Robbinsville, NJ, July 16, 2016—DCAT Sharp Sourcing 2016, held on July 12, 2016 at the Hyatt Regency Hotel in New Brunswick, New Jersey, brought together over 225 executives engaged in the pharmaceutical manufacturing value chain to address a common challenge for pharma companies and their suppliers: how to create win-win situations in achieving desired goals for cost reductions and delivering value.
The day kicked off with specialized forums for buyers and suppliers that provided practical insights, best practices, and related discussions tailored for those audiences while the joint afternoon session featured ways that pharmaceutical companies and suppliers can move beyond traditional paradigms in sourcing and procurement and reach more collaborative and strategic partnerships. Industry experts from Pfizer, Novartis, Merck, Johnson & Johnson, Teva, Lilly, BMS, Biogen and more participated in the presentations and panel discussions.
Allison Vavala, Senior Manager, Business Development at Helsinn attended the Suppliers’ Forum panel discussion that provided customer-centric perspectives on different aspect of supplier relationship management. “The DCAT Sharp Sourcing event was extremely valuable to hear firsthand from buyers on what they are looking for when sourcing projects and how these partnerships should look. Additionally, the program made it conducive for networking with both supplier colleagues and buyers allowing for new connections to be made.”
At the Buyers’ Forum, Margaret Barnett, Manager, Purchasing at Par Pharmaceutical found the round table discussions with counterparts at other organizations to be the most informative and helpful. “We had the opportunity to discuss current challenges and practices on various topics with group feedback and recommendations that were insightful.”
You can find detailed summaries of the Sharp Sourcing presentations in the upcoming issues of DCAT Value Chain Insights (VCI), DCAT’s weekly information resource on pharmaceutical manufacturing, sourcing and procurement, and supply management.
The education sessions were followed by an inspirational keynote address and networking reception with Daymond John, star of ABC’s Shark Tank who shared his winning strategies for creativity, resourcefulness, and changing the paradigm of supplier and buyer relationship to foster innovation, accelerate growth and maintain a competitive edge.
Set a Goal: Because if you can’t recognize a target you won’t see it.
Homework: Do your homework, do your analytics and take inventory of yourself.
Amore: Love what you do. Don’t invest in a company, invest in people.
Remember You Are the Brand: Be able to talk about yourself in 2-5 words.
Keep Swimming: Don’t give up. Think about your failures as opportunities to learn.
The DCAT organization would like to thank the following volunteers and member companies for their help in making this another successful DCAT event.
Supply Management Committee Members: Sally Macaluso, Johnson & Johnson; Vince Colarusso, Bristol-Myers Squibb; Julie Giorgi, West Pharmaceutical Services, Inc.; Michelle Messier-Dort, Catalent Pharma Solutions; Maria Metzger, Novartis Pharmaceuticals Corporation; Ron Perry, Pfizer, Inc.
Education Committee Members: Gavin Murdoch, Patheon; Sean Diver, Lonza, Inc.; Lori Hoffman, PharmaBioSource, Inc.; Sarah Hove, MilliporeSigma; Syed Usain, Alcami Corporation; Dave McGee, Boehringer Ingelheim; Tom Niemeyer, Pfizer, Inc.; Randi Norfleet, Walker SCM, LLC; Brian Shaughnessy, Piramal Pharma Solutions
Sponsors: PCI Pharma Services, Piramal Pharma Solutions, Johnson & Johnson, Infa, Inc., Corden Pharma International GmbH, JRS Pharma, Siegfried AG
Media Partners: Contract Pharma, Life Science Connect, Speciality Chemicals Magazine, and William Reed Business Media
As a not-for-profit, member-supported business development association for the global pharmaceutical manufacturing industry, the Drug, Chemical & Associated Technologies Association (DCAT) is committed to providing programs, events and services that help our members expand their network of customers, suppliers and colleagues in the industry. Founded in 1890, DCAT is the industry’s premier business development association whose membership is comprised of companies that manufacture, distribute or provide services to the pharmaceutical, chemical and related industries. With over 450 corporate members, DCAT is headquartered in Robbinsville, New Jersey.
DCAT Director of Communications
The Drug, Chemical & Associated Technologies Association (DCAT) is a not-for-profit, global business development association whose unique membership model integrates both innovator and generic drug manufacturers and suppliers of ingredients, development and manufacturing services, and related technologies. We are committed to provide programs, events and services that help our members meet their business objectives, expand their network of customers and suppliers, and gain insight into industry trends, markets, and those issues impacting pharmaceutical development and manufacturing.