Life Sciences

NOVITY . is dedicated to helping the Life Sciences industry meet the ever-increasing challenge of delivering better patient outcomes through innovation, best-in-class technology and streamlined processes, while operating under stringent regulatory scrutiny.

Clients from Biotech companies, Diagnostics and Medical Devices groups look to partner with us for leading-edge technology strategies and solutions that are faster and more innovative than ever before. NOVITY has the expertise to provide you time-to-market mobility solutions. We offer Life Sciences organizations, in diverse geographies, a real-time built-in ecosystem to control costs and mitigate risks and help you accelerate development of new drugs, medical devices and medical services.

NOVITY ’s global pool of skilled Life Sciences consultants and technical resources use the most advanced technologies, processes, methodologies and industry best practices that few can rival. That’s why life sciences industry leaders choose us to help them run better and run differently.

NOVITY offers a broad range of consulting services tailored to the individual needs for Life Sciences, global Pharmaceutical, and Biotech companies. Our areas of focus include:

How We Can Help

  • Use our artificial-intelligence powered SPEND ANALYSIS solution to create up-to-date, granular visibility into all categories of spending worldwide and to manage spending in context of global commodity market-price movements. 
  • Use STRATEGIC SOURCING to dramatically accelerate complex sourcing and supply network design initiatives. The solution facilitates extensive cross-functional, cross-regional collaboration across all sourcing stages (from requirements definition through reward) and can handle entire spectrum from simple categories to sourcing initiatives comprising tens of thousands of line items. 
  • Use CONTRACT MANAGEMENT to rapidly build, negotiate and execute creative contracts, containing all necessary terms related to safety regulation, policy compliance and risk avoidance. Effectively manage dynamic pricing and location terms across complete contract lifecycles. 
  • Use SUPPLIER MANAGEMENT to expand and accelerate supplier discovery and on boarding and to manage critical supplier audit, certification and safety credentials. Model custom KPIs and KPI-weighting systems to optimize ongoing supply-risk assessment & mitigation and supplier performance management & development activities consistently and systematically across multiple geographies. 
  • Use FINANCIAL SAVINGS MANAGEMENT to align procurement with both bottom- and top-line business performance objectives and to document and demonstrate how sourcing, procurement and supply management is helping the enterprise to win the great innovation race currently underway in global energy markets. 
  • Use PROCURE-TO-PAY to streamline and speed up requisition and purchase order workflows, free internal talent to focus on supporting key innovation initiatives and to monitor and drive compliance to preferred supplier contracts, terms and conditions