Project Highlights
Improve contract process to speed new product introduction
Targets: Contracts, Sales Planning and Customer Interface
Cycle times, hand-offs, roles and responsibilities
Gaps closed, redundancy eliminated, better decisions enabled
$1.2M
Cost reduction savings
$800,000
Revenue increase
65%
Faster contract draft time
100+
Processes rationalized
68%
Less in-house work
Streamline the contract process while improving quality.
In the biotechnology industry, hundreds of contracts must be executed in order to deliver a new product to market. They require numerous stakeholders including suppliers, doctors, hospitals, distributors, marketers, CMOs. Each contract must be negotiated, agreed to, signed off, communicated, filed, etc. This client wanted to streamline the contract process while improving process quality by engaging the organization.
The client realized over $1.2 million in cost reductions and over $800,000 in revenue increases in less than six months. Kaufman Global transferred value-added capabilities to the entire organization to ensure the newly implemented processes could continuously improve, resulting in even greater savings.
“We lose a million dollars every day it takes us to bring a new drug to market.”
Get Results
Like These.
Real organization change requires fast action, fast impact and enduring confidence in their results. Put Kaufman Global to work for you.
