08-02-2016, 03:41 PM
1. Introduction
1.1 Project Name
RFID Implementation in Cosmos Pharmaceuticals
1.2 Project Team
The team consists of basically
1) Steering committee: The members of this particular committee include Project Director,Executive Sponsor, Customer representative and Customer Decision maker.
2) Project Manager
3) Consultants
4) Technical members.
5) Change managers
6) Operations team which include people like inventory manager
7) Financial Consultant
1.3 Project Description
This project is about implementation of RFID (Radio Frequency Identification) in Cosmos Pharmaceuticals Industry.The problem that has plagued Pharmaceutical industry for so long is its own product. The pharmaceutical industry has always been fighting a battle with product recall logistics,
product returns due to overstocking or expiry and counterfeit products. Patient safety is also
an issue with packages being designed for the marketplace rather than the patient. Prescription packages can be hard to read and even harder to open. There is also the added threat that patients are not taking the proper dose of their prescription and can be causing even more harm.
Radio Frequency Identification (RFID) is the solution to all these problems. This project aims at creating RFID units that can talk to patients, record when a medication is taken, and where in the supply-chain a medication might be in case of a recall
2. Background
2.1 The Industry
The Indian pharmaceutical industry is currently topmost amongst India's science-based Industries, having wide ranging capabilities in the complex field of drug manufacture and technology. The Indian pharmaceutical industry is estimated to be worth $ 4.5 billion and is growing rapidly the rate of 8 to 9 percent annually. It ranks very high amongst all the third world countries, in terms of technology, quality and the vast range of medicines that are manufactured. Its products range from simple headache pills to sophisticated antibiotics and complex cardiac compounds.
The Indian pharmaceutical sector is highly fragmented with more than 20,000 registered units, severe price competition and government price control. The Pharmaceutical industry in India meets around 70% of the country's demand for bulk drugs, drug intermediates, pharmaceutical formulations, chemicals, tablets, capsules, orals and injectibles.
2.2 Current Scenario
Cosmos Pharmaceuticals is one of the largest pharmaceutical companies in India. It is an integrated, research based, international pharmaceutical company, producing a wide range of quality, affordable generic medicines, trusted by healthcare professionals and patients across geographies. Cosmos today has a presence in 23 of the top 25 pharmaceutical markets of the world. The company has a global footprint in 43 countries, world-class manufacturing facilities in 8 countries and serves customers in over 125 countries.
For the year 2011, the company recorded Global Sales of US $ 2.1 Billion. The company has a balanced mix of revenues from emerging and developed markets that contribute 47% and 46% respectively. In 2011, North America, the company's largest market contributed sales of US $ 791 Million, Europe contributing US $ 297 Million and Asia clocking sales of US $ 503 Million.