How To Successfully Manage Your Suppliers And Ensure Product Safety And Compliance

Companies achieve efficiency and reduce operating costs, but they sometimes risk product safety and regulatory compliance when they fail to properly manage suppliers, contract research organizations (CROs), and contract manufacturing organizations (CMOs). In the pharmaceutical industry, the vulnerability of sponsors has come to light recently when contaminated heparin from a Chinese supplier caused patient deaths. Outside of the life sciences sector, the auto industry has seen numerous problems with faulty parts coming from foreign suppliers.