This topic contains a solution. Click here to go to the answer

Author Question: The Pharmaceutical industry has been challenged in recent years. It is still an important part of ... (Read 84 times)

abarnes

  • Hero Member
  • *****
  • Posts: 556
The Pharmaceutical industry has been challenged in recent years. It is still an important part of the economy but it needs to make changes in its supply chains and related activities to be more competitive and financially viable in the 21st century. Discuss three of those changes.

Question 2

ABC Company has several product models within its product line. The company charges different prices, which can reflect different __________ functionality.
 a. product
  b. place
  c. promotion
  d. aberrant



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ultraflyy23

  • Sr. Member
  • ****
  • Posts: 312
Answer to Question 1

There is a glaring need for managing their supply chains more efficiently and effectively along with better execution. Discussion with key executives noted a need to change their strategy from a push approach to a pull strategy. The push approach has led to overstocks of some SKU's and stock-outs of others with consequent higher inventory costs and perhaps lost sales. There is also a need for their supply chains to be more responsive to demand signals in a timely manner.

Another needed change is more collaboration with suppliers, customers, and logistics service providers. In the past, Pharmaceutical companies could essentially dictate and control what happened in their supply chains. Participants in the supply chain were usually not considered to be partners or needed collaborators. Valuable information and potential innovations were probably squandered along the way. As has been pointed out in recent years, supply chain collaborators and partners often provide half or more of the innovative changes that lowered cost and/or improved service.

Another need is for improved information flow and management as well as more visibility along the supply chain. This is a necessary ingredient for improved decisions in logistics and transportation. Too frequently, data has been incomplete or incorrect resulting in higher cost and/or ineffective customer service. Timely and accurate Information flow is important and is a necessary part of improving Pharmaceutical supply chains and the financial viability of the industry.

Answer to Question 2

a




abarnes

  • Member
  • Posts: 556
Reply 2 on: Jun 28, 2018
Thanks for the timely response, appreciate it


bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Gracias!

 

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

For a complete list of videos, visit our video library