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Digg It - Employee Time Tracking
Time tracking is the act of tracing out the time spent on each activity in a particular period of time. With so mu
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
ch pressure on time these days, time tracking and management has become absolutely necessary. Though time tracking
; 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
was initially just a method for keeping track of the way employees use their time, today it is a major program th
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
at is used for several other things like: payroll processing, employee productivity, revenue management, client ma
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
agement, invoicing, database management and project management.
Employee time tracking was first done using simpl
Employee time tracking was first done using simpl
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
e time cards or punch cards. Employees had to punch in their cards, when they came in or out, into a machine that
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
would record the time. The timings were later copied onto spreadsheets and analyzed manually to determine how much
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
time an employee spent in the office. This simple mechanism was sufficient in the days when there was not too much
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
stress on the productivity of employees. However, with technological diversions like the Internet, e-mails, and p
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
hones, it has become very important to track the exact time the employee spends working. Besides, some enterprises
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
have thousands of employees located at different locations across the world, working in different time zones, whic
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
h make employee time tracking even more important. There are several advantages of employee time tracking: it make
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
s payroll processing easier by tracking the exact hours an employee worked, increases revenues by correct invoicin
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
g, and makes database management easier. There are also some disadvantages: employees do not appreciate it they fe
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
l too much pressure for showing results for every minute; or the information may not be used properly.
Today, the
Today, the
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
re are hundreds of employee time tracking programs and software packages available. These not only make tracking,
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
but also billing, payroll, project costing and estimation easier. Besides, they can track the employee’s use of ti
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
e in the absence of the supervisor. Employees located even thousands of miles away can be tracked using this softw
.
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
are. These software programs can be downloaded easily onto any platform and used either offline or online. They ca
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
n also be customized to suit exact requirements. Information about this software can be obtained over the internet
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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