A case study on lupin limited
Procurement is the acquisition of goods, services or works from an external source. It is favorable that the goods, services or works are appropriate and that they are procured at the best possible cost to meet the needs of the purchaser in terms of quality and quantity, time, and location. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing exposure to fraud and collusion. Procurement systems: Another common procurement issue is the timing of purchases.
Just-in-time is a system of timing the purchases of consumables so as to keep inventory costs low.
Typically a framework agreement setting terms and price is created between a supplier and purchaser, and specific orders are then called-off as required. Procurement life cycle is usually consists of following steps: 1 Identification of need: iris is an internal step for a company that involves understanding of the company needs by establishing a short term strategy ( three to five years) followed by defining the technical direction and requirements. Vendor Development: Vendor Identification: Once the company has answered important questions like: Make-buy, multiple vs.. Single suppliers, then it needs to identify who can provide the required product/service.
There are many sources to search for supplier. Vendor Communication: When one or more suitable suppliers have been identified, requests for quotation, requests for proposals, requests for information or requests for tender may be advertised, or direct contact may be made with the suppliers.
References for product/service quality are consulted, and any requirements for follow-up services including installation, maintenance, and warranty are investigated. 3 Negotiation: Negotiations are undertaken, and price, availability, and customization possibilities are established. Delivery schedules are negotiated, and a contract to acquire the PIPS is completed. 2.
Supplier Liaison: During this phase, the company evaluates the performance to the PIPS and any accompanying service support, as they are consumed. Supplier scorecard is a popular tool for this purpose.
When the PIPS has been consumed or disposed of, the contract expires, or the product or service is to be re-ordered, company experience with the PIPS is reviewed. If the PIPS is to be re- ordered, the company determines whether to consider other suppliers or to continue Ninth the same supplier. 3.
Logistics Management: Supplier preparation, expediting, shipment, delivery, and payment for the PIPS are completed, based on contract terms. Installation and training may also be included. 4. Additional Step – Tender Notification: Some institutions choose to use a notification service in order to raise the competition for the chosen opportunity.
These systems can either be direct from their e-tendering software, or as a re-packaged notification from an external notification company Alternative procurement procedure: There are several alternatives to tendering which are available in formal procurement.
One system which has gained increasing momentum in the construction industry and among developing economies is the Selection in planning process which enables project developers and equipment purchasers to make significant changes to their requirements with relative ease.
Vendor Certification Process Summary Lupine Limited is the 2nd largest Indian pharmacy company by market capitalization the 5th largest generic pharmaceutical company in the US by prescription-led market share Lupine was founded in 1968 by Dry. Des Banned Guppy. Lupine Provide two types of facilities I. E. Formulation Facilities & API Facilities: There are various Business departments in corporate office based at Iambi I.
E Production Planning Department, Materials Department & Inbound Logistics department.
Procurement Process of Raw material plays crucial role for development of Pap’s production There are Five steps namely Identification of need, Vender Development, Negotiation, Supplier Liaison & Logistics Management for Procurement of Raw Material. Active pharmaceutical ingredient (API) is a substance or mixture of substances intended to e used in the manufacture of a drug (medicinal) product and that when used in the production of a drug becomes an active ingredient of the drug product.
API production is a highly sophisticated, technically demanding chemical and biochemical fermentation and/or synthesis process. Lupine has bulk Pap’s manufacturing Plant at Tarpaper which is World’s largest plant for bulk production of Revamping and Pyramided. Revamping or revamping is a bactericidal antibiotic drug of the refinancing group which is used in the treatment of tuberculosis.
Revamping inhibits bacterial DNA-dependent RNA synthesis by inhibiting bacterial DNA- pendent RNA polymerase.
Pyramided (PIZZA) is an antimicrobial agent that is most commonly used for treatment of active tuberculosis (TAB) during the initial phase of therapy in combination with other agents. PIZZA is generally considered to be a biostatistics agent. The process flow of Raw Material Movement is followed for approval/re]section to material at Tarpaper Plant. Deterrent departments are there at rapper plant such as Store Department, Quality Control Department and Quality Assurance Department. Effluent Treatment Plant is also available at Tarpaper for the disposal or recycling of waste products.
