Useful Advices - Business

Creating an internal MRO virtual warehouse (or Corporate MRO Catalog) allows a multi-site corporation to leverage its assets across the entire organization

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

and deliver value for inventory parts.

With a Corporate Catalog, a company is able to have a single view of all corporate data. Consolidating parts acros

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

Examples of combination products may in

s the company into a “virtual” warehouse becomes a powerful tool for the organization. Total inventory can be viewed to determine volume usage, part equiv

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

alences, common suppliers, price variations, etc.

To further increase volume purchases and reduce pricing, product lines can be selected and mandated, the

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

supplier base can be consolidated, and Preferred Supplier programs can be put in place.

Let me illustrate with a case study example. A multi-site pulp &

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

Combination pro

paper manufacturer with eleven locations had envisioned creating a corporate catalog for several years. But they never got beyond the just talking stage.

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

It sounded fine in theory, but whenever they tried planning the implementation, without a single system in place, it seemed to be an impossible task.

The

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

n, at a trade show, they were introduced to a data cleansing company and the path became clear. The foundation for any corporate catalog is a standard dat

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

a layout and a single numbering schema.

Through data scrubbing, standardization and enhancement, data from each plant was normalized, independent of the s

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

ystem in which it resided. Within the normalized data, a company nomenclature was established.

A corporate item numbering schema was introduced to act as

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

an alias to each site’s current item numbers. That way maintenance tradespeople could continue to use item numbers that were familiar, but at the same tim

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

Following aspects would a

e corporate supply chain people could consolidate item information across sites.

The results speak for themselves. The company now has a corporate catalo

dd to the challenges in developing combination products:

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

g of MRO items; duplicate items were removed from each site’s internal Stores inventory; excess active inventory was identified for use through attrition a

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

nd/or for return to the vendor for credit; both Suppliers and product lines were consolidated for further volume-based savings and; sites located in close

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

proximity to each other now share common critical spare parts.

These initiatives generated real cash savings and they were only achievable through the cre

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

tion of the Corporate Catalog. Now all eleven sites can begin to operate as a single entity; they have a virtual warehouse as far as MRO inventory is conce

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

Professional from academic institutions, pharmaceutical industries, health care indust

rned.

To date, six of the eleven sites have been completed and included into the Corporate Catalog. Each has realized approximately one-half million in s

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

avings, proving that the endeavour more than justifies itself.

To maintain the data integrity of the MRO corporate catalog (and each site’s catalog), the

.

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

company has decided to out-source its on-going Catalog Management needs to the data cleanser. It’s a true partnership relationship.

A Corporate MRO Catal

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

Companies that provide selfless information through particip

og (or virtual warehouse) is a powerful tool that allows a corporation to leverage assets and optimize inventory for the benefit of the entire organization

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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