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Strategic sourcing is a critical driver of Syngene’s growth, enabling a faster, more resilient, and sustainable supply chain. Our focus on localizing suppliers, building global partnerships, and implementing dual sourcing strategies helps manage risk while upholding the highest quality and sustainability standards. We are also strengthening sourcing capabilities in new drug modalities and advancing digitization to boost efficiency and productivity.
Managing a global network of over 2,800 suppliers across 30+ countries, we apply robust category management to ensure seamless delivery and strict compliance across all procurement needs, from chemicals and lab supplies to electronics and capital equipment.
In Discovery Services, we advanced local procurement of catalog chemicals by partnering with international suppliers to improve availability in India, leading to faster deliveries and reduced overseas dependence. We also expanded domestic stocking of biology reagents and consumables to ensure seamless supply.
In Development Services, we strengthened our network of Indian Key Starting Material (KSM) suppliers, focusing on niche chemistry expertise. Our tech collaboration framework enables mutual growth through phased scale-up opportunities for GMP-compliant custom synthesis.
A key milestone was the 2024 Annual Supplier Summit, where 48 strategic partners engaged on building a strong local sourcing ecosystem. The event also recognized suppliers who demonstrated excellence in sustainability, innovation, and operational efficiency under the theme “Local Sourcing, Global Standards.
In Biologics, we are focused on enhancing cost competitiveness and supply assurance by identifying low-cost alternatives and collaborating with global suppliers to drive cost reductions, improve yields, and minimize waste.
The pharmaceutical industry’s shift toward flexible, diversified supply chains is shaping our sourcing strategy. We offer dual-source options, leverage a strong supplier network across India and global markets, and work with international suppliers to establish local stocking points.
Hosted 11 supplier talks with key strategic suppliers and Syngene (including scientific teams) focused on new product development and technologies, process improvement opportunities and sustainable practices
Conducted 86 ESG assessments for suppliers, with targeted improvement programs for high-risk suppliers
Launched supplier decarbonization program, and baseline survey on science-based targets (SBTi) with 250 suppliers
Established a dedicated supplier grievance redressal mechanism to enhance governance and strengthen supplier relationships
Conducted safety & quality trainings, audits and assessments for 244 suppliers across supplies and services
Launched ‘Supplier’s corner’ – a dedicated webpage on Syngene’s website for our suppliers
We are advancing end-to-end digitization of the Source-to-Pay (S2P) cycle, with the implementation of supplier portal. Besides acting as a single touchpoint for suppliers, it will improve employee productivity and enhance transparency and compliance in our processes.
Under our digitization plans, we are strengthening master data governance to enhance transparency, efficiency, and decision-making through improved data quality and governance structures.
Logistics continue to be one of the key enablers, ensuring faster delivery and business continuity amidst global disruptions. To make our inbound and outbound deliveries fast and efficient, Syngene has long-term relationships with global freight forwarders and AEO (Authorized Economic Operator) Tier three accreditation that enables in simplifying the clearance processes.
Sustainability remains central to Syngene’s sourcing strategy, with several ESG-driven initiatives reinforcing our commitment to responsible sourcing.
Through our internal capability-building program, EcoElevate: Employees’ Chapter, we have trained 126 strategic sourcing employees on responsible sourcing, covering a range of topics from integrating ESG into procurement decisions to Scope 3 decarbonization.
As part of our supplier engagement program, EcoElevate: Suppliers’ Chapter, 220 suppliers, covering 44% of our spend, have been upskilled and assessed on ESG. Low-scoring suppliers received continuous improvement support, leading to an average 111% increase in their ESG scores, shifting them from high risk to low risk. We also launched a decarbonization initiative with 81.6% of our high-emitting suppliers, aligning with our Scope 3 science-based targets. A baseline survey assessed their current progress and support needs, with 26% already committed to science-based targets. The next phase will focus on equipping suppliers with resources to develop decarbonization strategies.
Reinforcing our commitment to fostering fair opportunities for small and diverse businesses, promoting growth, and building an inclusive supply chain, we formalized our supplier diversity policy. This policy will ensure that more concerted efforts will be made to actively seek and engage qualified diverse suppliers who meet our standards for quality, performance, and competitiveness.
Our commitment to responsible sourcing is reinforced by two key validations. First, Syngene reissued its verification statement for ISO 20400, the global standard for sustainable procurement, demonstrating progress across all parameters. Second, our EcoVadis rating in sustainable procurement improved to 70, reflecting our continued advancements in this area.
