Want to build a successful marketing and sales team? Read through the blog to know how to do it right. Continue ReadingRead More »
Whilst management and leadership are often viewed as overlapping concepts, are they really overlapping? Is there a difference between the two? Is it that leadership is a form or feature of management and is therefore inseparable?Read More »
Leadership is one of those words that cannot be described as a ‘one size fits all’. Being one of those words that are debated ceaselessly, the literal meaning of the word classically brings forth a wide spectrum of individual opinions that describe an individual’s personality attributes, characteristics and even their behavior. However, irrespective of the arena, organizations flourish with leaders.Read More »
One of the largest continents of the world, Africa, is considered as a beautiful place with various types of animals, trees and many more surprising things. The place is abundant in natural resources; hence different raw materials are easily available for the production of a range of pharmaceutical products.Read More »
Good things can’t last forever. Commerce is constantly changing, with ebbs and flows in revenue a natural part of conducting business activity. Unfortunately for the pharmaceutical industry, one of these low periods has emerged again. Due to an assortment of factors, slow revenue growth appears to be the norm throughout the industry for the next five years.Read More »
Among the many management functions performed in the pharmaceutical trade, few have more of a direct impact than inventory control. Purchasing policies gain a greater amount of attention and it certainly deserves heightened emphasis. However, sound purchasing policies and inventory control are closely intertwined; the one function cannot be effective without the strength of the other. Purchasing requires knowing the right quality and quantity to buy, when to order, at what pricing, and from which suppliers and sources. Inventory is simply the culmination of this buying. Some kind of inventory control system is essential to carry out the purchasing function effectively.Read More »
Supply chain management is unique within every industry. The pharmaceuticals sectors follows suit with varied and complex supply chain operations. With a business heavily dictated by consumer security and production affordability, the pharmaceuticals industry regularly operates on a global scale and with many safety mechanisms.Read More »
The pharmaceutical industry is in some regards not unique from other industries. Pharmaceutical companies design and manufacture commodities that must be sold for a profit in order for the company to survive and grow. Competitive pricing is a key component toward accomplishing this. However, the rising costs incurred by drug companies due to regulation and procurement have made it increasingly difficult to maintain competitive pricing without a detriment in terms of the quality of the product. Steps can be taken through to combat rising costs; the optimization of production operations and the acquisition of more affordable resources will prove vital toward companies operating at a competitive and profitable level.