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Ten Money Saving Tips for Print Managers

Despite their stated desire to realize savings from streamlining the various components associated with the

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

print buying process, it’s been my experience over the years, that many print managers neglect to do some of the easy things that can add up to signif

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

icant cost savings annually. We all know these things, but we don’t always do them. Below are a few tips for saving money on print jobs, which might

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

e old hat to some, but vital to remember.

1.) Check invoices line-by-line—especially when starting out with a subcontractor. If she knows you’re chec

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

king, this will cut down on un-ordered extras, duplications, and so on. ($500-1,000 saved with each invoice with a long-time vendor)

2.) Develop a c

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

eck-off sheet to track jobs. This sheet matches invoices against orders, so that you pay only for what you ordered. It’s simply too easy to forget the

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

details.

3.) Know when to go out to bid. For large-scale, repeat work bid-out every three years at a minimum—more frequently for smaller jobs. ($100

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

000 annual savings in switching prepress vendors)

4.) Are you going to a four-color process when digital will suffice? Consider image choice and posi

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

tioning—if quality won’t be compromised, go with less expensive digital. ($500+ saved on small quantity runs)

5.) Know your postal forms and regulati

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

ns. I once questioned a postal employee (after I had done some research) on the use of a certain form. Turns out, he had suggested the wrong form, and

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

we saved thousands in mailing costs by knowing the rules and asking the question. ($7,000 error caught)

6.) Be cautious about professional service r

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

ecommendations. Rather than take a designer’s recommendation about a printer, I went out to bid, took another printer, got a beautiful job, and saved

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

oads. No one cares for your bottom line like you do. ($6,000 savings on press kit folder)

7.) Is your mail house doing all it can for you? Shop aroun

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

d; compare your current list of services with those offered by others. You may be surprised by what’s out there, I was. ($1,000s saved)

8.) Get your

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

database managers to submit in your preferred software (mine is Excel) for the sake of consistency and saving time and headaches. (Saves on outside ve

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

ndors adding fees to correct data fields)

9.) Use the negotiation process to secure cost savings. When a company is keen to get your work, and they k

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

ow they are competing head-to-head, you can get waivers of fees (such as for delivery), preferential timelines, and so on. (Eliminated three times mon

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

thly delivery charges of between $50-$125)

10.) Know the market, read industry news to keep up on cost-saving technologies. In the last few years, m

.

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

ny Internet and e-commerce companies have emerged to serve the print-buying market. Integrating the right solutions can impact your bottom line immedi

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ately. If you’re not aware of what’s out there, you could be operating at a disadvantage to companies who deploy proven technologies for print buying

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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People talk about metrics, indicators, scorecards and other. Do you know how to measure your business? Do you know what is good indicator and what is bad?

It is important to be able to recognize those areas in your business that may be causing your business to fall short. By recognizing where your business needs help you are better able to focus your attention in the proper places.

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