Monday, June 23, 2014

P&G Reflection


Our main concern here at P&G is to decide whether we should implement a new process of data capture which would create greater efficiency and reduce the lag time of our clinical trials. Our current paper-based method is effective but causes loss of sales due to the delay of market entry. It’s imperative that we address this issue now because our market position is critical when competing with large pharmaceutical companies because as we all know, early entry to the market provides a significant and sustained market-share advantage.

The presentation by the American “A” Experts consultants was very compelling. They offered 3 alternatives and clearly outlined the pros and cons of each.
Do we enhance our paper-based method? Implement digital imaging? Or adapt Web enabled EDC? Each alternative method provided a reduction in time and the concern then is feasibility and cost.

To summarize their presentation;
The first alternative, enhancing the paper-based method would require incurring the cost of daily express mail shipments and hiring more staff. This doesn’t create a solution for increasing efficiency it only helps facilitate the process and reduce lag time.

Second alternative implementing digital imaging allows documents to be electronically sent and stored digitally increases efficiency but doesn’t reduce significant time in the process of capturing data.

The third alternative, web enabled EDC is the right choice for P&G. It creates efficiency and significantly reduces our market entry time. The weighted requirement analysis presented by the consultants reaffirms this option is the best fit for our need. The assumption of estimated savings outlined by the consultants are substantial and very close to our own projection. This system will not compromise our data but provide added security and back up. The system is feasible with training and technological assistance.

My recommendation would be to move forward in implementing the web enabled EDC. It will have a long-term effect in the financial aspect and clearly addresses our issues. The consultants did a great job in their analysis which clearly concluded this is the best option. 

No comments:

Post a Comment