A drug and its sustainability with an appropriate and ethical identity

All pharmaceutical companies follow the guidelines and protocols set by FDA (Food and drug administration). The life science supply chain management plays an important role in selecting a good drug supplier who maintains its ethical company values. There’s no contradiction that in the pharmaceutical industry, good supplier selection is critical. It’s a shifting objective, with rising outsourcing patterns, cost pressures, tight deadlines, worldwide marketplaces, and very apparent quality-related consequences. Drug supplier selection is very vital for the smooth run of the drug supply chain. One of the most important activities in supplier chain management is supplier selection, which is linked to the flow of goods and services from the raw material supplier to the final customer.

Why is drug supplier selection needed?

When it comes to choosing an appropriate provider, there are several factors to consider. However, due to the diversity of strategies among industries addressing the supply chain regarding product characteristics, it would not be suitable to recommend. In some cases, it would not be possible to consider all of the factors when making a final decision. It is essential to set a platform of selection of suppliers, few basic things to be pondered.

• Choosing a proper drug supplier who can fulfill all the criteria as per the clients’ demand.
• Another thing to keep in mind is that, as a multiple criteria decision-making (MCDM) problem, supplier selection would be influenced by several qualitative and quantitatively contradicting elements.
• The approach and adaptability of the supplier should be considered.
  Another important aspect of the life cycle cost is under which product cost, payment terms, and delivery cost are measured.
• In the service criteria, the supplier’s customer relationship management and after-sales services come.
• Last but not least, the profile of the suppliers matters a lot. Financial status, organizational structure, technical ability, management, facilities, past supply records, ISO certifications 14001(environmental management system certification), certification of GMP (good manufacturing practice), OHSAS ( occupational health and safety management system certification), and finally, the overall labor skills and their product experiences in the same supply field.

The drug supplier selection is very skillfully made, which help to get a loyal customer base in the pharmaceutical industry. However, it is obvious to check every minute aspect, but sometimes proper accreditation is missing. Local and international expertise, established reputation, reliable delivery, and reasonable cost make a supplier attract and grab many steadfast clients. The unique skills and ethical qualities in the criteria of selection of the supplier make it the best in the fast-growing market.