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  • Main Subject - Looking for Ways to Improve the Bottom Line? Think Print!

    If this sounds ridiculous to you then chances are you really should read this article.

    Fact is that print is one of the biggest areas of unregulated expense within an organization. In fact, most companies ignore expenses associated with pr
    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
    inting. This typically results in un-metered costs, escalating waste and increased obsolescence from this business necessity. Just like any resource area, an audit will help you identify areas that can be optimized and improved.

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

    Examples of combination products may in
    u Start?

    Companies can begin to streamline their printing expenses by enlisting the help of an organization skilled in corporate printing audits. Printing audits involve examining historical consumption patterns, direct and indirect costs
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    associated with storage and distribution, obsolescence due to changing business environments, attrition, and advances in technology.

    Why Should You Schedule An Enterprise Print Audit?

    Such activities are useful to determine what can be br
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    ught in-house, what can be templated for print-on-demand activities, what should be warehoused, and what can be eliminated. Establishing a corporate print business plan empowers the enterprise by:

    1. Reducing up-front expenses by redirecti
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    ng inventories to a service provider willing to facilitate pay-as-you-go print services

    2. Delivering real-time reporting on seasonal and departmental consumption patterns

    3. Anticipating shortages in printed forms and marketing literatur
    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
    e

    4. Improving operational efficiencies by enabling existing personnel to focus on more important tasks.

    What Does A Print Audit Cost?

    It depends on who you ask. Large consulting organizations may charge thousands of dollars to conduct a
    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
    n assessment. But many consulting organizations also lack the industry specific skills to make recommendations or substitutions. They also may charge to build systems that are not currently in place to help monitor and control future consum
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    tion, warehousing and distribution.

    Print service providers, on the other hand, will often conduct an audit with no upfront cost in order to gain the subsequent opportunity inherent to the organization. This makes sense: it’s a win-win sol
    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
    ution for both the printer and the company. During the audit process, the printer will prepare a cost-estimate to produce existing inventories. This cost-estimate will give the company a cost benchmark, and both organizations can agree on w
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    hat a reasonable improvement might be within a given period of time.

    What Does A Winning Solution Look Like?

    Once implemented, an enterprise print solution might encompass any or all of the following optimization strategies:

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

    Following aspects would a
    regional warehousing of print items close to specific markets. This reduces shipping costs and compresses turnaround times to get business- and mission-critical documents to those who need it.

    o Online inventory tracking systems to report
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    n consumption by various department or regions. These systems also help control stocks. For example, if one branch is low on sales brochures, and another is overburdened with supply, the two locations can re-allocate their materials accordi
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    ngly instead of unnecessarily ordering more. This also results in less waste because of spoilage because of mishandling or neglectful storage.

    o Print-On-Demand can be used to help fulfill urgent needs caused by expansion, training require
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    ments and seasonality. Things like business cards, stationery, and courseware can be customized very quickly once a corporate style-guide detailing fonts, logos and colors are supplied to the printing company. This results in less waste bec
    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
    ause you only produce what is necessary at the time.

    o Document grouping can help leverage savings derived from volume print jobs. Instead of printing a large quantity of one item, you can print smaller amounts of everything at the same ti
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    e and still get a similar savings benefit. This also results in less waste because of spoilage because of stale-dating.

    o All regions can benefit from a consistent look-and-feel to all marketing and sales material, delivering a unified ima
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    ge no matter where you operate.

    o Cash-flows are improved because items in inventory with the printer are only paid for as they are consumed.

    Where Can I Go To Get A Free Print Audit For My Organization?

    The Data Group of Companies speci
    .

    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
    alizes in preparing winning solutions for many of North America’s best-known companies. With over 9700 customers including The Bank Of Montreal, ADP, Petro-Canada, Shell, Overwaitea Food Group, Save-On Foods, Translink, BC Lottery Corporati
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    on, and many others, we are well equipped to handle your printing and communication requirements. The Data Group of Companies has over 20 manufacturing and warehousing facilities across the country designed to produce high-quality solutions


    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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