procurement of pharmaceutical products

Discuss How to Organize & Manage The Procurement System 6. 1.1 All the processes involved in the procurement of Pharmaceutical products shall be under the direct control of the Chief Pharmacist (or nominated deputy), who shall ensure that all statutory and professional requirements are complied with. We support our clients, national pharmaceutical companies and international pharmaceutical groups, in their global procurement, achieving transparency across the entire supply chain. They did not only identify these potentials but they supported us in the implementation phase with a great professionalism.“, Nick Gerrard, CFO, MID Essex Hospital Services NHS Trust, „INVERTO’s market and product knowledge have been invaluable in helping the Trust deliver substantial cost savings in a short space of time. The overall package of tender preparation, service provider workshops and rounds of negotiations at top management level has raised our hosting landscape to a new level of price performance. We take these results as a benchmark, so you know where you stand within the industry and where there is potential for optimization. falsified pharmaceutical products and reduce the risk of subsequent deterioration, thereby potentially reducing the incidence of product complaints and recalls, financial losses, and most important, the risk of harming patients’ health. Our many years of experience mean that we not only know the technical and product-specific challenges you face, we also know the solutions. Through tendering total demand across all sites, standardization and the implementation of specialized suppliers, the procurement conditions for folding boxes, labels and instructions were considerably improved. has increased by about 140% as compared to that of 2003 E.C. Case study: Packaging optimization for a medium-sized company The strategic orientation of packaging procurement significantly lowered production costs at a traditional pharmaceutical company. Practical guidelines on pharmaceutical procurement for countries with small procurement agencies. Specifically, individuals involved in pharmaceutical procurement must determine, accredit, and monitor appropriate supply sources; evaluate suppliers’ performance; choose a buying strategy or approach; monitor drug deliver y; assess clinical and use outcomes; … The close involvement of employees in this structured tender process is an additional bonus, and something which will benefit us in years to come.“, Siniša Mitrović, mag.oec., Managing director, Styria Tiskara Zagreb, „Due to the flexibility of the team, we managed to receive additional offers from suppliers and hence increase competition between existing suppliers. Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process.. Procurement generally involves making buying decisions under conditions of scarcity. (‎2002)‎. Public procurement of medicinal products and medical devices by the Ministry of Health of Ukraine faced a number of issues for many years. Countries may provide a fast-track registration process for certain types of drugs (life-saving drugs, unique drugs for which no alternatives exist, or well-established generics). Other Elements of UNDP’s Procurement Architecture. On average, we have achieved 15% savings for our pharmaceutical industry clients. of pharmaceutical procurement policies. In addition to the options describe in previous sections of the Manual, that enable procurement of pharmaceuticals and other health products to meet the needs of Global Fund grants implemented by UNDP, UNDP has developed a number of complementary bespoke supply systems of interest to requesting units. It is intended as a resource document for those individuals working in the NHS who do not have a background in medicines and pharmaceutical products and services We determine your current supply chain performance based on a set of criteria, placing particular focus on supply chain integration, using IT solutions to analyse your overarching strategy and the interlinking of the planning process, quality of cooperation and process support. Food and Health Bureau (2013) Procurement and Supply of Pharmaceutical Products in Public and Private Medical Sectors. It includes an overview of arrangements for NHS England, NHS Scotland, NHS Wales and HSC Northern Ireland. Environmental and Social Policies for Projects. OBJECTIVES: 1. Review Procurement Cycle 2. At the same time, the significant financial resources and the number of players involved in pharmaceutical procurement makes the process susceptible to corrupt practices. 1 Directive 2004/17/EC of 31 March 2004 coordinating the procurement procedures of entities operating in the water, energy, transport and postal services sectors, O.J. This conceals indirect spend costs amounting to approximately 16% of turnover. Procurement Transformation – What really matters: A precise understanding of future success factors. Case study: Media procurement by a manufacturer of generic drugs We made savings of around 18% on the media procurement of a German generic drug manufacturer,while increasing the quality of service. „INVERTO conducted a detailed analysis of our international processes, and by introducing a new strategic approach for our procurement, it achieved substantial efficiency gains.“, Patrick Juhl, Head of Procurement, Seven Seas, „As a result of the central procurement organization implemented by INVERTO, as well as the pooling of demands, we were able to make double-digit percentage savings.“, Thomas Pfeiffer, Head of Product Development at willhaben.at, „Together with INVERTO, we have achieved a result that we did not think possible at the beginning of the project. Procurement and Supply Management of Pharmaceuticals and other Health Products. Discuss factors influencing drug prices & total costs briefly 3. with the professionalization of the procurement organization and accompanied the supplier negotiations for various products and services. In the last years, transport of sensitive pharmaceuticals has moved away from the more simplistic notion of cold chain, with the conventional meaning of a temperature interval between 2-8°C, to the wider aspect of temperature-controlled transport, which include a range of different temperature intervals. For regular news on Procurement & SCM topics and information on events or INVERTO itself follow us at: I accept the privacy notice and agree to the processing of my personal data. Manila, Philippines: World Health Organization. Government regulations to reduce costs in the health care sector affect businesses of all sizes, from corporate groups to medium-sized businesses. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. They have the ability to talk the clinicians language, optimise the procurement process and deliver a result the trust could not have achieved itself.“, Bart Stubbe, Vice President of Purchasing LINPAC Group, „INVERTO are assisting LINPAC since early 2008 in transitioning from a decentralised to a category purchasing structure, bringing sourcing expertise, skilled resources, technology and methodology to recognise, create and release value to the company.“, +49 221 485 687 0 +49 221 485 687 140 contact@inverto.com All locations Approach, https://www.inverto.com/en/expertise/pharmaceutical-industry/. Through centralization of our former pick-up locations in Croatia and Bosnia-Herzegovina we managed to reduce the operational work for our employees. INVERTO succeeded in getting the most out of the media budget by implementing a multi-stage process with clients’ employees from the marketing and procurement departments. With our supply chain performance check, you will know where you stand in virtually no time. In a short quick scan analysis, we go through your procurement data, conduct interviews with departments and buyers and evaluate your procurement processes. INVERTO oversaw the analysis of the procurement organization, concept development and implementation, right up to monitoring the quantitative targets. The pharmaceutical industry has been experiencing profound changes for years, with mergers and acquisitions dominating the industry. GOOD PHARMACEUTICAL PROCUREMENT PRACTICES by FOLA TAYO. Give Overview of Procurement Methods 4. Leadership ... We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Furthermore, this centralization led to a huge additional revenue from our waste paper business. IHRPP, the International Procurement Platform. pharmaceuticals distributed by the Agency in 2009 E.C. Digital procurement: find the right solutions with the Digital Solution Navigator. INVERTO took over project management and supported operational implementation up to effective delivery. Essential criteria to make an objective, qualitative assessment of agencies were pharmaceutical expertise and the range of services offered. We will show you where this potential is in your procurement organization. This conceals indirect spend costs amounting to approximately 16% of turnover. The subsequent sections analyze in further detail the procurement of in-patent and off- Pharmaceutical Products Lesson Name: Course Introduction Page 1 Welcome to this course on Procurement and Supply Management, or PSM, of Pharmaceutical Products. 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