A STUDY ON SUPPLY CHAIN PRACTICES IN PHARMACEUTICAL INDUSTRY WITH REFERENCE TO ESSENTIAL DRUGS IN INDIA

Supply Chain Management

Worldwide pharmaceutical companies are working day and night to supply the drugs and medicines to hospitals and retails due to rise in demand of such goods. In India, the essential drugs are consumed at a high rate which keeps its demands always high and to meet such high demand, pharma companies need to have an effective and advanced supply chain which can meet such high demands of every Indian. The ever growing country of 1.3 Billion people need medicines for priority needs in their hands at right quantity and superior quality. The supply chain while providing these needs faces a lot of issues due to socio-economic structure of Indian economy and poor infrastructure facilities. The real problem lies in deciding the right drug to be produced at the right quantity. Quantification of the essential drugs is a task and the new technologies have been developed to make the pharmaceutical supply chain more efficient. The main objective is to reduce the time taken to make the drugs available in the market and also to make sure that there is no wastage or overproduction of drugs while keeping in mind the affordability of the majority of the patients as India is a developing country and is highly prone to becoming victims of drug counterfeit. With gradual development these issues will be resolved as new trends and technologies specially made to provide tailor made solutions to pharma companies are coming up. An overall study about these topics is presented in the paper as it takes into account the study of many past research

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