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What we covered in Part I:

In Most organizations, travel and entertainment (T&E) expenses are often overlooked as insignificant or inevitable. Because of that, they do not immediately c

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

ome to mind in the context of traditional supply chains.

Understanding Expenses

Many leading global companies with the most sophisticated ERP systems can provide detail such as the ex

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

Examples of combination products may in

act quantity, location and price of the smallest component of a commodity in their products supply chain.

The Power of EMA

As is true with any automated process, EMA is about enhancin

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

g collaboration, streamlining processes, controlling costs, and enhancing the information exchange within and across organizational boundaries.

Part II:

Functions of Expense Managem

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

nt Automation

Expense Management Automation (EMA) improves expense policy compliance by examining expense items for designed compliance issues. It proactively identifies expenses with miss

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

Combination pro

ing information, flag out-of-line expenses, and let organizations configure policy compliance specific to company rules.

In addition, EMA solution providers such as iEmployee, ADP, Gelco, and

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

others include features such as automatic workflow and approval processes that accept credit card purchase feeds, as well as disbursement of payments to different accounts, payment notification

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

s, currency conversion, reporting, and data security. Employees can prove what they spent without receipts because any or all company charge credit card transactions from online bills added to

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

xpense reports. Employees also need to add out-of-pocket cash expenses and issued a tracking number. The employees put a number on an envelope, send the receipt to accounting, which then marks

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

off receipts received, and approve expenses.

Making Decisions

When choosing an EMA solution, one needs to decide among Web-Based, client/Server, and/or outsourcing models. While each o

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

f these options has unique benefits, the selection criteria vary from one organization to another.

iEmployee, for example is a Web-Based Solution provider offering a 100% Web-Based Expense man

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

Following aspects would a

agement solution along with time and attendance and HR/Benefits. All the functions (timesheet, HR/benefits, time off, expense management, overtime calculation, etc.) within iEmployee come in a

dd to the challenges in developing combination products:

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

ingle package with a single user interface and a common database to avoid duplicate entries and improve ease of use. All needed is an internet connection and browser. Users can access iEmployee

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

at any time, anywhere in the world.

ADP provides expense management solution using client/server technology. ADP offers an integrated expense solution with other functions such as time and at

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

tendance, payroll and HR/Benefits. While ADP offers a complete solution, each of these packages are different solutions with different databases and a different look and feel. This approach cou

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

ld be useful for companies with a strong IT background and enough IT staff to manage it.

Gelco, on other hand, has a different approach to its expense management solution. Gelco provides compl

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

Professional from academic institutions, pharmaceutical industries, health care indust

te outsourcing of expense management which not just software but the work force to handle the expenses. This approach could be more useful for large companies that wish to outsource the entire

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

expense management function.

EMA yields Quick ROI

Whatever options chosen; in today economic environment, EMA is a viable means for companies to achieve their bottom-line goals. Deploy

.

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

ing a Web-Based, client/server or outsourced expense management system allow companies to eliminate paperwork inefficiencies. EMA solutions provide policy compliance and approval mechanisms th

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

Companies that provide selfless information through particip

at are missing in some of today have most sophisticated ERP systems. Best of all, some of the Web-Based solutions require no IT or implementation investment, and ROI can be realized immediately

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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Several success stories have emanated from the lean manufacturing initiatives. Although some organizations were not able to sustain the success after a few years, many others kept building on the initial success through continual improvements in processes. Discussed below are the keys to lean manufacturing success that were common for most of the success stories:

Last month we looked at the first step in how to naturally profit from your expertise: packaging your knowledge into articles and talks. Done right, you’ll exponentially multiply the number of motivated, pre-qualified prospects you reach in a fraction of the time that networking and referrals require.

Once considered an unacceptable option to the career-minded, underemployment has become increasingly common as more professionals find themselves out of work for extended periods of time. You need a job and the optimum one is not on the horizon. The key is to be flexible. Taking a step down doesn't have the negative impact on one's career that it used to have. Nor does changing jobs with regular frequency. Climbing back up the career ladder is commonplace in today’s volatile employment market.

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