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Pharma KPI As market pressures demand increased innovation and shorter product lifecycles

Paper Overview:<br>As market pressures demand increased innovation and shorter product lifecycles, pharmaceutical companies are evaluating alternative business models, focusing on technologies – such as business intelligence (BI).<br><br>Key Performance Indicators (KPIs) help Pharma corporations highlight successes and identify program areas for continuous improvement, which helps provide a picture of its pharmaceutical benefit management operations. These critical components of any Pharma business intelligence platforms deployed is to assist pharmaceutical companies to realize the accurate, relevant information that can make the difference. <br>

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Pharma KPI As market pressures demand increased innovation and shorter product lifecycles

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  1. Pharma KPI As market pressures demand increased innovation and shorter product lifecycles

  2. PAPER OVERVIEW As market pressures demand increased innovation and shorter product lifecycles, pharmaceutical companies are evaluating alternative business models, focusing on technologies – such as business intelligence (BI). Key Performance Indicators (KPIs) help Pharma corporations highlight successes and identify program areas for continuous improvement, which helps provide a picture of its pharmaceutical benefit management operations. These critical components of any Pharma business intelligence platforms deployed is to assist pharmaceutical companies to realize the accurate, relevant information that can make the difference.

  3. WHAT IS KPI?

  4. WHAT IS KPI? In simple words, Key Performance Indicator (KPI) is a measure of something that is strategically important to the business.

  5. KPI Identification Guideline

  6. KPI Identification Guideline • Work with the business to determine the KPIs and where they fit in the overall business process • Identify the process owners to determine how the KPIs should be grouped • Work with IT to determine data sources • Work with the business & IT to determine any common coding structures (Part numbers/GL codes etc) • Work with business & IT to document any standard business calculations (e.g. Gross Margin, etc.) to build the data dictionary • Identify data and its relationships to other data, logical groups & sub groups required for analysis and drill-down

  7. Pharma KPI - Samples

  8. Pharma KPI - Samples

  9. Pharma KPI - Samples

  10. Conclusion

  11. Conclusion Today, a successful company is not measured by the data it produces and stores, but how it measures and uses that data for ongoing business operations. KPIs play a critical role in that process – if you wait to react, your peers could outperform you. Read More

  12. 600 17th Street 2800 South, Denver, CO 80202, U.S.A. (720) 295 3513 info@intellectyx.com | www.Intellectyx.com Download Whitepaper

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