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Digg It - Logistics Solutions
Logistics solutions include planning, implementing and controlling the functions of inventory, warehous 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 ing, transportation and distribution. It consists of all software systems and activities that enable a ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in ompany to transfer raw materials and finished goods from point A to point B. A fourth-party logistics lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. rovider designs the logistical blueprint of an organization and provides customized computer software. here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe ogistics solutions aim at atomizing the various components of the production, transportation and distri d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro ution. It enables an organization to improve efficiency and cut costs. Inventory management involves t 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 e use of scientific methods and systems such as Last in, First out (LIFO), First in, First out (FIFO), 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 Just in Time (JIT) and Re-order quantity (ROQ). These methods save time, money and reduce spoilage. An nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically fficient transportation system enables the transfer of raw materials to production sites and finished 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 ods to places of consumption. Warehousing automation systems and software enable the smooth flow of goo ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi s going in and out of the warehouse. These functions can also be outsourced to a third party logistics ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a rovider. Logistics solutions are also helping the government to implement projects and provide services dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod across the nation. Service sectors like the aviation industry and the postal department have also star cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin ed using logistics solutions to offer better services to customers. Even smaller organizations such as tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen schools, colleges and NGOs use some form of logistics to function smoothly. The US Army also uses logis 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 ics to enable the movement of men and material. Logistics are also used to distribute relief material a ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust d services during times of natural calamities like floods and earthquakes. As technologies improve, lo y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products istics solutions are likely to become affordable to even smaller organizations. Larger organizations ha . 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 e now become dependent on these systems and even a small error system can harm a whole network. Proper elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip ontrol mechanisms should be installed so that the network is not affected by natural or man-made errors 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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