Preview

A Research Paper on Difference Between Drugstore Supply Channel of Bangladesh and Other Countries of the World; and the Probable Trend of Channel in Pharmaceutical Industry of Bangladesh

Best Essays
Open Document
Open Document
1975 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
A Research Paper on Difference Between Drugstore Supply Channel of Bangladesh and Other Countries of the World; and the Probable Trend of Channel in Pharmaceutical Industry of Bangladesh
A RESEARCH PAPER ON DIFFERENCE BETWEEN DRUGSTORE SUPPLY CHANNEL OF BANGLADESH AND OTHER COUNTRIES OF THE WORLD; AND THE PROBABLE TREND OF CHANNEL IN PHARMACEUTICAL INDUSTRY OF BANGLADESH

by

B M Javed Bin Gofran
ID 0910829030
MKT450

Prepared for
Md. Shahedur Rahman
Lecturer, North South University
Acknowledgement
It was a great challenge to conduct this research paper on the supply channel of pharmaceutical industry. To be informed about the supply channels of Bangladesh, I took help from Mr. Jamalur Rahman, a senior employee of Square Pharmaceuticals Ltd. I would like to thank him for his generous help. And throughout the semester I gained knowledge about different things regarding the course “Marketing Channels” which also helped me to conduct this research paper. Hence, I would also want to thank my instructor Md. Shahedur Rahman for the guidance.

Abstract
This paper includes the topics related with supply channel of drug stores both of Bangladesh and few other countries. This paper majorly focuses on the total supply channel of pharmaceutical industry of Bangladesh that evolved from a very ordinary and under-developed shape. In here, the process of supplying medicines to the consumers is discussed along with the details of every intermediary of the channel. In addition, the recent trends in the supply channel development of few other countries are also discussed to make a comparison with Bangladesh.

Topic | Page | Introduction | 5 | Supply Channel of Pharmaceutical Industry in Bangladesh | 5-8 | Recent Trends in the Drugstore Channels of Other Countries | 9-11 | Comparison of Bangladesh with Other Countries | 11-12 | Conclusion | 12 |

Introduction
The pharmaceutical industry of Bangladesh is at a matured stage with strong companies like Square, Beximco, Incepta etc. Drug stores have emerged in a good amount as well. Lazz Pharma once was the only good place to buy medicines which is not the current condition of the market.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Unit 29 Task 2 guidance

    • 372 Words
    • 2 Pages

    Distribution channels: availability of products (time, place, quantity); movement of goods from manufacturer to retailer to consumer; distribution channels for different…

    • 372 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    There was a growth of 2% in the sales of retail drug industry of the US. This is because; the retail segment has been growing at a steady pace for the last few years due to the positioning of healthcare products and services in the market (Redman, 2011). The positioning of drug stores in the market is well organized due to the presence of low average ticket, convenient locations, inflation, and flow of pharmacy traffic.…

    • 1293 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    The Prescription drugs industry is one of my national economy important and special industry. It is closely related to people's health and life security, to protect and improve people's health has played a big role. Also, Industry's profit margin is very considerable. On the other hand, Prescription drug is a special kind of products, has a certain sensitivity, for the quality of the products and technology have very strict requirements. Because it is a direct effects on the human body, is closely related to people's health. The particularity of the industry is that ordinary consumers for the quality of the product and generally difficult to recognize and grasp the nature, generally trusted certification authority. Thus, From my perspective,…

    • 126 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Westminster Company

    • 3909 Words
    • 16 Pages

    The results of this paper center on the supply chain and logistical functions of an elite pharmaceutical organization in the United States. Westminster Company retains three separate companies, which produce and distribute individualized or differentiated commodities independently. This paper will discuss the changes being considered within their supply chain structure, which are, the establishing of a solidified warehousing structure, possessing combined shipments to conserve on costs, the incorporation of information technology (IT) to keep up the companies’ inventory using software like enterprise resource planning (ERP), and contain an integrated management supply chain structure. This paper will discuss which methods inside their supply chain that must be centralized, also the methods that must be de-centralized so that the system is maintained efficiently. At the conclusion of this paper it will recommend a strategy for possessing a solidified or consolidated warehouse that will be the most efficient for the organization, the positioning or location of an easily accessible warehouse facility by all of the companies’ manufacturing plants (Bowersox, Closs, & Cooper, 2010).…

    • 3909 Words
    • 16 Pages
    Powerful Essays
  • Best Essays

    52634548 Westminster

    • 2436 Words
    • 9 Pages

    This report focuses on the logistics and supply chain of a prime US pharmaceutical group, Westminster, which owns three companies, manufacturing and distributing differentiated products autonomously. It talks about the proposed changes in their supply chain systems, which are, creation of a consolidated warehousing system, having mixed shipments to save on costs, incorporate IT to maintain its inventory using ERP software, and have an integrated supply chain management system.…

    • 2436 Words
    • 9 Pages
    Best Essays
  • Good Essays

    Retail Pharmacies

    • 4248 Words
    • 17 Pages

    The pharmacy trade in the country generates an estimated business of Rs. 32,000 crore, apart from about Rs. 18,000 added by hospital pharmacies and exports. Almost all the chemists beside selling allopathic medicines also offer OTC and alternate medicines, surgicals, rehabilitation aids and bodycare products like soaps, tooth pastes, hair oils, shampoos, cleansing lotions and neutraceuticals, among others, for sale which according to rough estimates generate an additional turnover of about Rs. 15,000 crore.…

    • 4248 Words
    • 17 Pages
    Good Essays
  • Good Essays

    An issue with the distribution of drugs is that it is more profitable for drug companies to sell the drugs in MEDC’s than LEDC’s. An example of this would be GlaxoSmithKline, as they mainly sell their products in MEDC’s, but in many cases, the countries with…

    • 381 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Distribution Channels

    • 948 Words
    • 4 Pages

    Any product or service in the marketplace utilizes distribution channels to reach its customers. Although the manufacturers and services providers can and do provide their goods and services directly, utilizing distribution channels multiplies the number of goods and services that reach the marketplace (Advameg, Inc, 2011). Therefore, distribution channels can increase market share and profit margins since these distribution channels help the company’s product reach its target segments and enter into new marketplaces (Advameg, Inc., 2011). As they enter into new regions, stores, and the like, manufacturers and service providers can capitalize on these channels and markets by cultivating demand. Yet, the beauty of the distribution channels rests within the ways they free these companies and manufacturers to do what they do best, manufacture products and provide services to meet customer demands. Distribution channels just help these companies reach their goals and satisfy the manufacturers’ and service providers’ customers.…

    • 948 Words
    • 4 Pages
    Good Essays
  • Best Essays

    The second section of the case study focuses on how emerging economies differ in terms of direct and indirect distribution channels with respect to Canada. In terms of extending its products to emerging economies, Dell believes that its direct model is adequate to work in any country. However, some cultural issues need to be assessed prior to implementing its channel model. In terms of indirect distributors, the Indian personal computer (PC) market has revamped its channel relationships to focus on national and regional wholesalers and reducing its use of local wholesalers. The Indian PC wholesalers erred in assuming that distribution to rural parts of the country would succeed. They did not consider the other parts of the marketing mix in their distribution strategy; for example, having a product available in a market will only translate to sales if the…

    • 3026 Words
    • 11 Pages
    Best Essays
  • Satisfactory Essays

    Eli Lilly

    • 340 Words
    • 2 Pages

    A unique aspect of their supply chain is that they have standardized equipment across groups of plants so that each new drug that is developed fits into an establish tool kit. This allows them to boost productivity and efficiency. This commonality in processes enables the critical aspect of supply chain management in that it is linked directly to their demand management.…

    • 340 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    | * Soffell (70 ml) 52 baht; Soffell (70ml) 60 baht * Kor Yor 15 (50 ml) 43 baht * Off lotion (50 ml) 54 baht; Off spray (170ml) 137 baht * Sketoleen (50g) 50 baht * Jaico roll-on(50 ml) 320 baht; Jaiko Spray (75ml) 230 baht * Repel lotion (125 ml) 280 baht; Repel Spray (125ml) 320 baht…

    • 285 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    In this task I am going to explain the process of distributing goods through different channels from the manufacturer to the customers. This report is based on the different distribution channels, which business use to distribute goods to the customer.…

    • 688 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    • Industry is divided based on sales channel and price which are 1) premium brand sold in dept.store and specialized boutiques; 2) the mass-market brands sold in drug stores and supermarkets; 3) the direct sales brands targeted the low-end, mass customer, sold door-to-door…

    • 2337 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    An internship report submitted in partial fulfillment of the requirement for the Degree of Bachelor of Business Administration…

    • 18013 Words
    • 73 Pages
    Powerful Essays
  • Good Essays

    SUPPLY CHAIN SECTOR REPORT ON PHARMACEUTICAL INDUSTRY SRI SRI UNIVERSITY FACULTY OF MANAGEMENT STUDIES (2012-2014) SUBMITTED BY: Shyam Mohankar Priyansh Saxena Mrunalini Negi SUBMITTED TO: Dr.R.K .Padhy Contents 1.0 INTRODUCTION ....................................................................................................................................... 2 PHARMACEUTICAL SUPPLY CHAIN FLOW DIAGRAM ................................................................................ 3 PHARMACEUTICAL INDUSTRY MARKET OVERVIEW .................................................................................…

    • 5251 Words
    • 22 Pages
    Good Essays