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Explaining How SAP Creates Value for the Life Science Industry

<div id="content"><p tabindex="0">This video will equip you with the knowledge and tools to transform products, services, and IT operations while staying competitive. We will cover key trends shaping the Life Sciences industry and SAP's best-of-suite solutions for the Life Sciences industry value chain.</p><div class="note"><div class="noteTitle"><span class="noteIcon"><img title="Note" src="/icons/note.svg"></span><span class="noteTitleText">Note</span></div><div class="noteBody">SAP partners and customers can download <a target="_blank" href="https://dam.sap.com/mac/u/a/QfyhqLM?rc=10&amp;doi=SAP1121558">the slide deck</a>.</div></div><div class="kalturaVideoLessonWrapper"><div aria-label="" class="kalturaVideoLessonContainer" data-testid="video" id="1_zbij1isb"></div></div><div class="parentsection"><div class="section"><div tabindex="0"><h3>Lesson Summary</h3></div><ul style="list-style-type:disc"><li tabindex="0"><strong>Industry Challenges</strong>: The life sciences industry is navigating evolving regulations and business models, requiring operational excellence and compliance for success.</li><li tabindex="0"><strong>SAP Solutions</strong>: SAP supports companies in transforming operations, transitioning to cloud, and boosting margins while ensuring regulatory adherence and driving growth.</li></ul></div></div></div>

SAP Value Creation for the Life Sciences Industry

Introducing the Life Sciences Industry

Creating Value for the Life Sciences Industry

Hello and welcome to the SAP for life sciences training. In this video, we will give you an example of how you can present the life sciences story to our customers. We will also explore examples of how SAP and partner solutions are helping life sciences companies transform to achieve operational excellence, improved compliance, and to provide better service to their customers. The life sciences industry is facing change and challenges from several value chain entities upstream or downstream. This is due to changing global regulations acting as a driver in our industry. Along with sweeping shifts in business models, Life Sciences companies are constantly grappling with several questions. We start by looking at supply chain regulations, because that's the foundation for our industry. We live and breathe compliance and regulatory perspective. Let's consider some answers to these common questions. Adhering to compliance is mandatory in regulatory industry. Collaboration across value chain element is key for success. Preventing counterfeit is mandatory for patient safety. SC operational excellence is critical for product distribution to patients. Efficiency in clinical trial is important to reduce R&D cost. Need to reduce time to value while managing product lifecycle. Need to adapt with convergence across industry sub-segments. Reducing cycle time for quality assurance is critical for time to value. Business models are changing from product sales to distributing services. And it's important to address these challenges with the help of SAP solutions that will cover in more detail. SAP and our partners have been successful in bringing powerful tools to help many different life sciences companies solve their most pressing business challenges. This includes transforming their organizations and improving efficiency and profits. We always start with our customers. What works? What is successful and what tools do our customers use? How do these companies really solve their challenges and ensure the business is successfully delivering on KPI's? When we look at transforming organizations, it's important to focus on operational excellence. Also, on reducing cost and boosting margins as regulated customers move from on premise to cloud operations. SAPRise Cloud Methodology helps customers to embark on digital. Transformation Journeys. Here are examples of SAP customers using our technologies to help them address their challenges and prepare them for NextGen ERP deployment. Scan the QR codes to learn more. We have a good mix of large enterprise pharmaceuticals like Bear and medical devices like Frasanius. There are several mid-market customers from different regions of the world. At the end of the day, SAP customers are enabling digital transformation. We are supporting our customers' transformation. to the cloud, ensuring their regulatory compliance and enhancing cloud ERP for additional business value. The Life Sciences industry is facing change in almost every business dimension, and emerging trends and challenges are causing many biopharma and device companies to rethink their business models. Current business trends that we are seeing include. Increasing margin pressure from patients, payers, providers, and governments. Empowered patients that won and expect personalized therapies, that deliver promised outcomes. Many companies still work with their suppliers and trading partners via inefficient point-to-point interactions. And the need to automate resource-intense manual processes to drive down costs. Current business challenges that we are seeing include. Clinical trials growing dramatically in number, type, and complexity. The need to comply with ever-expanding global and local regulations. Inefficient interactions with development, supply, manufacturing, and trade. partners, and how existing processes and systems can be barriers to intelligent automation. On the growth ambition side, current trends include the acceleration of research and development to bring new drugs, devices, and therapies to market faster, the delivery of scalable but personalized patient therapies that meet or exceed expected outcomes. Also, companies are shifting to an integrated B2B, B2C business network model, a move away from inefficient point-to-point interactions, and the application of AI across the enterprise for intelligent automation of processes. Finally, some challenges to growth ambition include. To keep drug and therapy prices competitive, costs must be lowered across the whole life sciences value chain. The traditional reactive approach to compliance needs to become proactive and anticipatory. A lack of business insights backed by data to drive profitable growth. and the need to find, and on-board high-quality life sciences talent. SAP for Life Sciences solutions are helping many biopharma and medical device companies improve outcomes and enable innovation across their entire value chain. We are helping life sciences companies run today's business better by supporting new types of clinical trials and more complex trial design with scalable architecture that accommodates multiple clinical supply models. And helping. them digitalize collaborative drug and device development and its transition to commercial manufacture. Also, by enabling the reduction in drug and device manufacturing cycle time, to drive down costs by automating manufacturing steps, and to scale with minimal need for additional resources. For batch release, we are helping companies reduce cost and improve quality and safety in full compliance with global and local regulations. And we are delivering intelligent tracking and trace capabilities that support anti-citing of drugs and devices in full compliance with DSCSA, Drug Supply Chain Security Act Rules. SAP is also helping Life Sciences companies achieve their growth ambitions. To move from reactive to proactive to proactive compliance, the anticipation of and planning for new global and local regulations. By leveraging the SAP Business Network, the digital marketplace that connects Life Sciences companies with qualified partners and value chain collaborators. by supporting the rapid onboarding of acquisitions, faster monthly financial closing, intelligent procurement, training, and HR functionality, and by giving companies the tools to scale delivery of therapies that meet or exceed expected outcomes. This concludes part one. Let's look at examples of how SAP and partner solutions are helping life sciences in more detail in the next session. Thank you for watching!