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Main Subject - Employee Time Clocks - Enter The Modern World
For decades, businesses and factories monitored the working hours of their employees using time clocks. A p
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
articular favorite was the punch card system, where the employee had to insert their card into the time cloc
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
, so their hours could be stamped on the card. The payroll officer would then collect these cards each week
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
and pay the employees accordingly.
It's a simple system, but unfortunately it's also very easy to cheat.
It's a simple system, but unfortunately it's also very easy to cheat.
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
oe Bloggs is a bit late today? That's okay, John Doe can pop his card in the time clock and nobody will kno
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
w the difference. Most companies have severe penalties in place for employees found faking time clock infor
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
ation, particularly clocking on or off for other employees, but the chances of detecting it have always been
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
small.
Not only is the system open to cheating, it's also very time consuming for the payroll officer. Wi
Not only is the system open to cheating, it's also very time consuming for the payroll officer. Wi
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
h the level of technology and computerization available today, there's no need to manually collate and enter
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
data, with all the possibility of error that entails. Automation can make the whole process much simpler f
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
r everyone involved. It's no longer necessary to manually collect time and attendance data from time cards
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
or attendance sheets.
Most payroll systems that are computer based make it easy to produce paychecks from t
Most payroll systems that are computer based make it easy to produce paychecks from t
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
e attendance data. So if the actual collection of the data is automatic, the process becomes so much simple
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
r, and more accurate. Modern time clocks collect data electronically, and this data can be downloaded direc
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
ly into a payroll software program for collation and production of paychecks.
There are plenty of time cloc
There are plenty of time cloc
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
k systems that process information electronically, so do some research and you're sure to find one that fits
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
your needs. This still doesn't eliminate the possibility of employees cheating the system on behalf of a bu
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ddy, but if you're serious about security, it is possible to get time clocks that require biometric identifi
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
ation of the person signing on or off. They cost a lot more though!
So bring your business into the modern
So bring your business into the modern
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
world, and update your time clock system to an electronic version. Your payroll staff will love you for it
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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