Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
How Traceability Contributes to Great Competitiveness
Traceability is essential for both companies to be in compliance to domestic and global pharmaceutical standards and laws, yet this is just the baseline from which both companies analyzed here begin from. For traceability to be effective in contributing to greater competitiveness, the process shown in Figure 1 must be seen as always being improved. The tangential processes that are related to traceability, from reverse logistics and supply chain management to pricing and brand management, all have a major impact on each company's ability to maintain its pricing structure and business model. In effect this process is pivotal to each company attaining its strategic goals. Traceability also connotes accountability and responsibility, both of which are critical if a bad lot of ingredients are delivered. In the unfortunate event of this occurring the speed of response in tracking the source of the materials to isolating which products and the distributors stocking them are affected is critical. To not have this ability would seriously cripple the reputations and trust of companied who don't have answers to these tough questions when they arise during a product recall.
Quality Management and Market Position
Form Mylan, their quality management strategies, systems and processes are their brand; their quality is their reputation. As a generic drug producers, thee trust grocery chains and mass merchandisers have in them is in effect their marketing. Quality management is the best possible strategy for them to adopt to protect their reputation and keep earning trust, even if they are sold...
The financial health and stability of their entire company is based on the reputation they have for trustworthiness, transparency and quality. In the pharmaceutical industry it would be impossible for the Gulf of Mexico oil spill to occur. And for that reason alone, quality management deserves much attention and focus strategically in organizations serving the public with medications.
References
Christine Connolly. (2007). Sensor trends in processing and packaging of foods and pharmaceuticals. Sensor Review, 27(2), 103.
Peter Enderwick (2009). Avoiding quality fade in Chinese global supply chains: Designing appropriate governance structures. Business Process Management Journal, 15(6), 876-894.
Fiscus, P. (2009). Global Risks for Drug Manufacturers. Risk Management, 56(3), 50-54,3.
Hook, B. (2010, March). Traceability and Scalability: A New Era in Healthcare Logistics Supply Chain Europe, 19(2), 18-19.
Pharma The first thing that needs to be done is to understand how bioavailability helps with patient outcomes. This feature of the product needs to be translated to something concrete. There are two main outcomes of this class of pharmaceuticals. The first is that they reduce hypertension, and the second is that they reduce edema. Hypertension is already a major health issue in the U.S., so it probably has the best
Pharmaceutical industries have to operate in an environment that is highly competitive and subject to a wide variety of internal and external constraints. In recent times, there has been an increasing trend to reduce the cost of operation while competing with other companies that manufacture products that treat similar afflictions and ailments. The complexities in drug research and development and regulations have created an industry that is subject to intense
Strategic Planning & Strategy Formulation Case: Strategic Planning & Strategy Formulation Case Assignment -- Comcast Comcast's Current Strategy Current Event Blog Discussion Question: Strategy Planning and Formulation Case Strategy Implementation & Evaluation Current Event Blog 4 -- Strategy Implementation & Evaluation Discussion Question: Strategy Implementation and Evaluation Reflective Discussion Case: Strategic Planning & Strategy Formulation Case Assignment -- Comcast Comcast's Current Strategy Comcast has developed a current business strategy that is completely focused on the customer. The company has positioned itself at the "intersection
JOHNSON & JOHNSON The Fundamental Analysis of Johnson & Johnson Inc. (J& J, 2005) Economic and Market Analysis Globalization Industry Analysis Company Analysis Brief History of the Company Analysis of Capital Asset Pricing Model Intrinsic Value Valuation Measures Trading Information Competitors Awards & Recognition Our modern business world consists of an extremely competitive global economy where manufactures search for opportunities to strategically reduce costs and increase market share and profitability. Historically, the most often chosen solution for holding down costs was to systematically reduce
Ganga Pharmaceuticals is a multinational Indian corporation that competes in the manufacturing of pharmaceuticals and related research and development with annual revenues of about $285 million. The company features one of the largest biotechnology parks in India and currently employs around 7,000 employees globally. In recent years, Ganga has acquired a number of companies in Europe and the United States, including C-Pharma, which was acquired in 2003 for approximately $17.2
Can Supply Chain Management Practices Influence Customer Satisfaction and LoyaltyTable of ContentsIntroduction 4Literature Review 4Definition of Customer Service 7Before and After 7Types of Customer Service 8Pre/Post-Purchase and Retention/Loyalty 8Interactive Customer Service 9What is the Optimal Mix? 11Identifying Cost-Effective Customer Service Strategies 12Conclusion 13References 15AbstractThis paper identifies the types of customer service and shows how supply chain management practices can influence customer satisfaction and loyalty. Customer service is the process of