MNG3701 Assignment 1 Semester 1 2024

MNG3701 Assignment 1 Semester % TRUSTED workings, explanations and solutions. For assistance call or us on . Dis-Chem – growing stronger and stronger Dis-Chem was founded in 1979 and is considered the pioneer in the discount pharmacy space. What set Dis-Chem apart from other pharmacies at that time, was the wide range of products on offer. The concept of a retail pharmacy was strengthened when, in the 1980s, Dis-Chem began expanding its offering of non-pharmaceutical products. Dis-Chem continued its expansion efforts and by 1997, introduced its own private label line of pharmaceutical products. Up to 2004, Dis-Chem was mostly a Gauteng store and in 2004, the national store rollout commenced with the opening of the first Dis-Chem in Cape Town. The founders, Ivan and Lynette Zaltzman recognised the importance of responsible leadership and established the Dis-Chem Foundation in 2006 – an initiative to support charitable causes in South Africa. Dis-Chem continued its growth trajectory and soon had a strong national footprint and received recognition as one of the anchor stores in new shopping mall developments. In 2014, Dis-Chem was voted the best pharmacy brand by Reader’s Digest South Africa. In the same year, Dis-Chem opened its first store in Windhoek, Namibia. By 2016, Dis-Chem celebrated 100 stores and listed close to 30% of their listed share capital on the 20 Johannesburg Stock Exchange. Dis-Chem expanded its reach after acquiring CJ Distribution, formerly known as CJ Pharmaceuticals. CJ Distribution is a pharmaceutical wholesaler that opened its doors in Delmas, Mpumalanga in 2004. As a wholesale supplier of pharmaceutical products to pharmacies, CJ plays an important role in streamlining the supply chain. Their competitive advantage lies in its extensive distribution network, professional staff and value-added services. They are recognised for personalised service, extensive product lines and several business partnerships. The brainchild of a retail pharmacist who identified a need for a reliable wholesale partner in the supply chain, the formation of the company set the foundation for a disruptive change in the industry. The introduction of Single Exit Pricing (SEP) in 2004 further reinforced the need for a reliable business partner that could support an independent pharmacy’s entire business operation. A venture, which initially embraced the pharmacist and their store, has evolved into the supply of services to a wide number of sectors, including hospitals, doctors, the FMCG market, emergency medical services, specialised medical and veterinary services and clinics. To date, CJ Distributions offers access to over 20 000 product lines and their daily deliveries reach areas as far as Limpopo and Mpumalanga, with most pharmacies receiving same-day delivery services. Building on its brand as a leading pharmacy group in South Africa, Dis-Chem sees itself as a destination discount brand and targets customers in the mid to upper Living Standards Measure categories. By 2018, Dis-Chem acquired a basket of supplements and health brands, in partnership with USN, and introduced the concept of Click and Collect. In 2021, Dis-Chem acquired Baby City for R430 million. At the time, Dis-Chem said the baby products sector aligns with its pharmacy offerings. It sought to expand into the baby market which sees 900 000 babies born annually and expand its products categories to add baby gear such as prams, car seats, clothing, developmental toys, among other essentials, in one specialised destination. Executive director of Dis-Chem, Saul Saltzman, explained that