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TechSolve Expert Presents Lean Applications to Pharmaceutical Industry; Trent Wall Offers Solutions to Cutting Waste, Innovation and Global Competition

Posted on: Thursday, 3 November 2005, 12:00 CST

The pharmaceutical industry is not as profitable or as efficient as it could be, causing prices to be too high, productivity to be too low and profitability to remain unmaximized, that according to business process optimization experts at TechSolve. How can the pharmaceutical industry become more efficient, reduce costs and focus on innovation - it all starts with the concept of lean. Trent Wall, lean facilitator at business optimization consultancy TechSolve, will discuss lean applications during Pharmaceutical Processing Magazine's free webcast, "Going Lean: Cut the Waste, Improve Quality, Get to Market Faster: How Lean Manufacturing Technologies Can Change the Pharmaceutical Industry" at 2 p.m. eastern time on Nov. 16, 2005. The free webcast can be accessed at www.pharmpro.com.

Wall's presentation will include an explanation of how to sustain continuous process improvement practices. Wall will also offer lean solutions to the largest issues currently facing the pharmaceutical industry: intellectual property and generic competition, cost and lead time of research and development, drug prices, and inventory management.

Wall says the opportunity to present the relevance and necessity of lean implementation to the pharmaceutical industry is very timely. "Understanding how to utilize and implement the concepts of lean is quickly becoming a necessity as pharma companies look to cut waste and increase productivity and profits. The proper implementation, then continuous improvement of an operation leads to the ability to better compete on a global scale."

Wall will be joined by two other reknowned panelists that include Bikash Chatterjee, CEO of Pharmatech Associates, Inc. and Rama Shankar, quality performance manager of TAP Pharmaceuticals. The webcast moderator will be editor-in-chief of Pharmaceutical Processing, Mike Auerbach.

Founded in 1982, the people, products and services of TechSolve are at work to increase efficiency and product flow for hundreds of manufacturers and technology providers across a broad spectrum of industries. The organization provides assessments and consulting, testing and implementation, and training to successful manufacturers looking to optimize and continuously improve their business, making it more profitable and more competitive. Headquartered in Cincinnati, OH, TechSolve employs 60 and has over 200 companies in its membership organization. More information can be accessed at www.techsolve.org or by calling 513.948.2000.

TechSolve is a team of business experts and engineers who represent some of the best thinking in the world on how to make your organization more successful. Through a hands-on approach, TechSolve's industry experts: implement lean and other productivity improvement and cost reduction projects at the enterprise and supply chain levels; support new product development and growth planning; help program and product managers reduce the cost of high volume or low volume/high cost metallic engineered parts.

Source: Business Wire

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