Navigating Global Supply Chain Challenges: How a Leading Pharmaceutical Company Achieved 30% Cost Savings with Low-Cost Country Sourcing (LCCS)

Procurement Low Cost Country Sourcing Key Takeaways • Challenge: A leading American pharmaceutical company faced supply chain disruptions, rising procurement costs, and regulatory compliance issues. • Solution: With SpendEdge’s low-cost country sourcing (LCCS) analysis, the company streamlined procurement, secured long-term supplier contracts, and optimized sourcing strategies. • Results: Achieved 25%–30% cost savings, 15%–20% reduction in lead times, and 10%–15% gross profit growth through optimized supplier agreements.