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Digg It - Can a Service Be a Commodity
Well Enron dealt with this a little for instance an intangible such as the available bandwidth in fiber optic lines. So what is a co
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
mmodity in a service business? Well, a commodity could be considered are capacity to wash cars for a mobile car wash business like t
; 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
e company I own, the additionally created capacity coming from increased efficiency in studying production rates. In a service busin
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ss, increased efficiencies will allow more time to do more work and thus make more profits from additional work.
Our biggest custom
Our biggest custom
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
rs sign contracts with us to clean cars, concrete, fleets, etc. by signing the contracts with us in advance, what they are able to d
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
is the guarantee that we will do their job first, no matter how busy we get or no matter how much in demand we are to other potenti
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
al clients. Service Contracts could in fact be commoditized too you see, just like Enron had decided it could do with excess bandwid
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
h in fiber optic lines or timber futures for new home builders. The excess capacity for washing cars could be the capacity of our un
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ts to wash cars in advance directly to the general public after those important pre-scheduled and contracted fleets produce. By usin
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
prepaid carwash cards we can sell carwashes in advance to our customers at a predetermined price. We guarantee we will deliver thos
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
carwashes even enough the relative price of carwashes go up due to the demand that occurs both from seasonality, changing demograph
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
ics and that change in more sunnier weather (which makes our phone ring off the hook).
Our customers are able to lock in the price
Our customers are able to lock in the price
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
f a carwash, or many carwashes, or a contract for our capacity to wash cars. Like Starbucks we are smart, we are constantly improvin
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
our capacity to wash more cars, while we eliminate other market players by bundling services, providing better services, afford bet
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
er equipment, better marketing dollars or lower prices to the customer who signs up in advance. With these contracts in hand any com
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
any can use those against bank loans for influx of capital for expansion, those who sell their products and yes, services too will b
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
e able to better judge their future obligations and needs. Those who buy the contracts can also have their costs known and locked in
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
Those who trade on the float and provide a system for doing this also tend to assist the system by risking their monies on their pe
.
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
ceived future possibilities of price fluctuations in that market.
So in fact a service, which becomes a commodity stabilizes prices
So in fact a service, which becomes a commodity stabilizes prices
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
promotes efficiency and allows customers to lock in guaranteed deliver and price and that is a good thing, think about it Enron did
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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