraging a supply chain partner in Ireland can give you the security and quality in your supply chain that is vital to the core of your operations. This will allow you to have visibility and transparency throughout each part of your workflow by having access to documentation, inventory levels, lead times, product details, etc.
Managing costs and increasing productivity: CAPEX costs can be high when looking at operating facilities with high quality standards. Outsourcing your supply chain to a partner that has state of the art cGMP warehouse space and other services, can save you more money than you can think of because you don’t have to worry about costs associated with building or maintaining.
Tapping into additional value added services: When you start working with a supply chain partner there are key services they can offer that can help you increase productivity and visibility. You might already be feeling resource constraints; however these services can help with that by adapting to your workflow and operations. Services can range in complexity, which include sampling, cold storage, documentation, polypalletization, etc. The cost of handling these services on your end can be inefficient and can add up from a monetary perspective.
Meeting process demand: Product demand and on time delivery is crucial to your operations. So many times long lead times or inaccurate delivery schedules can leave you stressed and in a bind. The result of this even force you into shutdown mode, which can cause serious impacts. To avoid this, a supply chain partner can help you throughout your entire workflow and operations.