article

Postponement: the solution for biotech packaging

Posted: 14 September 2018 | | No comments yet

Postponement packaging, or late-stage customisation, is the supply chain practice of keeping a product in a standard format for as long as possible, only making it market specific – or even customer specific – at the moment demand arises.

postponement

THIS form of packaging has the potential to allow drug firms to supply products more efficiently and respond effectively to variable market demand. This article outlines how adopting postponement packaging could benefit the pharmaceutical industry, including catering for increasingly complex products, such as biotech drugs.

The postponement principle

The idea behind implementing a postponement strategy is to enable drug manufacturers to react quickly to changes in the market. In keeping products market-agnostic until there is a specific market requirement, companies can lower working capital by reducing their finished goods inventory. They can also avoid the waste produced by repackaging products that have previously been prepared for another market or in compliance with a regulation that has since been updated.

Rather than finalising a product and moving it to its relevant country, the product can be partially prepared and then stored in a centrally located warehouse until such time as it’s required. At this point, it can be tailored accordingly and shipped in days or even hours.

The rest of this content is restricted - login or subscribe free to access

european pharmaceutical review 4 2018Thank you for visiting our website. To access this content in full you'll need to login. It's completely free to subscribe, and in less than a minute you can continue reading. If you've already subscribed, great - just login.

Why subscribe? Join our growing community of thousands of industry professionals and gain access to:

  • bi-monthly issues in print and/or digital format
  • case studies, whitepapers, webinars and industry-leading content
  • breaking news and features
  • our extensive online archive of thousands of articles and years of past issues
  • ...And it's all free!

Click here to Subscribe today Login here

 

Related topics

Send this to a friend