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    Procurement Practices in The Local and Multinational Pharmaceuticals

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    Aamir Rz
    The document discusses procurement practices in local and multinational pharmaceutical companies. It aims to compare practices between the two sectors and identify gaps. The literature review covers past studies that found slow communication, emphasis on price over quality, and potential for data mining and e-commerce to improve practices. The methodology describes a qualitative study using interviews of personnel from six companies, three local and three multinational, to explore their current procurement procedures. Data analysis identifies best practices like knowing suppliers, developing supplier capabilities, and information sharing. Future work could involve more companies and studying e-procurement practices.

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    Procurement Practices in The Local and Multinational Pharmaceuticals

    Uploaded by

    Aamir Rz
    51 views14 pages
    The document discusses procurement practices in local and multinational pharmaceutical companies. It aims to compare practices between the two sectors and identify gaps. The literature review covers past studies that found slow communication, emphasis on price over quality, and potential for data mining and e-commerce to improve practices. The methodology describes a qualitative study using interviews of personnel from six companies, three local and three multinational, to explore their current procurement procedures. Data analysis identifies best practices like knowing suppliers, developing supplier capabilities, and information sharing. Future work could involve more companies and studying e-procurement practices.

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    The document discusses procurement practices in local and multinational pharmaceutical companies. It aims to compare practices between the two sectors and identify gaps. The literature review covers past studies that found slow communication, emphasis on price over quality, and potential for data mining and e-commerce to improve practices. The methodology describes a qualitative study using interviews of personnel from six companies, three local and three multinational, to explore their current procurement procedures. Data analysis identifies best practices like knowing suppliers, developing supplier capabilities, and information sharing. Future work could involve more companies and studying e-procurement practices.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    51 views14 pages

    Procurement Practices in The Local and Multinational Pharmaceuticals

    Uploaded by

    Aamir Rz
    The document discusses procurement practices in local and multinational pharmaceutical companies. It aims to compare practices between the two sectors and identify gaps. The literature review covers past studies that found slow communication, emphasis on price over quality, and potential for data mining and e-commerce to improve practices. The methodology describes a qualitative study using interviews of personnel from six companies, three local and three multinational, to explore their current procurement procedures. Data analysis identifies best practices like knowing suppliers, developing supplier capabilities, and information sharing. Future work could involve more companies and studying e-procurement practices.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 14

    Procurement Practices in the Local and Multinational Pharmaceuticals

    Introduction
    Procurement is the method to come by the material to construct goods. It is favorable that the goods/services are appropriate and that they are procured at the best possible cost to meet the needs of the purchaser in terms of quality and quantity, time

    Problem Statement
    Many studies have been conducted in order to determine the procurement practices in the pharmaceutical sector. The past studies revealed that the companies do purchasing with slow communication process and the company emphasis on the purchasing price not on the quality. In Pakistan with best of my knowledge no such study is conducted to identify the best practices in pharmaceuticals, so the current study is attempt to fulfill the best practices via increase communications and to focus on long-term relationships rather than on a single transaction base.

    Objective
    To compare the local and multinational pharmaceuticals procurement practices, and to know their current procedures and practices on which these two sectors are working.

    Scope of the study


    An organization key success is to overcome customer pain points, for which company uses its resources to deliver quality products to customers. So it is to identify the gap in local and multinational pharmaceuticals to help managers and students by providing them valuable work.

    Literature Review
    Author Piotrowicz and Irani Year 2010 Work To sustain the connection with suppliers Methadolgy Case study investigation Results Become more productive through the e procurement Conclusion supplier evaluation become easier, IT generates visibility Use of SOP`s, purchasing from licensed suppliers

    Patel and Norris

    2008

    Substandard medicines contribute to poor health

    Qualitative

    Poor raw material leads to poor finished goods

    Literature Review
    Author Ranjan Year 2008 Work Data mining useful in pharmaceutical Methadolgy Research from reports Results Data mining helps in decision making Helps to generate visibility Recommendati on Useful in improving quality and delivery methods Remain up to date with the technological advancements

    Cullen and Taylor

    2009

    Use of e-commerce in buying

    Qualitative

    Literature Review
    Author Wang and Hwang Year 2010 Work Practices that lead downturn in pharmaceuticals Methadolgy Results Case study Corrupt practices investigation lead to poor finished goods and hedge price risk Case study Use of technological advancement helps to make the supply chain easier to manage Recommenda tion Bring the visibility in supply chain

    Smart

    2009

    Procurement method useful for business

    Use those technologies that are common among suppliers.

    Methodology
    Research Approach

    Qualitative research Research Purpose Exploratory research Research Design phenomenology Data Source Interviews of the personnel of pharmaceuticals

    Methodology
    Target Population local and the international pharmaceutical Sample Size six companies, three are local and three are multinational

    Data Analysis
    Know your Suppliers Turn Supplier Rivalry into competition Supervise your Suppliers Develop Technical Suppliers Capabilities Share information intensively but selectively

    Data Analysis
    Search suppliers on financial aspects Conduct Joint Improvement Activities
    CCC21 (Cost competitiveness for 21st century) CCFOT (Customer case fill on time)

    Future Work
    Future work should be on more number of pharmaceuticals Should involve the e procurement to know more about the pharmaceuticals

    Thank You

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