Business Operations Around the World

Running Business Around the World

Summary based on the article:

Keeping Supply Chains Healthy. Pharmaceutical Technology Europe. Mitchell, A. (2005).

The issue addressed within this article, is the need to reduce the stops and process-hands which product must go through to reach the end customer, thus reducing costs and ultimately giving back time and focus to research and development by the manufacturers of drugs for sustainability and viability of product. The ultimate discussion reviewed the needs which are created therein for finding and utilizing supply chains or third party logistic companies who can take the distribution and product oversight responsibilities away from the manufacturing companies. Through this shift, manufacturers seek highly qualified and diverse logistics options for sustaining their competitive edge. Logistic companies too, create their own sustainability through constant strategic additions of services which provide the manufacturing companies with further assurance of quality supervision and throughput of product. Logistics companies who work in conjunction with pharmaceutical companies go as far as offering clinical trial coordination and execution, combined with front-line distribution and alignment of product with other product on the market, increasing visibility of specific products at all stages of distribution.

The key for both the manufacturing and logistics companies is the speed to cost-savings. Strategic alignment with a company which can produce the most stream-lined process of conversion from manufacturer oversight of all product production and distribution to customers and the reduction of product holding and distribution sites through solid methods of product management, manufacturers stand the chance for sustainability. Any initial mistake in logistics company choice could mean failure to meet the demands which come with generic drug competition. Just as with nature, every product requires sustainability. If...