SoCalBio Networking Forum

Contract Manufacturing Benchmarks and Best Practices

In today's challenging business environment, many device or pharma companies may resort to contract design and manufacturing on the hope that such strategy allows them to focus on core competencies while enjoying the added benefits of lower costs, flexibility, access to external expertise and reduced capital. But organizations need to take a strategic approach to contract-manufacturing relationships because, even with solid assumptions, it may be a struggle to achieve the hoped-for benefits. This is primarily due to the difficulty in managing complex relationships, particularly by small and mid-size companies. Learn how businesses can do this by rigorously assessing when and why to use contract manufacturers, setting the appropriate working model and developing an effective organization.

Karen Gibbs is attending this forum.