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Are you opening a dollar store? If your plans include a larger or a higher volume store, then thi

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

nk about merchandise handling and storage before you open your store. Pre-plan so that all of the

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

equipment is in place and ready to use prior to opening. Pre-plan so that the right amount of sp

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

ace has been delegated to back room storage. Insure that back stock storage shelves have been ins

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

alled prior to the excess inventory arriving.

Most entrepreneurs who are opening a dollar store

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

cannot even imagine the volume of merchandise that will be arriving to replenish items that have

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

been sold. For every dollar of sales there will be one new item arriving. For a store with sales

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

of $1,000,000 per year that means 1 million pieces of merchandise will need to be ordered, unload

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

d, received, and placed onto the sales floor or into back stock just to maintain the current inve

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

ntory level. That’s a lot of merchandise handling!

As sales continue to grow the mountains of me

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

rchandise that arrive will continue to grow. Prepare for the onslaught by obtaining the right equ

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

ipment before opening a dollar store. If you will indeed be handling tens of thousands of pieces

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

f merchandise either a forklift (If there is not a loading dock for loading and unloading this is

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

almost mandatory for higher volume stores.) or an electric pallet jack will be required. A manua

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

l pallet jack will pay for itself over and over again if you are receiving merchandise by the pal

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

let load. Hand trucks and wheeled carts will also be required for stocking the sales floor. (Whil

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

many stores simply use shopping carts, the wear and tear on those carts will soon be apparent. R

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

eplacement shopping carts are expensive.)

Take the time to pre-plan for merchandise ordering, ar

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

rival/receiving, stocking and storage. That step will relieve frustrations later as decision must

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

be made about how best to handle the merchandise handling problem.

To Your Dollar Store Success

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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