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Pharmaceutical Purchasing

Procurement process in pharma industry is a specialized professional activity that needs a combination of skills, knowledge, and experience. It's essential, therefore, that staff in key procurement and distribution positions be well trained and highly motivated, with the capability to manage the procurement process effectively. Drug Procurement Process plays a vital role in management of health. Procurement process in pharma industry is part of the management cycle of drugs. This goes hand in hand with selection of drugs, storage and distribution/supply, quantification of drug needs. Pharmaceutical purchasing starts with the framing of buying policies and ends with receiving, stocking, and payment.

It includes the application of special skills and knowledge from both the professional and legal viewpoints. The purchasing agent in drug procurement process issues purchase orders, maintains purchase orders, follows up on delayed orders, initiates competitive bidding procedures, gets quotations from specified sources. The process usually used by pharmaceutical purchasing organizations to contract for multisource pharmaceuticals and a strategic approach should be followed with proper procedures and measures.


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Pharmaceutical Purchasing Products