supply chain management strategies for cost efficiency

Publication Type: Edited Book

Book Name: Efficient Cost Reduction Strategies in Pharmaceutical and Cosmetic Packaging Solutions
Authors: Vijay Nath, Dr. Ravikant Gupta, Dr. Sudha Vengurlekar, Dr. Sachin Kumar Jain
Keywords: Supply chain management, strategies, consumer demand
Area/Stream: Management / Marketing / Other
Published in: IIP Series
Volume: 4, Month:June,Year:2025
Page No.: 78-82
e-ISBN: 978-93-7020-150-7
DOI/Link: https://www.doi.org/10.58532/nbennurECRS6

Abstract:

In pharmaceutical company due to inadequate transportation infrastructure supply chain management (SCM) activities account for one-third of the revenue for pharmaceutical companies. A pharmaceutical company's supply chain can save operating costs, increase shareholder value, enhance assets, more effectively satisfy consumer demand, and produce a profit. The difficulties with SCM strategies are identified by applying Goldratt's theory of constraints. Reducing supply chain risk has the potential to have a positive impact on society by lowering product prices for consumers, raising stakeholder satisfaction, and raising living standards.

Cite this: Vijay Nath, Dr. Ravikant Gupta, Dr. Sudha Vengurlekar, Dr. Sachin Kumar Jain,"SUPPLY CHAIN MANAGEMENT STRATEGIES FOR COST EFFICIENCY", Efficient Cost Reduction Strategies in Pharmaceutical and Cosmetic Packaging Solutions,IIP Series, Volume 4, June, 2025, Page no.78-82, e-ISBN: 978-93-7020-150-7, DOI/Link: https://www.doi.org/10.58532/nbennurECRS6

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SUPPLY CHAIN MANAGEMENT STRATEGIES FOR COST EFFICIENCY

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