A mid size leading Formulation Company able to bring down both Manufacturing and Distribution cost

Company Profile

Indian’s one of the established Pharmaceutical Formulation companies having 1000+ employees. The company has built business over 30 years and has a strong sales and Distribution network within the business regions it operates.

The company has been a pioneer in India for their technology and expertise in the use of elemental zinc in various dosage forms and in conjunction with other active ingredients.

The vision of the company is to be a Leading manufacturer and distributor among the Branded Formulation Segment within the next 5 years across Asia and Middle East markets.

The company also has ambitious plans to enter the market of herbal medical formulation in specific therapeutic areas by developing formulations based on the Siddha and Ayurveda medical practices.

Business Challenges
Even though the company is in market leadership position in its product segment but still been faced with challenges of maintaining Profit margin due to
  • High distribution cost
  • High Inventories holding up at various stages of Manufacturing & Distribution creating Financial Blocs
  • Write off of expired products
Impact of the above Challenges on the Company
  • High Inventories and High distribution cost has created strain on Fund Management
  • Cost of Production was much higher compared with similar type manufacturing companies hence Product price was higher
  • Loss of Money due to unable to tract near expiry products in distribution chain and unable to get Tax relief
Benefits the Company derived from SpectraSoft
  • Reduction in distribution cost by 10%
  • Procure to pay cycle time reduced by 12%
  • Able to tract almost 100% of near expiry products in distribution chain
Click to download the Corporate Profile....... (425 KB pdf)
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