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APQC - Life Science

The life sciences industry has significantly grown and expanded to include more and more industries that are reliant on process driven models to function. For those who are in life sciences industries, it is also important to adhere to changing regulations, as well as the gap that continues to grow between business and science. As such, it is vital that departments such as accounting have a structure in place to ensure that the financial side can keep up with the demand on the business and consumer side. Certain organizations, such as waste management, rely specifically on these process driven models to ensure that they follow the changing rules, but also to look at the waste management process using real time data. This not only improves efficiency, but also the cost of the entire process. 

However, the benefits of leveraging Mavim & APQC extend far beyond reducing cost or increasing efficiency: 

  • By creating a common language to measure and evaluate every process in a business, Mavim provides senior management with an effective way to manage performance for such distinctly different processes such as customer service, accounting, suppliers, and wholesalers.

  • Minimizing process variation is particularly important for the life sciences industry, where every part of an organization deploys a different process. The inherent variation in these processes makes it difficult to achieve consistent standards. The Mavim software can help identify best practices and where current process execution deviates from the norm.
     
  • While process and practice may appear similar within different departments within an organization, the lack of widespread practice can lead to timely delays and disruptions with the supply change and lead to increased costs to improve on these mistakes.

Demonstration video: APQC - Life Science

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