GlaxoSmithKline’s healthcare products are used by millions of people around the world daily. Headquartered in the UK, the global giant has offices in over 115 countries, with major research centres in 87 sites.
The British firm’s three primary areas of business are pharmaceuticals, vaccines and consumer healthcare. Committed to constant innovation, in 2013 GlaxoSmithKline spent £3.4 billion on research to develop new medicines, vaccines and consumer products.
Nicola Mifsud-Houghton, Market Intelligence Manager at GlaxoSmithKline, values Procurement Leaders as a key tool to develop the firm’s procurement strategy.
"Membership of Procurement Leaders means we have easy access to huge array of market intelligence," says Nicola. "The category intelligence we have at our fingertips is incredibly useful. It’s a major resource for us when we set strategy or make plans.
"During a recent planning period we used Procurement Leaders’ category intelligence to map out what was going on in the market, understand important supply market trends and identify key players. It really helped us inform successful category strategy creation."
Nicola’s team are also keen consumers of Procurement Leaders’ online news and magazine, seeing the news and analysis as another valuable source of information.
"In conjunction with the category intelligence we draw heavily upon Procurement Leaders’ news, analysis articles and blogs," explains Nicola. "The analysis of current events and up to date intelligence helps keep us abreast of the latest trends and market developments. It’s all easily accessible and we don’t have to scour dozens of sources to find what we need to know. It’s all in one convenient place."
With such an array of resources at members’ disposal, Nicola sees Procurement Leaders as a powerful aid for managers wishing to empower themselves and their teams through advancement of their external market understanding.
"Procurement Leaders is a fantastic self-service tool for managers who are pushing themselves to constantly learn new things and improve in their category understanding." says Nicola. "There are so many avenues of information and data that anyone who explores them will inevitably benefit in their personal and professional development."