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E-Procurement is the process of purchasing goods electronically. The various stages of

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

electronic procurement include identifying vendors or suppliers, placing orders and t

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

Examples of combination products may in

he arrival of goods. E-procurement helps to improve the efficiency of the purchase pro

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

ess and decreases the cost involved in traditional purchasing. Most of the paper work

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

is eliminated, thereby cutting the cost and time required reaping benefits often to th

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

Combination pro

tune of millions of dollars.

Studies indicate that a firm can enjoy returns that may

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

measure up to 300% of the initial investment in just three years. The increasing numb

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

r of success stories point to the growing recognition of e-procurement advantages. Thi

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

s indicates an increased optimism towards automation in spite of the slowing down of g

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

obal economy. Some companies have adopted automation at all stages of the supply proce

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

ss to maximize e-procurement benefits.

E-procurement is mostly employed in purchasing

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

Following aspects would a

small and less expensive items such as office stationery. The traditional approach is

dd to the challenges in developing combination products:

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

still preferred for more expensive products such as complex engineering machinery. How

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

ever, companies are increasingly recognizing the benefits of online sourcing. Online g

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

ods procurement helps organizations to sketch out optimized plans for managing the sup

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

ply chain. E-procurement advantages not only include saving money but also the simplif

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

Professional from academic institutions, pharmaceutical industries, health care indust

cation of the whole process. The optimized plans can be communicated quickly to the su

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

ppliers thereby reducing cost and wastages usually involved in the supply chain. The a

.

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

vantages of e-procurement include a reduction of overheads such as purchase agents, ef

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

Companies that provide selfless information through particip

fective control of inventories, and the overall improvement of the manufacturing cycle

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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