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Pharmaceutical Investment & Cost Benchmarks Accessed Quickly Through Best Practices, LLC's New Database Search Function
Date:11/16/2011

CHAPEL HILL, N.C., Nov. 16, 2011 /PRNewswire/ -- Savvy executives in pharmaceutical commercial functions examine investment and cost benchmarks to remain competitive in today's volatile healthcare environment. Quantitative and qualitative investment benchmarking data can support a business case for increased resources, justify costs, or signal necessary course changes.

To support pharmaceutical vice presidents, directors, and managers tasked with right-sizing investment levels and justifying costs, Best Practices, LLC launches Investment & Cost Benchmark Analyzer within the Wizards & Analytics Search (http://www3.best-in-class.com/rw16.htm). The new Wizard searches the Best Practice Database for investment and cost benchmarks on a specified function, group, or business issue, such as pharmaceutical new product launch.

How to Effectively Use the Investment & Cost Benchmark Analyzer:

  • Visit the Investment & Cost Benchmark Analyzer at http://www3.best-in-class.com/rw16.htm.  
  • In the second text box, insert the pharmaceutical business issue of "product launch" in quotations.
  • Click the "Search Now" button to the right of the text box.
  • Review the list of relevant documents in the Best Practice Database.
  • Click on the document titles of most interest, including the first hit "Winning in the U.S. Marketplace: Pre-launch and Launch Investment Benchmarks for New Products." (http://www3.best-in-class.com/rw18.htm)

Best Practice Database documents include benchmarks and insights gathered from quantitative and qualitative primary research with executives at pharmaceutical companies. Subscribers to the Best Practice Database have access to these primary research results to make informed decisions in their functional areas. Within the documents, charts, graphs, and process maps enable executives to assess resource levels, responsibility scope, and performance metrics of their function.

For more information on the Investment & Cost Benchmark Analyzer or how to determine if your group is among the low performers or the best-in-class performers, contact us at 919.403.0251 or at bestpractices@best-in-class.com.    

BEST PRACTICES, LLC is a leading benchmarking, consulting and advisory services firm serving biopharmaceutical and medical device companies worldwide.

Best Practices, LLC's clients include the top 50 global healthcare companies. The firm conducts primary research and consulting using its comprehensive proprietary benchmarking tools and analysis. The operational insights, findings and analysis form the basis for our reports, database, and advisory services to support executives in commercial and R&D operations.

Best Practices, LLC believes in the profound principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class companies.


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