Useful Advices - Business

There are two ways to obtain floor mats for your place of business. You can rent them from a janitorial supply and service business or you can purchase them outright. Osten

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

sibly, the most cost-efficient method is to purchase your mats. However, there can be extenuating circumstances that lead you to consider renting your mats.

If you rent yo

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ur mats, a good service will provide a clean fresh mat upon pickup of the old. This may be once or twice a week. The rental will seem inexpensive-typically a few dollars pe

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

mat per week. If your business contracts all its janitorial services, this could be the most efficient means of providing clean floor mats for all your entrances and aisle

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

ways.

However, if you own a business such as a restaurant, hotel or office building where you hire your own staff to perform janitorial services, you should consider the

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

urchase of your floor mats. Realize that any time you ‘rent’ a product, even a floor mat, you must pay a sufficient price to the renting company to purchase and care for th

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

e mat-plus make a profit. This only makes sense. If you hire employees with cleaning responsibilities, it is more cost-effective to purchase your floor mats and add them to

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

the clean up list of duties for your janitorial staff.

As an example, suppose you own five restaurants. Each restaurant needs two entrance mats, two catch all floor mats a

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

djacent to self-service drink stations or salad bars, and two commercial kitchen floor mats. Let’s say these are each 3’x5’ mats which rent for around $5 per week. Over the

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

course of a year you will pay $7,800 for the five restaurants in mat rental services. The entrance floor mats and catch all floor mats run approximately $45 each, if purcha

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

sed outright. The commercial kitchen floor mats run about $65 each. To purchase the same mats costs you $1,550. The cleaning of the mats can be performed by your janitorial

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

staff as part of their daily work duties. Extensive cleaning due to inclement weather conditions can be performed weekly during off-hours. Let’s say this adds ten minutes

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

day to your employee’s time-that’s 40 hours a year. Assuming a $10/hour pay rate, you will pay an extra $400 to add mat cleaning to your daily janitorial service duties. T

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

he total cost your first year of ownership is about $2000. But the savings explode after this…

Realize that if you purchase nitrile rubber-backed mats, the mats will typic

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

lly last 5-7 years in high traffic situations. Assuming $400 recurring janitorial time each year, over the course of five years your total cost of ownership is $3600

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

. The cost to rent these mats over five years is $39,000! Ownership of your floor mats saves you over $35,000 during the five year period. That represents

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

savings of over 90%! These numbers are typical. Most businesses fail to make these types of calculations when considering their custodial services. I mean, they are ju

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

st floor mats!

There are businesses with good reasons to rent floor mats. If you already outsource all your custodial services, you may want to rent the mats from the serv

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

ce as well. However, even in these cases, you should consider whether to purchase your mats and add them to the cleaning duties of your service contract. If your employees

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

already handle the cleanup responsibilities in your business, you should definitely consider the purchase of floor mats over renting the same products from a rental service

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Useful Advices - Floor Mats for Your Business: Rent or Purchase?

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