Let’s be honest – procurement in biotech has a reputation problem. R&D teams see you as the “Department of No.” Approvals take weeks. Urgent lab supplies get bought off-contract. And that carefully negotiated CRO agreement? Half your scientists don’t even know it exists.

The result? 30-40% maverick spend, compliance headaches, and millions left on the table.

But what if procurement could move faster than a P-card swipe? What if AI could turn a Slack message into a compliant PO in under 2 minutes?

In this 45-minute session, Michael McCarthy and Ronit Wadhwa show you how leading biotech teams are flipping the script – using agentic AI to eliminate bottlenecks, reclaim rogue spend, and prove procurement’s strategic value.

You’ll see a live demo, benchmark your performance, and walk away with a clear roadmap to transform procurement from cost center to competitive advantage.

Key Takeaways

What You’ll Learn:

• How to cut intake-to-PO cycles from 14 days to 2 minutes without sacrificing control
• Reclaim $15-35M annually by closing procurement blind spots (based on $500M spend)
• Reduce maverick spend from 40% to <10% by making compliance faster than bypass
• Achieve 95%+ spend visibility and audit-ready traceability across all indirect categories
• Deploy modular solutions that deliver ROI in <6 months – no rip-and-replace required

You’ll also get: Live ROI calculator demo, benchmark data vs. best-in-class biotech teams, and a proven implementation playbook.