In the “Buy vs. Build” world of Pharma, Does Lab Productivity Still Matter?

In the “Buy vs. Build” world of Pharma, Does Lab Productivity Still Matter?

The cost of developing new drugs averages about $500,000 a day over 12 to 14 years (~$2.5B average cost per new drug). This high development spend has not translated into a meaningful number of additional new medical entities approved by the FDA (about ~35 per year). High development costs and thin pipelines have led many companies to shift towards a strategy of acquiring new drugs by...

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Utilities’ Aging Workforce: Then and Now

Utilities’ Aging Workforce: Then and Now

In the late 70’s and early 80’s a majority of people who began work at local utilities did so with the expectation of starting and ending their career with the same company. It was stable with low risk and good benefits: Why Not? Back in 2003, when I entered the industry as a recent college graduate, I noticed that a substantial number of employees were coming up on retirement after completing...

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A Perspective on Implementing Lean in Maintenance, Repair and Overhaul Business Functions

Introduction Lean implementations are proven to eliminate waste and promote better flow within the value stream. They can be applied to a variety of industries from manufacturing to healthcare, and production to service functions. In this blog, I’ll focus on Maintenance, Repair and Overhaul (MRO) business functions. Unlike traditional processes, MRO functions can have an extremely...

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SKU Rationalization: The Need for a Holistic Approach in a Customer-Sensitive Marketplace

Retail merchandising decisions are often tough to make. The evolution of an increasingly competitive marketplace has forced retailers to take a hard look at the products they sell to see if it really makes sense to offer them from a business perspective. Additionally, multiple studies have shown that the sales floor is disproportionally occupied by products that collectively only make up a...

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Operational Savings Through Sustainability

We often think that sustainability means placing a couple of recycling bins in our break rooms and including anecdotes in our email signatures that urge people to consider the environment before printing messages. While those things help to divert waste from our landfills and increase awareness about the use of resources, true sustainability in the manufacturing and distribution industry...

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Chicago, IL 60606
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