B2B supply chain management has evolved into a core enterprise capability that directly influences resilience, financial performance, and competitive positioning. In large organizations, supply chains are no longer managed as linear processes or isolated commercial relationships.

Life sciences procurement transformation is a strategic imperative for large enterprises seeking to balance cost efficiency, innovation, and regulatory compliance. By integrating digital tools, optimizing processes, fostering supplier collaboration, and embedding governance, organizations can convert procurement from a transactional function into a value-creating capability.

What does procurement transformation mean in the nutraceutical industry?