Improving a Supply Chain Management in Pharma Industry

Reorders are placed at the time of review (T), and the safety stock that must be reordered is:

In the San Diego distribution center (DC) information flow example, dealers not being notified automatically of order status would be classified as

Westminster Company has a long, rich tradition of being one of the biggest healthcare supply businesses in the world. They developed from a simple pharmacy supplier into an expanded, diverse variety of healthcare products to satisfy customer requirements. Westminster has operated in the United States (US) as three separate entities under one company that differ in location, size, and products produced. These three entities are individually operated and have no centralized management. In recent years, Westminster has observed the changing market and competition related to supply chains. In response, Westminster has conducted surveys and research over the past couple months that found some of the major issues that need to be addressed, to better serve their customers. As a result, they have sought solutions to adapt to these necessities in order to remain a solvent, competitive organization. The customers that make up the largest portion of sales (80/20 rule) are the mass merchants. These mass merchants are expected to continue growing during the upcoming decades. Therefore, it is imperative for Westminster Co. to ensure that they are able to properly serve the mass merchants’ requirements, while still being able to maintain customer requirements of non-mass merchants. The purpose of this paper is to evaluate Westminster’s current traditional supply chain practices and integrate solutions that will target efficient use of company resources while building stronger

Supply Chain Management is essential to successful movement of goods through a supply network. Many supply chains involves multiple processes and service providers. Most businesses operate in a just-in-time environment, managers must develop efficient, and cost effective ways of moving goods through the process to prevent loss revenue. Maria Hannah, Owner of The Clean Dog Pet Grooming Company provides pet grooming servicing and manufacturing of pet garments. This paper will examine Ms. Hannah’s responses to the Supply Chain questions as it relates to the business.

Introduction: Economic downturn in Healthcare sector has given renewed importance to supply chain management in healthcare industry. Supply chain management has great effects on hospital organizations. On papers Supply chain accounts for 30 to 40% in healthcare industry but that is only if we consider just the cost of goods under the supply chain , instead if we look at factors like cost of inventory , cost of procuring and other costs associated with the different supplies such as engineering , food services , nurses and engineering , also the time spent on activities related to supply chain management then supply chain in actual holds for 50% or more .As per one of the CEO from

Westminster Company is one of the largest manufacturers of consumer health products, based in US. Their distinctive name and company logo are recognized throughout the world. Westminster was originally founded as a family-owned pharmaceutical supply business in 1923, the company has expanded, by virtue of aggressive new product development, into a global provider of health care consumer products. It consumes three wholly owned subsidiaries, manufacturing grocery product, drugs, and mass merchandise. Intense rivalry in the market, and distresses of having an effective supply chain, made the company evaluate its supply chain and logistics. The primary focus of its research was the key clients of the three companies. To understand logistics the company must first know what logistics is and how it works. Logistics is defined as a business planning framework for the management of material, service, information and capital flows (Logistics World , 2014). Logistics is an important function of the business and without a proper logistics system, all the manufacturing, marketing and other activities would fail, overall resulting with the company failing to reach its full potential. After thoroughly analyzing the case study of, Westminster Company, to improve their current logistic strategy, they would need to implement the following strategies: developing and analyzing a new system to focus on strategic effort to ship their products in a timelier, efficient and in a more accurate

Supply Chain Management (SCM) represents the end to end value chain of a business from production to after-sales service. According to Schulz, a well-managed supply chain should be market focused, stating that the supply chain should strongly represent the market needs and “what solutions consumers are looking for, not the product we are trying to sell them”. However is the philosophy of SCM merely just a new supply chain thinking approach to older existing SCM practice? For example, Quality Management which is deeply rooted in the concept of SCM although not in self-new, has evolved over time, and is based upon the concept of having total commitment to everyone is the supply chain to deliver quality service/products to both the internal and

The supply chain management basically involves processes and activities which are involved in the planning, organising, controlling and implementing the cost effective flow of goods from the point of origin to the point of consumption. The whole process will have different players like the supplier, manufacturer, distributor, retailers and the customers themselves as the end point of consumption. The supply chain has changed drastically over the years. This days they are very global in nature. Involving various complex interactions and flow of goods, data and funds between companies which are situated in different countries and continents. Even though the companies are spread across the world the manufacturing plants generally follow a similar structure which normally comprises of the suppliers, manufacturing plants, distributors, retailers, inbound and outbound logistics providers. There were a lot of challenges which arose because of the

This report has been prepared to analyze the supply chain management process, design and planning of this particular Domino’s location. Theoretical parts have been used to evaluate the company’s supply chain process in terms of its product and service offering. This report also focuses on the daily operations of this franchise. The focus has been placed on the daily operations processes of the Dominos store located on lakeshore Blvd. (w), Toronto, ON. This report is a result of team research, case study analysis, a store visit, interviews and insights from Dominos existing employees, application of theoretical concepts, models and prior experience. This study shows how Dominos has been able to position itself as a market leader in its segment. Finding various aspects of the company’s processes, provides as an token of appreciation to the company’s efforts to continuously grow in the changing market conditions by taking new product design into consideration and being innovative against its competition.

Commodities like oil, gas, etc. have volatile prices thus making procurement in the market difficult.

Supply Chain Management has significantly evolved in recent time with the new technology that is now available for organizations. With the creation of new systems and enhanced technologies, organizations have been given the opportunity to improve their operations with new Supply Chain Management systems by having access to the tools necessary to understand issues in their supply chain and look for opportunities to become more efficient while minimizing costs and keeping their customers happy. Supply Chain Management is a systematic and strategic function within an organization that works cross functionally amongst the different departments from the creation of a service or product to the end consumer. This report

4. In a service supply chain, the (explicit) cost of information is higher than in a product

It has been two decades since the internal operations are consistently streamlined, manufacturing support up, quality of the products are generally enhanced, the expenses of assembling are consistently decreased yet now the organizations are presently concentrating on the reducing of logistics by mean of putting right supply chain methodologies for the excellence of organizations (Mangaladurai & Nemati, 2013). According Mangaladurai and Nemati European companies are spending between 5% to the highest ratio of 15% of the total budget of the company. In the United States, companies have used more than $ 670 billion on the supply chain related activities during the year 1993 which was the 10.5% of the aggregate GDP.

Supply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these materials in to intermediate and finished products and distribution of these products to the customers. Supply chain Management (SCM) is the management of flow of information, products and services across a network of customers, organization and supply chain enterprises. It incorporates the development and capacity of raw materials, work-in-progress of stock, and finished products from purpose of origin to purpose of utilization. Interconnected or interlinked systems, channels and hub organizations are included in the vision of items and services required by end users in a supply chain. Supply

As a brief description of the subject in the study, the life cycle of logistics can also be maximized through establishing effective management organizing efforts to maintain a certain company’s operational structure that will avoid or prevent errors and mismanagement that can take place within the corporation. In this case, the 360 degree logistics can be found when there will be a capital expenditure that will be carried out to fund materials and human resources that will be helping to manufacture product. As soon as the product will be made and distributed to the market, there will be an exchange of commodity