There are various things that you need to pay attention to when you want to work with a Pharmaceutical Wholesaler.
One of the parties that play an essential role in distributing drugs in the community is the Pharmaceutical Wholesalers or PBF. Medicines or medicinal ingredients are necessities that support public health.
People cannotarbitrarily be selling drugs but must involve parties who have permits and authority. If you want to pursue the pharmaceutical business, reading this article is the right decision.
Also Read: How PBF Works in the Pharmaceutical Sector?
Know What is a Pharmaceutical Wholesaler (PBF)
Drugs or medicinal ingredients are health support products with unique ingredients and are processed using specific processes. Usually, drugs have chemical content, so PBF must monitor the production process not to cause harm.
It does not stop at the production process; the distribution process of drugs and drug ingredients is also inseparable from supervision. In this case, the Pharmaceutical Wholesaler (PBF) is the party that has the permit and authority to run it.
The definition of PBF is a legal entity company that has obtained a permit to carry out procurement, storage, distribution of drugs and drug ingredients in large quantities based on statutory regulations.
Thus, the business activities of a PBF company can run because its existence has obtained a permit according to the laws and regulations. If simplified, PBF is like a drug distributor company.
Pharmaceutical wholesalers can distribute drugs to fellow PBF companies or PBF branches. The company can distribute to other pharmaceutical facilities such as pharmacies, health centers, clinics, hospital pharmacy installations, to drug stores.
If you want to run a business in the pharmaceutical industry, especially selling drugs, cooperating with PBF is a must. With this cooperation, you can get various products at low prices.
Get to know the PBF business pattern if you want to work together
Of course, before collaborating with Pharmaceutical Wholesalers, you must understand how to run the mechanism or business scheme. The PBF business pattern includes the following activities:
1. Procurement and Order
Drug procurement and ordering activities are carried out based on sales tracks, market demand, Pareto to programs created by the marketing division.
In procuring products, PBF needs to determine the level of supply. Determination of collection is based on stock level, buffer stock, reorder point, and lead time.
Pharmaceutical wholesalers also divide procurement activities into three groups: the procurement of regular products, catalogs, Narcotics, Psychotropics, and Precursors (NPP). All of these activities must be carried out by the CDOB rules.
2. Goods Receipt
The following scheme is the stage of receiving goods. The receipt of products must be according to the order. The officer checks the purchase invoice to ensure compliance, which contains data on the supplier, product, batch number, expiration date, condition, and quantity.
3. Goods Storage
Pharmaceutical wholesalers store drugs based on the FEFO (First Expired First Out) principle. You have to distribute the products with the earliest expiration date.
4. Product Order Acceptance
You must make a Letter of Order (SP) to order medicine from PBF. The pharmacist in charge has to sign the SP so that you can serve the orders. To contain narcotics, the SP must be made based on special provisions.
5. Order Delivery
After sending the Order Letter, PBF will send the product you ordered through a shipping service that has collaborated. In this tap, a re-examination must be carried out so that the product received is by the order.
6. Product Payment
Some PBF companies serve product sales based on a credit system. You can order the product and then get a sales invoice. Later, at maturity, the sales clerk will collect the payment.
The community’s need for pharmaceutical products makes this business offer its advantages. To conduct business legally according to the law, make sure to work closely with Pharmaceutical Wholesalers appropriately.
Also Read: Cooperating with Wholesale Drug Supplier Mandira
Read more about health tips and medicine here. You can find a list of medications that we distribute based on our partner medicine production companies on our principal’s page. If you are a medicine manufacturer or retailer who needs cooperation and more information about Mandira as a pharmaceutical distributor, please contact us here.