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Main Subject - The Swift Towards Electronic Commerce
A whole new process has been born, and this is not only the result of the technological evolution, but also the result of market and societal factors, which constitute a highly compe 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 titive business environment where the customer has the choice. Electronic Commerce (EC) is the outcome of the fast changes occurring in the telecommunication marketplace, as every co ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in mpany that desires to be a part of the future must try to find ways to renew its offers and produce innovative services while focusing on customer satisfaction. Under this notion, te lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. lecom corporations have to work under increasing pressures to produce more and faster, using fewer resources. Few innovations in human history encompass as many potential benefits a here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe s EC does. The global nature of the technology used, the low cost production, the opportunity to reach hundreds of millions of people with a single effort, the interactive nature of d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro the medium, the variety of possibilities, and the resourcefulness and rapid growth of the supporting infrastructures-especially the Web-result in many potential benefits to organizat 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 ions, individuals and the society in general. These benefits are just starting to materialize in some countries, but they will increase significantly as EC continuous to grow. It is 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 not surprising that some maintain that the EC revolution is just "as profound as the change that came with the industrial revolution." Electronic commerce has a number of benefits. nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically First, EC expands the marketplace to national and international markets. With minimal capital outlay, companies today can easily and quickly locate more customers, find the best supp 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 liers in the industry and the most importantly suitable business partners worldwide. For example, in 1997, Boeing Corporation reported savings of 20% after a request for a proposal t ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi o manufacture a subsystem was posted on the Internet. Second, electronic commerce allows reduced inventories and overhead by facilitating "pull"-type supply chain management. In a pu ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a ll-type system, the process starts from customer orders and uses just-in-time manufacturing. The pull-type processing enables expensive customization of products and services, which dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod provides competitive advantage to its implementers. Other benefits of e-commerce include improved image, improved customer service, new-found business partners, simplified processes, cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin compressed cycle and delivery time, increased productivity, eliminating paperwork, expediting access to information, reduced transportation costs, and increased flexibility. Since tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen the Internet is not owned by anyone and its regulatory authority is still debated, it is considered by many to be the only medium that is still truly free. Therefore, not the same co 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 sts exist, compared to the mediums of radio, television, or publications. Thus, it is possible that EC can act not only as a selling system that management needs to view the advent o ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust f a sales opportunity, but also as the medium with which purchases are made. Telecommunication companies can use the Web in order to directly communicate with resellers and provide t y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products hem with the needed information about the products that have been purchased; which saves both time and expense in terms of the way that enquirers are made and orders placed. At the s . 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 ame time, EC can increase employees' productivity by 100%. Since less time would be spent for filling-in paperwork, employers will spend the extra time to find new customers, increas elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip ing their personal sales volume and direct their efforts in better servicing the already existing customers thus increasing the level of satisfaction and reduce the switching effect. 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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