he last decade has seen increased tab on what doctors can prescribe, instances of chronic diseases increasing, and growing focus on prevention rather than treatment. No doubt, life science is one of those few industries where the true innovator gets the maximum rewards. The industry needs to respond with agile methods which are not just incorporated in its manufacturing capabilities but also with supply chain & logistics, product life cycle management and responsiveness to new measures and protocols within the industry.
The Life Sciences including the Pharmaceuticals, Hospitals, Biotech and Medical Devices industry are faced with the intense pressures of
Achieving faster drug innovation
Devising correct pricing model
Conforming to ever changing regulations
Improving sales & marketing effectiveness
Through dealer management portal & Employee self-service made online, even remote location users are always connected
Based on geography, variable effort estimation & competitor analysis; pricing are calculated closes to the ground figure
Shelf Life Control
Different drugs have different shelf life based on which manufacturing should maintain only as much stock as can be rotated
Since information is a critical factor, management needs to have automatic alerts for every incumbent action points
With very selective target audience for almost every category of product, capturing and retaining them is vital for growth
Capability to cater process of outsourcing, control on process parameters, quality check points & online reporting through NAVCube
In this landscape of constant clutter of news, views and directives; making sense out of the words is what differentiates a growing organization from a struggling one. Prudence has helped some of the leading Pharmaceuticals and Biotech organizations utilize their internal strengths by focusing on the right processes, continuously monitoring the key success parameters, and finding the relevant factors which influence those parameters and aligning them in the right manner.