Premium Essay

Pharmaceutical Supply Chain

In: Business and Management

Submitted By marcuz
Words 1453
Pages 6
INTRODUCTION:
GX International, Inc. has survived the fierce and cut-throat competition in the pharmaceutical industry for more than 20 years, it has withstood the test of time by embodying the vision of its founder which is to provide an option for Filipinos to have quality medicine at an affordable price.
The supply chain department (known as the production department of GXI) has played an integral role in achieving the goal of continuously providing the lowest cost and sufficient supply of quality medicines through the years of GX’s existence.
Through the constant effort of the supply chain officer to reduce the costs of materials, GX was able to maintain the selling price of its products for 12 years, until a significant change in the members of the top management and their ideals took over.
The supply chain department and the company itself is at the verge of being out-dated by other companies through technological advancements, and its failure to adhere and adopt to the global standards and methods of supply chain management is placing the fate of the company in a very alarming situation.
PROJECT NAME:
The Implementation and Practice of Global Supply Chain Standards and Methodologies for a Filipino Pharmaceutical Company.
DESCRIPTION OF THE PROJECT:
The lack of knowledge on the global standards and methodologies in supply chain management, procrastination, and the lack of interest of the management to develop and adopt a more suitable and stable supply chain practice and strategy are the key factors that hinder the growth of the company. The efforts to expand will all go to waste and will only add unnecessary expenditures.
Though the past 20 years for GXI has been a “lucky and fruitful” journey, a drastic change must now take place by strengthening the supply chain management functions and fully utilizing and adopting technological advancements and

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