Choosing the Right Fit for your Functional Service Provision Model
Sponsored by: Covance
- Functional Service Provision
- Fsp Management
Date: 11 April
Time: 4PM London/11AM New York
Sponsors are increasingly turning to a Functional Service Provision (FSP) model as pressure continues to drive increased efficiency, reduce cost in R&D and increase speed of development cycles - without sacrificing quality. In fact, recent reports suggest that even with stable or growing pipelines, nearly half of all sponsors are interested in reducing their internal capacity and resources in the coming years.
But how can a sponsor find the best fit for functional outsourcing given that an FSP can be configured in many different ways? This webinar will discuss strategies for leveraging the benefits of an FSP based on the preferences of the sponsor and needs of a study, and discuss key considerations for optimizing functional outsourcing.
The growing role of technology in clinical research in FSP partnerships is another angle that will be discussed. Even when sponsors have complete control over a study, accurate tracking of progress and proactive identification of potential pitfalls is important for effectively managing collaboration in a global study. How can sponsors leverage technology to keep up to date on operational performance as well as meet the demands from regulatory agencies to demonstrate oversight of their vendors?
If you are considering an FSP model for one study or as a company-wide strategic outsourcing model, or you just want to understand more about the configurations that are available to you, please join this informative webinar to learn about the options for reducing overhead and creating more alignment and predictability in your process.
Celene van Straten,
Executive Director, Covance Flexible Solutions
Celene van Straten has over 15 years of experience within the contract research organization (CRO) and pharmaceutical industries.
As Executive Director, Covance Flexible Solutions, her focus is predominantly on global strategic outsourcing solutions for clinical trials. She has significant expertise in methodologies covering legal, operational and financial aspects as well as a strong background in clinical outsourcing procurement and supplier management in the pharmaceutical industry. Her vast experience includes client partnership establishment and management, deal structuring and operational implementation of functional models regionally and globally.
Celene holds a master's degree in molecular biology from the University of Stellenbosch, South Africa.
Senior Director, FSP Global Business Operations
Patricia Williams has more than 19 years of experience in roles of increasing responsibility within the CRO and pharmaceutical space.
As Senior Director at Covance, her predominant focus is on the design of FSP engagements including process development and financial modeling. Patricia's extensive experience includes Phase I research to pharmaceutical procurement to CRO commercial functions as well as development and negotiation of budgets and contracts for Phase I-IV services worldwide for the top five CROs.
Patricia holds a master of business administration from a leading UK business school, a bachelor of science degree and a registered nurse qualification.
Key Learning Objectives
- Discuss today’s industry drivers for innovative sourcing models
- Understand the strategies behind implementing an FSP partnership
- Learn about the options for finding the right sourcing model based on a study’s needs
- Hear about the growing role of technology in FSP management
- Head / Managers of Procurement
- Head / Managers of Purchasing
- Head / Managers of Outsourcing
- Head of Clinical Operations
- Category Manager
- Vendor Management
- Alliance Management / Leads