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A good Point of Sale system (POS) will give your small business many profitable benefits. One of these is the reduction 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

theft. It is estimated that 14% of employees are dishonest. 21% of employees are honest, and 65% of employees would steal if they

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

Examples of combination products may in

aw others stealing without any consequences. A good Point of Sale system will prevent employees from giving away your products to

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

customers. It will also make it easier to identify those employees that are dishonest by documenting and reporting those who are t

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

ying to void or alter kitchen orders or inventory items. A good POS system also makes it easier to see which employees are giving

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

Combination pro

away things without entering them into the system or scanning them for purchase. These techniques and features are estimated to

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

educe theft by approximately 23%. If your employees were stealing $100 per day, you would be looking at saving nearly $8,500
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
b> per year in theft reduction!

Point of Sale systems are also great for tracking gift cards. In the holiday season of 2006, ther
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
was an estimated $80 Billion sold in the US in gift cards. The wonderful thing about them is that 10% of the gift cards were neve
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
r even redeemed. Furthermore, those that did redeem their gift cards, spent an additional 45% while doing so. Point of Sale system
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
make it easy to obtain attractive, catchy gift cards and are estimated to increase your total sales by 2.5%. If your business do
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a
es $500,000 per year in revenue, that equates to an additional $12,500 per year!

A good POS system is estimated to reduce
dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod
ostly, and time consuming errors by around 5%. Many people do not believe their errors to be very costly, and that 5% is not much
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
of a reduction in errors anyhow. Take a restaurant for example. If the restaurant throws away just six $10 plates per day, it lo
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
es $420 per week in food costs. Additionally, it loses the electricity spent on cooking the food and 17.5 hours worth of salary p
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
er week to pay 1 cook if each plate takes 5 minutes to prepare. Assuming the cook makes $7 per hour that amounts to an additional
ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust
$123 per week lost in preparation. These totals account for an additional waste of over $550 per week in food waste. A 5% reduct
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ion in food waste in this instance would save the business approximately $28 a week or $1,450 per year!

If you total up ju
.

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
t these three key advantages of a good Point of Sale system, your business could see a change in its budget totaling over $22,0
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip
00 in one year. These benefits alone more than pay for a good Point of Sale system in a short amount of time. Get yours today

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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Just Other Articles - How To Start Making An Additional $20,000 Per Year With Your Small Business

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