ProQuest

Year: 2024

Award: Supply Chain Excellence Awards - UK

Award Name: The Procurement Award

Company: Zentiva Group a.s.

Through strategic initiatives, cutting edge technology, and a committed, diverse staff, Zentiva’s procurement team has transformed its operations and driven previously unheard-of levels of value and efficiency.

Through the creation of a thorough direct material spend cube, the team has improved supplier security, made substantial savings, and delivered €9 million above budget in 2023.

Regular meetings, ratings, and an impending annual supplier meet—all part of the team’s emphasis on supplier relationship management—have improved relationships and synchronised growth plans.

Zentiva is committed to responsible procurement as seen by its high ESG targets and company-wide training.

A coherent, feedback-driven team culture attracts, keeps, and produces excellent personnel.

With PowerBI dashboards, new procurement software, and business intelligence, Zentiva is well-positioned for explosive expansion.

Zentiva’s financial sheet has been much enhanced by the team’s proactive navigation of obstacles, such the Russia-Ukraine crisis, and implementation of creative solutions such consignment stock models and vendor-managed inventory.

Zentiva’s procurement team excels in promoting efficiency, sustainability, and healthcare access with a clear 5-year savings target and a goal to enable over 100 million people access to reasonably priced medications.

Their ground-breaking methodology raises the bar for pharmaceutical sector procurement.