122 - Intricacies of Joint Audits, Rx360, Supply Chain Security, Networking,

Navigating Audits in Med Tech and Pharma: A Conversation with Jim, CEO of RX-360

In this episode of the Combinate podcast, host Suby interacts with Jim, CEO of a member-driven consortium, RX-360, that focuses on supply chain integrity, material quality, and patient safety. Jim discusses the critical aspects of audits in medical technology and pharmaceutical sectors. He provides insight into the joint audit program that RX-360 rolled out, its working, and benefits. He addresses the challenges faced, emphasizing the need for relationship building and constant growth via listening and questioning. Lastly, he invites audience feedback to continually improve the show.

00:00 Introduction and Welcome

00:04 Guest Introduction: Jim, CEO of a Med Tech Consortium

00:58 Appreciation for Listener Feedback

01:27 Invitation for More Feedback and Contact Information

01:49 Introduction to the Combinate Podcast

02:51 Discussion on Audits with Jim

03:38 Jim's Journey and Role in RX 360

03:56 The Impact of RX 360's Work

05:45 The Concept of Joint Audits

06:59 The Process of Joint Audits

10:03 Regulatory Compliance and Audit Scoping

15:07 Reevaluation and Frequency of Audits

16:33 Evaluating RX 360's Ability to Conduct Audits

19:13 Understanding the Role of RX 360 in Auditing

19:41 The Concept of Licensable Audit Reports

20:34 Challenges in the Industry and the Benefits of Joint Auditing

22:37 The Importance of Supplier Involvement in Audit Sharing

23:31 Addressing the Challenges in Auditing

23:49 The Role of Education in Joint Auditing

25:39 The Impact of RX 360's Working Groups

27:37 The Origin and Evolution of RX 360

29:59 The Importance of Networking and Relationship Building

35:28 How to Connect with RX 360