Review and Evaluate Supply Chain - Inova Pharmaceuticals Pty Ltd.
Evaluate and Monitor the company’s Transport Performance - inova Pharmaceuticals pty ltd.
Unit: TLIL1907C/TLlL2007C Implement and Monitor Transport Logistic/Develop and Maintain Operational procedures for Transport and Logistics Enterprises-
Teacher: Bob Day
Prepared by: Ravisanthiran Shanmugarajah
Date: 13 June 2012
To: CEO, inova pharmaceuticals Pty Ltd
Introduction
iNova Pharmaceuticals(Australia ) Pty Limited, develops and markets over-the-counter and prescription medicines. The product portfolio includes in-licensed and in-house developed drugs in the areas of weight management, pain management, allergy, sexual health, dermatology, cardiology and respiratory health. the company offers its products through a network of wholesale distributors, as well sales and marketing partners in Australasia, the Asia-Pacific, South Africa, the Americas, and internationally. iNova Pharmaceuticals Pty Ltd was formerly a subsidiary of 3M Co.
The competitive strategy of the company is to improve human health and well-being by providing valued pharmaceutical products and services, to be recognised as a trusted and respected leader in their chosen healthcare segment, with sustainable growth it wants to doubles it business every five years.
iNova is an intermittent process manufacturing company and it has 17 production lines working 24 hours per day for 6 days per week throughout the year. So elaborate planning and control over the production is crucial for meeting customer deadlines as well as for better inventory management. The inventories in iNova consist of supplies, raw materials, components, in-process goods and finished goods. It is necessary for it to holds some inventory for protection against unanticipated or unplanned occurrences.
The strategic goal of the company is to double the business in every 5 years through new products (research and development) and dedicated marketing resources for new as well as for existing products. This leads to increase in
Unit: TLIL1907C/TLlL2007C Implement and Monitor Transport Logistic/Develop and Maintain Operational procedures for Transport and Logistics Enterprises-
Teacher: Bob Day
Prepared by: Ravisanthiran Shanmugarajah
Date: 13 June 2012
To: CEO, inova pharmaceuticals Pty Ltd
Introduction
iNova Pharmaceuticals(Australia ) Pty Limited, develops and markets over-the-counter and prescription medicines. The product portfolio includes in-licensed and in-house developed drugs in the areas of weight management, pain management, allergy, sexual health, dermatology, cardiology and respiratory health. the company offers its products through a network of wholesale distributors, as well sales and marketing partners in Australasia, the Asia-Pacific, South Africa, the Americas, and internationally. iNova Pharmaceuticals Pty Ltd was formerly a subsidiary of 3M Co.
The competitive strategy of the company is to improve human health and well-being by providing valued pharmaceutical products and services, to be recognised as a trusted and respected leader in their chosen healthcare segment, with sustainable growth it wants to doubles it business every five years.
iNova is an intermittent process manufacturing company and it has 17 production lines working 24 hours per day for 6 days per week throughout the year. So elaborate planning and control over the production is crucial for meeting customer deadlines as well as for better inventory management. The inventories in iNova consist of supplies, raw materials, components, in-process goods and finished goods. It is necessary for it to holds some inventory for protection against unanticipated or unplanned occurrences.
The strategic goal of the company is to double the business in every 5 years through new products (research and development) and dedicated marketing resources for new as well as for existing products. This leads to increase in
References: 1. Supply Chain Management , Sunil Chopra, Peter Meindl, Fourth Edition, Pearson/Prentice Hall; ISBN 13: 978-0-13-609451-1 (2010) 2. http://tpu.bluemountains.net/unit-display.php?recordID=20028&s=TDT02 3. http://www.vtpi.org/tdm/tdm123.htm 4. http://tpu.bluemountains.net/unit-display.php 5. Bloomberg, D.J, Murray,A., Banna,J.B. 1998, The Management of Integrated Logistics, Prentice Hall, Sydney, ISBN0 7248 0672 5 6. Stock, J.R.,Lambert, D.M., 2001, Strategic Logistics Management,4th Edition, McGraw-Hill, Australia, ISBN 0 256 13687 4 7. http://www.aussiefast.com.au/