Other
TRL3707 ASSIGNMENT 4 SEMESTER 1 2023
- Institution
- University Of South Africa (Unisa)
A THOROUGH ANALYSIS OF THE PHARMACEUTICAL INDUSTRY ,REFERENCES INCLUDED .PASS GUARANTEED
[Show more]
Content preview
TRL3707ASSIGNMENT 4
SEMESTER 1
2023
, 1.1 Introduction:
The pharmaceutical industry faces numerous challenges in the logistics of delivering drugs
and medicine. One of the major challenges is the timely delivery of drugs and medicine to
patients due to transportation inefficiencies. The case study highlights the challenges faced
by a pharmacy in delivering medication to patients on time. This report will provide guidance
to the pharmacy on the transportation principles of economy of scale and economy of
distance, automated handling systems in adapting to Pharma 4.0, suitable transport modes,
and the fundamental deliverables of a transport management system that lead to timely
delivery and cost optimization.
1.2 Comparison and contrast of the transportation principles of economy of scale and economy
of distance. Illustration of how they create efficient transportation of medicine and drugs
The economy of scale refers to the cost savings achieved by producing and distributing goods
in large quantities. The economy of distance, on the other hand, refers to the cost savings
achieved by reducing the distance traveled during transportation. Both principles are
essential in achieving efficient transportation of medicine and drugs.
In the case of medicine and drug distribution, the economy of scale is achieved by
consolidating shipments from multiple pharmacies to a central warehouse, where they are
sorted and redistributed to individual pharmacies. This process reduces transportation costs
as larger shipments can be transported more efficiently than smaller ones. The economy of
distance is achieved by reducing the distance traveled by using the shortest possible route
and consolidating multiple deliveries to the same area.
For example, a study by Ranganathan et al. (2018) found that implementing a hub-and-spoke
distribution model, which consolidates shipments from multiple pharmacies to a central hub
and then redistributes them to individual pharmacies, resulted in cost savings of up to 20%
compared to direct shipments. This approach also reduced transportation time and improved
delivery reliability.
1.3 Automated handling systems that pharmacies adopt in adapting to Pharma 4.0 in
manufacturing, warehouse and distribution:
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Regal00. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R149,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
53022 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now