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Just Other Articles - What You Need To Know About Logistics
Logistics is a method of managing scarce resources. The need for logistics was initially felt during
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
World War I and II. At that time, it only involved maintaining a constant supply of men and material
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
uring battles. Logistics has developed into a completely different branch of management and a lot of
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
esearch has already been carried out on the subject.
The main components of logistics include invent
The main components of logistics include invent
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
ry management using scientific methods, warehousing, transportation and distribution. The main purpos
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
is to enable the movement of goods and services, from the point of production or origin to the place
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
of consumption, at the least possible cost.
The total business generated by the logistics industry i
The total business generated by the logistics industry i
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
the United States is about $ 700 billion. It is also the second largest employer of college graduate
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
. The growth in information technology has enabled the creation of software systems that automaticall
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
process relevant data and help in deciding a future course of action. An organization can manage log
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
stics systems and functions on its own or can employ a third party logistics provider, depending on t
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
he need. These third party companies generally perform the warehousing, transportation, and distribut
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
on functions of the manufacturer.
Almost every type of organization uses some form of logistics to i
Almost every type of organization uses some form of logistics to i
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
prove operational efficiency and reduce costs. In today’s globalised world, suppliers, manufacturers
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
nd customers are spread far and wide. Increased competition has forced companies to cut costs and imp
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
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
ove profitability. Implementing logistical systems and solutions within the organization help them ac
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ieve this.
The implementation and maintenance of logistics is costly. Around 30 % of every sales dol
The implementation and maintenance of logistics is costly. Around 30 % of every sales dol
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ar generated goes towards the cost of logistics. Small and medium sized companies should select a sys
.
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
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
em of logistics that is economical. For transportation and logistics companies, understanding and eff
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
ctively dealing with exceptional circumstances is the key to driving excess costs out of the business
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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