BioSecure Act – 2024 Debate: Impact on US Life Science Companies with Chinese Suppliers
With growing bipartisan support and after debate in both the US House and Senate, Life Science companies recognize the BIOSECURE Act has strong support to
Building a strong and resilient supply base is vital to a company’s value creation process. We develop sourcing and procurement solutions to meet your specific business goals.
We bring diverse industry and leadership experience to help each client achieve their unique value proposition by implementing sourcing and procurement solutions to reduce total costs while meeting risk, growth and business priorities.
A robust and resilient Procurement Operating Model aligns across the entire organization.
Exploring the latest trends in Procurement and Sourcing
With growing bipartisan support and after debate in both the US House and Senate, Life Science companies recognize the BIOSECURE Act has strong support to
By leveraging digital tools for supplier onboarding, collaboration and payment, CFOs can improve financial visibility, identify cost-saving opportunities and make informed decisions to optimize financial
With ongoing global inflation, rising interest rates, changing work environment and growing supply chain risks, CFOs are looking for efficient ways to work with their
We believe trust is essential to creating lasting value between customers and suppliers. When trust is present, teams can speak openly, address challenges directly, and find mutually beneficial solutions that go beyond transactional outcomes.
Cultivating trust requires collaboration between parties and the need to clarify customer requirements and supplier capabilities to successfully execute contracts and supply chain management requirements.
At Adventus, we don’t just solve procurement problems—we create long-term value. Whether you’re launching a new product, managing a merger, or modernizing outdated systems, our approach is built to align with your growth. We focus on four key areas: optimizing costs, improving operational efficiency, reducing risk, and enabling scale. Each engagement is tailored to your business goals, ensuring procurement becomes a strategic lever, not a bottleneck, as your organization evolves.
Strategic sourcing and cost analysis to unlock savings and enhance profitability.
Streamlining buying policies, processes and systems.
Implementing systems for compliance, contract management, and supply risk mitigation.
Supporting client growth by scaling procurement and sourcing operations for new product launches, M&A integration and carve outs.
The structure and collaborative nature of a company’s sourcing and procurement function is an essential component of their overall strategy. With 50-70% of their annual revenue spent on purchased goods and services ranging from raw materials, capital equipment, professional services, and several other categories, a company’s ongoing growth, profitability, and benefit to society depends on supplier relationships.
A procurement operating model aligns processes, policies, systems, buying responsibilities and metrics across sourcing, purchasing and payment activities. This model provides companies with the ability to understand supply costs and risks needed to deliver quality products at a competitive cost with minimal risk.
By strategically deploying the following levers, companies can build a scalable operating model to efficiently manage suppliers, costs, and risks.
An inadequately structured and managed sourcing and procurement process can expose a company to risks and hidden costs eroding value creation at a critical time. Some examples include delayed product approvals, poor quality, missed deliveries, cost overruns, and lost sales.