Logo Top Home  About the Institution of Operations Management  Contact Us  Shopping Basket  Member Login  Forum 
Institute of Operations Management
Membership Education and Training Events Learning Resources Journal and News Members Only
 
Search Options
Click here to Search the Website
Join the IOM Today
Find us on LinkedIn
Read about APICS
Operations Management News RSS feed Why not subscribe to our RSS feed of IOM News?

Importance of operations management in pharmaceuticals highlighted

17 May 2010
Add to: Digg Add to: Del.icio.us Add to: Facebook Add to: Furl Add to: Google Add to: Live Spaces Add to: MySpace Add to: StumbleUpon Add to: Twitter
Importance of operations management in pharmaceuticals highlightedThe need for the pharmaceutical sector to enhance the efficiency of its research and development activities has been highlighted in a new report.

According to the study by GBI Research, IT solutions and externalisation of processes have the potential to enhance return on investment within the industry.

The business intelligence specialist notes approaches aimed at improving productivity such as consolidation, restructuring, outsourcing research and better lifecycle management of drugs have not had a substantial impact on ROI.

Entitled Pharmaceutical Research and Development (R&D) - Increasing Efficiency through Information Technology and Externalization, the study provides information on continuous improvement programmes in the sector and advocates wider use of such measures in order to boost efficiency.

The research notes that R&D ROI has been in decline since 1996, while rising expenditure has not been reflected in the number of new drugs approved in the US, making good operations management more important than ever.

Figures from the Department for Business, Information and Skills indicate the UK''s pharmaceutical industry is the country''s biggest investor in R&D by sector, responsible for an estimated £3.3 billion of expenditure in 2009.ADNFCR-3058-ID-19781483-ADNFCR
Bookmark this Article Link to this Article Subscribe to the IOM Newsletter Send this Article to a Friend/Colleague

Related News

Awards honour health and safety continuous improvement
21 May 2012
Health and safety continuous improvement policies have been rewarded with prizes at the RoSPA Occupational Health and Safety Awards 2012.
Manufacturers ''need practical support''
16 May 2012
A majority of manufacturers are uncertain the government has the right strategies for growth in the sector.
Manufacturers ''need practical support''
16 May 2012
A majority of manufacturers are uncertain the government has the right strategies for growth in the sector.
Sheffield manufacturer honoured for continuous improvement
15 May 2012
An equipment firm in Sheffield has received an award for its operations management and business gains.

Link To This Article

Copy and Paste the following HTML into your page.
 
The Institute of Operations Management, CILT(UK), Earlstrees Court, Earlstrees Road, Corby, Northants NN17 4AX.
Tel: 01536 740105. Fax: 01536 740101. Email: info@iomnet.org.uk
    © 2012, The Institute of Operations Management.     Help |  Site Map |  Legal Disclaimer |  Privacy Policy Designed By ZARR