What’re the problems?

  • Pharmaceutical &allied Industries have highest standard of quality, system, process and operation. They operate in a highly regulated environment governed by cGMP, WHO, Ministry of Health, FDA and others; which leads to inventory generation. Inventory can be in any form such as API, KSM, Intermediate, Packing material, Catalyst, etc.

  • The organization has inventory because of reasons such as.

  1. Drop of project/product /molecule

  2. Trailing quantity of a batch

  3. Surplus or excess quantity

  4. Vendor’s supply or pack size is more than the requirement - informed decision

  5. Non availability of process to address inventory

  6. Restrictions (GMP or others) to address the inventory

  7. Product is made from non-approved vendors or vendor is not able to provide supporting documents

  8. Products easily suitable for other applications like textile, printing, plastic, marble cutting, industrial chemicals.

  9. Product is not meeting the particular specification – such as smell, colour, moisture, solubility, Particle size, physical appearance, contents, purity, assay, etc.

 

  • Industry needs a solution to vital issue of non moving inventory. Moreover, there is financial cost of inventory in terms of storage space, maintaining storage condition, disposal cost and interest of investment.  

   

Nominated for India Pharma Awards 2017 as 'Digital Pharma Innovation' by CPhI India (UBM) at Mumbai in Nov 2017.

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