Cases - Business

Maintenance management, or equipment asset management, is based on the principle of implementing better a

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

nd reliable practices in a factory or plant. It involves the use of fundamental safeguarding of asset man

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

gement principles. This philosophy is called the results oriented maintenance. They follow other philosop

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

ies such as reliability centered maintenance, total productivity maintenance, total quality management an

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

d six sigma.

There are various firms that provide consultation in the field of maintenance management, k

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

own as management asset firms. They provide consultation to small, medium and large companies in various

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

ountries, worldwide. Management consultants provide training and support that involves Preventive Mainten

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

ance, Condition Monitoring and Maintenance Planning and Scheduling.

Preventive Maintenance is an importa

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

t factor in the implementation of the maintenance management training. It first identifies the gap existi

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

g between practices and the actual performance of the plant. It conveys to the plant what a good conditio

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

monitoring and preventive maintenance program looks like.

The implementation typically starts with trai

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

ning in preventive maintenance and condition training. Then, the consulting firm works with the plant to

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

nstitute the best process. It achieves the implementation of the preventive maintenance program. It is do

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

umented, executed and tracked. They also conduct maintenance seminars and open seminars during the traini

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

ng. These are most effective when they are customized as per the client.

Maintenance Planning and schedu

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

ing of work orders is the nucleus of a well functioning maintenance institute. It is important for all sy

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

tems involved, to work well in order that maintenance planning and scheduling works properly. The equipme

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

nt inspections and work order history conform to preventive maintenance. It is important for maintenance

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

pare part stores to function well.

The training includes the process of setting up, implementing and mea

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

uring a successful program. This is generally the stepping- stone to an improvement process for the plant

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Invoice factoring is also known as accounts receivable factoring. The financial strategy of selling invoices to immediately boost cash flow to an existing business. By effectively eliminating debt and freeing up assets to meet all financial obligations.

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So, rather than competing with companies that have been around for many years and may have greater advertising and financial resources than you have, you will want to dig a little deeper and find a niche that you can focus on while building your business.

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