Sourcing and Product Portfolio Management
Sourcing and Product Portfolio Management at MONOGRAPH PHARMA
Building a pharmaceutical portfolio management strategy isn’t a one-and-done achievement — it’s an ongoing process that will adapt and evolve with the organization. The most successful approach is to start with a relatively simple framework and enhance it as needed.
Before deciding where we’re going, figure out where we are. Compile a thorough assessment of current and potential projects in the pharmaceutical R&D portfolio, including:
- Funding status
- Pipeline stage
- Forecasts for internal and external development costs
- Even this initial information can begin to tell the story of our R&D portfolio.
We Determine the strategic goals of the organization
We can deduce what executives aim to accomplish by looking at where they concentrate their money and attention. That might include
Developing strategic solutions to bridge short-term funding gaps while ensuring continued project momentum and growth.
Aligning multiple targeted objectives to achieve a balanced and comprehensive approach to overall business success.
Implementing sustainable strategies to ensure long-term stability and drive consistent growth across your pharmaceutical portfolio.
We Make improvements to individual products
Using the strategic objectives as a guide, are there ways to alter individual products to meet those objectives better? For example, if the budget is tight this year but less so next year, could certain activities be delayed, defraying their costs? If there is the perception that the overall portfolio risk is too high, are there less risky development paths that can be considered for any products?
Use these insights to create alternative development or market scenarios for applicable products. The goal of these scenarios is to provide flexibility in making portfolio-level decisions that help the organization better achieve its strategic objectives.
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Our Approach to Sourcing and Product Portfolio Management
