Development Review

Vol 32, Issue 1, 2023

Supply Chain Management Knowledge and Practices in Pharmaceutical Industries: A Study on Eskayef Bangladesh Ltd

Author(s) : Md. Moniruzzaman

Abstract : 

Supply chain management spans all movement and storage of raw materials, work-in-process inventory and finished goods from point-of-origin (POO) to point-of–consumption (POC). The supply chain function includes many sub-areas such as: forecasting and planning, purchasing and procurement, logistics, operations, inventory management, transportation, warehousing, distribution, customer service etc. Supply chain management (SCM) is the oversight of materials, information and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. The pharmaceutical sector has already been declared as one of the thrust sectors by the government of Bangladesh. Bangladesh has built a strong baseline and going towards the self-sufficiency for the production of medicine. Meanwhile, some companies have started to produce vaccine, insulin, anticancer drugs, etc. Our pharmaceutical industries are successful in domestic market. Now, it‟s the time to grow our international market because we passing golden time getting the opportunity of patent exemption by the TRIPS until 2030. The government should really be attentive to remove all the obstacles and solve all the problems to see pharmaceutical sector as a vital player in international market. The main focus of this study is to analyze the supply chain management knowledge and practices of a renowned pharmaceutical company in Bangladesh namely Eskayef Bangladesh Limited.

Keywords : Supply Chain Management, Pharmaceutical Sector, Procurement

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