Main Subject - Business

Are you opening a dollar store? If so, than an effective cost cutting strategy can be to red

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

uce the labor associated with merchandise display. This can be accomplished by knowing the s

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

Examples of combination products may in

ales volume of the different departments in your store. Even better is to know not only the

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

ales volumes of the departments, but also key products within those departments.

Develop an

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

d follow stocking and display practices that match sales volume in your store when opening a

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

Combination pro

dollar store. Be sure that you match the amount of labor that you invest in stocking and di

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

playing merchandise to what is required to maximize sales. Remember that in some cases just

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

having products on display will result in sales while in other cases there will be the need

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

to maximize exposure to achieve desired sales levels.

If you are opening a dollar store rem

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

mber that striping should be the standard display practice for most of the store. Striping,

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

which is displaying of merchandise from the top of your fixtures to the bottom all in a stra

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

Following aspects would a

ight line, is very effective for meeting the shopping needs of most dollar store shoppers. A

dd to the challenges in developing combination products:

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

l but the highest sales volume merchandise should be displayed in this manner.

On the other

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

hand bulk display should be practiced in high-volume areas where you do not plan to maintai

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

n high inventory levels. Bulk display is simply placing all of one item together on a single

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

shelf. When opening a dollar store using bulk display is a means of significantly reducing l

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

Professional from academic institutions, pharmaceutical industries, health care indust

abor. Areas where bulk displays should be used include cleaners, paper goods, food and snack

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

s, some health and beauty items and others.

If you are opening a dollar store remember that

.

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

time is money to your business. Remember that you can save labor cost by using striping and

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

Companies that provide selfless information through particip

bulk display strategies properly in your store. Give it a try!

To Your Dollar Store Success

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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