Product category:
Engineering Industry Reports and Surveys
News Release from: ARC Advisory Group
Edited by the Engineeringtalk Editorial
Team on 06 April 2006
Reports sees evolution in
pharmaceuticals
Report says because of limited capital, equipment and talented human assets, increasing asset use and return on assets is vital to future success and survival for pharmaceutical manufacturing.
Pharmaceutical manufacturing is evolving from a high margin, large volume, make-to-stock, supply-driven operation to a price sensitive, small volume, flexible, make-to-order, personalised, value-driven services operation, according to a report With limited available capital, equipment and talented human assets, increasing asset use and return on assets is becoming vital to future success and survival
This article was originally published on Engineeringtalk on 10 Nov 2004 at 8.00am (UK)
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"The pharmaceutical industry is in rapid transition from a supply-driven market to a demand- and service-driven market where manufacturing efficiency and responsiveness will play a critical role in future success", said Asish Ghosh, author of ARC's Pharmaceutical Industry Automation Worldwide Outlook.
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ARC expects BAS to expand in functionality to fit a broader range of applications from the largest enterprises to more focused methods that can grow in functionality as companies increase investments.
Regulatory requirements in the life sciences and food markets are fuelling significant investments in integrated BAS products.
Companies in the life sciences industries are realising the importance of integrated BAS to meet the requirements of 21 CFR Part 11, the electronic-recordkeeping requirements imposed by the Food and Drug Association in the USA.
Integrated BAS products significantly reduce the cost and time to achieving and maintaining regulatory compliance for manufacturers in the life sciences market.
Key areas of cost savings include reduced project engineering, training, documentation and maintenance costs.
Current manufacturing, regulatory and technology deployment activities are placing additional emphasis on patient safety.
However, the growth of counterfeit and grey market drugs, the recent exposure of a limited drug manufacturing and delivery system capacity, increased regulatory and customer requirements, and an increased number of litigations continue to require deployment of additional technology that is affecting production, business operations and supply chain processes.
These deployments include product authentication, tracking and tracing with barcode and RFID technologies, anti-counterfeit measures in packaging, and product formulation.
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