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Babar Medicine Company
Babar Medicine Company
Bahawalpur
ROLL NO: 01
BahawalNagarCampus,BahawalNagar
Babar Medicine Company, Bahawalnagar
Abstract
Introduction
Last few years of the Pakistan economy; have endured a great deal because of bad
economic conditions and furthermore because of the war against terrorism. And the
economy likewise observed the residential expansion, slow financial development
and significant downgrading of the rupee against the major currencies. Many
developing countries are placing emphasis on building up their pharmaceutical
industry and think of it as a vital aspect for settling issues of access to medicines, self
sufficiency and the generation of revenue through exports.
Before the overview of the BMC, let us see the situation on the global basis. The
global market for pharmaceuticals reached $1.2 trillion in 2018, up $100 billion
from 2017, according to the Global Use of Medicines report from the IQVIA
Institute for Human Data Science. The United States was the largest
pharmaceutical market in 2018, generating a 40.4 percent share of total revenues
worldwide. China established itself as the second-largest market with a sales share
of 11.1 percent and the rest of the world has 48.5% of the total world
Pharmaceutical market.
Multinational Companies:
National Companies:
WERRICK PHARMASOTICS
MOCTER
BOSCH
Mission
We aim to be more than just another Distributer. We are a resource for citizens to
use in improving their health outcomes and we offer a complete continuum of
care not limited to the fulfillment of medicine supplies.
History
BMC was founded on 19th Oct, 1973. It was established in Bahawalpur by three
member team. Later on company opened more branches of BMC at different
cities of Pakistan.
Bahawalnagar branch was opened in July 1998. Kashif Sajjad Sheikh is the owner
of the Bahawalnagar branch. They started working as a manager in the
branch.Later on they hired a team of management persons. Firstly they started in a
small house in Bahawalnagar with storeroom and managements area under a
single roof.
“As the population of Pakistan is growing time by time and the usage of
different medicines is increasing because of many dieses, the sales of medicines
is increasing time by time.”
MBC provide services under major companies with a specific margin from the
company. The major purpose of the success of a distribution company is their
better services. Distribution Companies performance majorly depends on their
staff, warehouse, logistics and managements. Revenue of BMC bahawalnagar
depends on their sales as company provide about 3 to 4 percent to their
branches. BMC provide their supplies only to those medical stores which have
medical licenses.
Discussion Questions
Challenges
There are also some challenges for MBC to overcome for the success of
the company
Inventory Management:
Inventory management issues are nothing new in the distribution industry, managing
inventory time by time is very necessary to overcome the issues and timely solutions
to the problem. By managing inventory companies can know how much stock is left
in its warehouses and how much sold out. If company doesn’t
know how much stock have left, it can’t restock its inventory which will
cause delays and frustrate your customers.
Pharmaceutical investors must also keep a finger on the pulse of product quality
assurance, because of the importance of steps like keeping vaccines cold over
long distances, particularly to developing regions. The most successful mergers
and acquisitions will be those where all players have a handle on quality
assurance at every step of supply and distribution.
• IT Department
• Finance Department
• Accounts Department
• HR Department
• Claim Department
• Operations Department
The management and Directors of BMC believe that operating the company in a
reliable, efficient, transparent and ethical manner enhances our ability to foster
sustainable growth and create value for our stockholders. Core Structure of
companies Good Governance is: Awareness, Decision ,Determination,
Consistency and Teamwork.
Activity Framework of BMC