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Supply Chain Management in Pharmaceutical Industry by Pearson
book

Supply Chain Management in Pharmaceutical Industry by Pearson

by Avadhut C. Sukhtankar, Sanjiv M. Haldankar,, P. M. Wadekar,, Neel Sharma,, Rajeev P. Patil
April 2024
Intermediate to advanced content levelIntermediate to advanced
998 pages
14h 52m
English
Pearson India
Content preview from Supply Chain Management in Pharmaceutical Industry by Pearson

7.6 STRATEGIC PROCUREMENT OR PURCHASING STRATEGIES

We have studied the Purchase Cycle. We have also studied the rights of Purchasing.

It is now very clear that different items need different focus and attention. The items need to be classified once again to determine the Purchase Strategy for an item or group of items.

7.6.1 Traditional Classification

ABC - Annual consumption value

Uses: Selection of items for Cost reduction/Inventory level reduction/New vendor development

VED - Criticality of stocking

Uses: Adequate stocking/Vendor distribution system/Vendor development/Standardization

FSN – Frequency of receipts and issues

Uses: Warehouse and Retail Stores Layout/Disposals of obsoletes

HML – unit value

Uses: Safety and security/Special storage/Cross ...

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Publisher Resources

ISBN: 9789361597640