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Point of sale (POS) systems have become part and parcel of every business venture: restaurants, retail

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

outlets, supermarkets, bars, online shopping, mobile payments, or even touch-screen information systems

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

. Businesses still using manual cash registers and account books will be far behind in the race for pro

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

fits. Electronic management of inventory and sales has become essential for survival in the modern comp

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

terized world. Budgets and profits have to be recorded error free and be easily accessible for proper b

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

usiness planning. Getting a POS system is indeed the need of the hour.

POS systems basically cater to

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

the retail and hospitality sector with hardware and software cut to their specific needs. Systems for t

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

he retail industry will speed up cash transactions and standardize inventory and pricing, but the hospi

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

ality software and restaurant POS have a completely different set of needs. For example, handheld syste

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

ms and touch-screen ordering can take a food order directly to the kitchen via computer, thus reducing

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

the error management and saving time. And a supermarket will have all products carefully bar-coded and

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

linked to customer accounts, taxes and discounts.

Since the needs of each of these vendors are so vari

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

d and so unique, software for each is also different. Hence, vendors first set up minimum required hard

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

ware like cash drawers and automated bill printers. This is supported by software that acts as the inte

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

rface between the physical devices and the computer operating systems. Once the basic POS system is ins

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

talled, vendors move on to more advanced systems that are cut to the specific needs of their particular

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

fields of operation.

Hardware and software for POS systems are standardized under OPOS and JavaPOS tha

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

t set device standards for integrating hardware into Windows and Java respectively. This standardizatio

.

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

n takes care of the different, but unique needs of each POS user without compromising on device standar

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ds. UnifiedPOS develops system-independent device interfaces that are then mapped into Windows and Java

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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Author Christine Arena is the former managing director of Boston-based integrated marketing firm Polese Clancy. In this interview, she provides advice on what organizations can do to meet their corporate responsibility goals.

Where do you see your business going? This article looks at how a furniture business has developed thanks to the philosophy of its founder, and how you could help your own business make more money by changing the way you think.

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