LONDON–(BUSINESS WIRE)–Infiniti Research, a leading market intelligence solutions provider, has recently announced the completion of its latest success story on procurement market intelligence services. This success story highlights how the experts at Infiniti Research helped a pharmaceutical blister packaging market client devise a sound contract negotiation strategy, strategize supply chain initiatives, reduce maverick spend across inventory, and reduce procurement spend by 20%.
Owing to the growth in over-the-counter (OTC) drugs, rising focus on health management, and outbreak of new diseases, the pharmaceutical blister packaging market is expected to witness positive growth over the coming years. Additionally, the growing demand for safe and tamper-evident packaging is expected to propel the pharmaceutical blister packaging market growth. However, with customers becoming more conscious about the quality and appearance of pharmaceutical products, companies in the pharmaceutical blister packaging market will need to focus on enhancing quality while managing costs.
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Business Challenge Faced
The client is a pharmaceutical blister packaging firm based out of North America. They were in search of a procurement market intelligence partner to support them in assessing the company’s overall procurement competence, evaluating suppliers’ pricing structures, and conducting price model analysis. They partnered with Infiniti Research to leverage their expertise in offering procurement market intelligence solution. By leveraging Infiniti’s procurement market intelligence solution, the client also wanted to maximize production efficiency, reduce time to market, increase accessibility, and customize packaging.
Our experts can help you to track the latest developments and procurement trends in the pharmaceutical blister packaging market. Contact us today.
Our integrated approach and solutions offered
To help the client tackle the above-mentioned challenges, the experts at Infiniti Research used a combination of qualitative research, supplier analysis, market size analysis, and market potential study. The engagement also involved gathering a list of suppliers in terms of their business profile, financial structure, and revenue. In addition, the data gathered through primary and secondary research was validated with market experts and independent consultants.
Infiniti’s procurement market intelligence solution helped the client to:
- Increase efficiency, improve compliance, and reduce operating costs
- Accurately analyze spend data and efficiently allocate operating budgets
- Make better decisions regarding new and current suppliers
- Strategize supply chain initiatives and reduce maverick spend across inventory
- Create visually appealing and texturally pleasing designs to drive patient engagement
- Identify new cost reduction opportunities
- Reduce procurement spend by 20%
Want more insights into this engagement? Request more info and our experts will get in touch with you with relevant insights.
Read the complete success story for comprehensive insights: Devising a Proprietary Procurement Model to Reduce Procurement Spend for a Pharmaceutical Blister Packaging Market Client
About Infiniti Research
Established in 2003, Infiniti Research, is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us