Our Integrated Approach
To address the business issues and meet the specific requirements of the pharmaceutical blister packaging market client, the experts at Infiniti Research carried out an approach comprising of primary and secondary research. The data gathered through primary and secondary research was validated with market experts and independent consultants. Also, Infinitis procurement market intelligence engagement involved tracking the latest developments and procurement trends in the pharmaceutical blister packaging market through secondary journals. The experts also reached out to key stakeholders, thought leaders, and end-users of consulting services to understand their views on the pharmaceutical blister packaging market.
With the help of the procurement market intelligence study, the pharmaceutical blister packaging market client was able to identify their suppliers cost and pricing structure and develop a sound price model analysis. Additionally, the experts helped the pharmaceutical blister packaging market client to develop a list of suppliers in terms of their business profile, financial structure, and revenue. This helped them to identify the right suppliers for providing them with the raw materials for production.
The experts at Infiniti Research also focused on estimating the current market size, market segments, the latest market trends, drivers, and challenges in the North American pharmaceutical blister packaging market.
Results Obtained
With Infinitis procurement market intelligence engagement, the client was able to evaluate key suppliers cost structure and identify the right suppliers. This helped them to increase efficiency, improve compliance, and reduce operating costs. Also, the client was able to accurately analyze spend data and trends, which helped them to efficiently allocate operating budgets.
The procurement market intelligence experts at Infiniti Research also helped the client devise a sound contract negotiation strategy. This helped them to make better decisions regarding new and current suppliers. The experts also helped the client to understand how their competitors are managing supply chain operations. This helped them to strategize their supply chain initiatives and reduce maverick spend across inventory.
Also, by undertaking initiatives recommended by the experts at Infiniti Research, the pharmaceutical blister packaging market client was able to maximize production efficiency and improve speed to market. Understanding customers needs helped them to create visually appealing and texturally pleasing designs and drive patient engagement. Also, by using transparent packaging materials, they were able to increase visibility and accessibility.
In addition, the pharmaceutical blister packaging market client was able to preserve the integrity of pills by sequestering each pill inside its own blister in the blister pack. As recommended by the experts at Infiniti Research, the client also used slim medication blister packs to ease the storage of pills and protect them from physical damage during transit.
By devising a proprietary procurement model, the experts helped the client to identify new cost reduction opportunities and reduce procurement spend by 20%.
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