Wednesday, January 15, 2020
Monday, January 6, 2020
Thursday, September 5, 2019
Challenges for Third Party Manufacturer
Challenges for Third
Party Manufacturer
Let's understand Third Party Pharma Manufacturing first, it’s a
process wherein a Pharma Marketing company who does not have manufacturing the unit takes the services of a manufacturing unit who utilizes his manpower and
Machinery to manufacture the required approved product for that marketing
company. On the box and foil it's printed manufactured by the name of the
manufacturer and Marketed by the Marketing company both including the address.
The Quality related Matter is the responsibility of the Third-party Pharma
Manufacturer and Liquidated the stocks before expiry is the responsibility of
the marketing company, both are interdependent and work as a team to further
their respective cause to produce and sell quality medicines to the ailing
millions.
Consolidation of Orders:
The biggest challenge for any Third Party Manufacturing Pharma is to consolidate the orders of similar products so as
they are able to manufacture at least one batch size which varies between
100000 to 1000000 tablets or capsules. After the production of one batch, the entire machine is sterilized and is prepared for the next production if one is
not able to manage the batch size it escalates the cost.
Fluctuating Price of RAW material:
The regular fluctuation in the prices of RAW material results
into less capacity to maintain the stock as one is never sure what would be the
next price; this disturbs the planning, resulting in delay supplies and
unsatisfied customers. If the price of RAW material increases it affects the final price and the customer always feels cheated and thus he keeps looking out
for alternatives.
Frequent demand for maintenance:
Since the manufacturer is dependent on the machine so is never
sure of consistency, if there is a breakdown then despite all your good
intentions the production gets delayed resulting in poor customer satisfaction.
Unless and until a mechanic will not come and rectify, the problem persists and
the mechanic being outsourced, it has its own issues of management.
Extra Packing Material:
In Third-party since you need to cater to all types of parties,
placing orders in a small and large batch, when someone orders small batch the
print Material like Boxes and Foil has to be printed in minimum quantity so out
of printed quantity some are used and rest is stored for further use and if
there are no repeat orders the packing material is a waste and not only it is
waste but for a particular time frame it's stored also as you are not sure when
someone is going to place the order, this takes a huge toll on the space
utilization of the manufacturer and he has to earmark a large space to store
the PM. In case there are changes in the regulation than all the stored packing
material is wasted and needs to be changed and there is a huge loss to the
manufacturers.
Parties not Picking the Stocks:
At times parties place the order and fail to pick the stocks,
resulting in space getting blocked and the funds getting blocked and moreover
the marketing team is wasting its time in following up the parties to lift the
stocks rather than creating more business opportunity. Parties not paying in
time is another major issue with the manufacturer as few marketing companies
when they give good orders demand credit and if obliged the payments get
delayed that disturbs the cycle of the manufacturer as his money which was to
used to purchase the RAW material gets blocked.
These are few challenges of the Pharma Manufacturers and anyone
who is able to handle these challenges effectively can do really great in this
line of Business i.e. pharma contract manufacturing.
PCD Pharma Company Price List
A Better Business Opportunity For A Better Career- PCD Pharma
Franchise
The
demand for medicines and healthcare services have indeed gone up across the
world. Most of the people are now preferring to build a career in the Indian
pharma industry because they have understood the major benefits of choosing
this.
Are
you looking for such opportunities? Do you want to start something of your own?
Then go for PCD pharma franchising. However, to keep it under your budget,
carefully go through the PCD pharma
companies price list. With this, you can choose the best one under your
budget.
Choose the best by
going through the PCD pharma companies price list, and you will enjoy a lot of benefits
Talking
about the franchise business, here you will enjoy all the rights of the parent
company under some legal terms. Well, this is done to expand the commercial
activities through a third party. You don’t have to pay much to become an owner
of a franchise. If you want to know about the cost, just go through the PCD pharma companies price list.
However, it comes with a lot of benefits. These are:
1.
The
lower amount of risk
As
you will work as a part of an already established pharma company, there will be
no such risk. This is perfect for them who want to start their own business but
don’t have enough money for this.
2.
You
will have monopoly rights
As
you will work as an authorized dealer, you will enjoy a monopoly in the
business. Besides, you will get complete freedom on deciding your stock and
marketing methods.
3.
Cost-free
marketing materials
The
company will help you in marketing the products. Besides, you will get free pamphlets,
brochures and more.
If
you don’t wish to work under someone and if you are willing to take a little
risk, then choose a PCD pharma franchise business by going through the PCD pharma companies price list.
Wednesday, August 21, 2019
List of The Best PCD Franchise Company
Searching for the Best PCD Pharma Companies in
India is the biggest issue, So always
choose a company that enjoys a good reputation in the market. Accreditation and
award are also important. It will ensure proper growth in your business. To
know more about how to choose best PCD Franchise Companies kindly visit us
Visit: https://www.pharmabizconnect.com/search/pcd-pharmaFriday, August 2, 2019
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