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Essay / Research Paper Abstract
This 10 page paper is written in two parts. The first 7 pages consider the way that strategic supply chain management may help pharmaceutical companies manage their business and add value. The paper considers the upstream and downstream firms looking at strategies such as creating long term relationships, the value chain and virtual value chain and the use of customer relationship management. The last 3 pages are made up of slides for a PowerPoint presentation of the papers contents. The bibliography cites 6 sources.
Page Count:
10 pages (~225 words per page)
File: TS14_TEpharmsup.rtf
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Unformatted sample text from the term paper:
to realise the associated income if they research and development is successful. Once pharmaceutical developments are released into the market there will be a period of protection while the company
has a patent, but reverse engineering and the desire to obtain some of the market sees even patients have a limited life of less that the patent length as companies
work around patents and developed newer better products. This has led to pharmaceutical companies having some of the most volatile results in the stock market and profits rise and
fall and places a great deal of pressure ion the pharmaceutical companies in order to cut costs in other areas and create value that may help to overcome the potential
losses in lean years as well as create more overall value. The supply chain, upstream and downstream holds potential for the development of strategy in the pharmaceuticals industry. In
managing the supply chain there are many aspects that may be amended or adjusted to create value. The value created is the way in which the value of the raw
materials are increased so that the finished product is worth more than the sum of its parts. This means that the management
of the supply chain, such as using just in time inventory management may add value as it creates lower costs and increases profits. However, strategies such as creating long term
relationships with suppliers can also add value with the assurance of trade decreasing the need for financial uncertainty planning and helping to keep process of inputs down in return for
commitment. We can consider the supply chain in terms of how it may be manipulated in order to add value. Porter described
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