reduction des couts,voyage,low cost,cheap airfare,cheap flight,transport,energie,telecom,IT low cost,outsourcing,supply chain,voip,sourcing,e-sourcing,eprocurement,security costs,reduce energy costs,labors cost,office cost saving tips
cost centers general expenses

Office Supplies

Courier Expenses - Overnight deliveries

Printing Costs

Fax Communications

Photocopiers

Cleaning Services

Energy Saving

Office
Fleet Management

Travel expenses

Waste Management

Building Costs Management

Spend Management - Purchasing

finance costs

Finance Costs

Capital and Operating Expenditure

Tax costs

Accounting & Cash Management

Start-up costs

Outsourcing activities

Labor costs
IT capex opex

Internet spending

Operation - Maintenance costs

Software Development cost

IT asset management

IT Capex and Opex

Document automation

IT Governance spending

IT Offshore operations

Open Source expenses

ERP Development expenses
CRM Development expenses

Outsourcing operations

PABX

Security

Storage - San costs

Telecom spending

VoiP

VPN costs

Mobile Wifi 2G 3G communications

Operational Capex / Opex

Management costs

Operational Costs

E-procurement

E-sourcing

CRM

Call-center expenses

Logistics & Supply Chain expenses

Maketing spending

Production operations expenditures

Packaging expenses
Freight costs
.

Cost-effective R&D Outsourcing Attracts Global Pharmaceutical Industry to India and China

LONDON, August 31

Research Standards Set to be International; Government Regulations Encourage Outsourcing

The rise of India and China as global economies presents immense opportunities for the international pharmaceutical industry. Besieged by ever-increasing cost pressures, shorter product life cycles and numerous regulatory challenges in the West, the industry is increasingly shifting its research and development (R&D) base to these two developing nations.

This is being done primarily to minimise the expenses, time and risk involved in R&D. The estimations from industry sources reflect that the cost of bringing one new molecule into the market amounts to USD 800.0 million. The European Federation of Pharmaceutical Industries and Associations (EFPIA) estimates that, on an average out of 10,000 molecules developed in laboratories, only one or two will successfully pass all stages of drug development and be commercialised.

Pharmaceutical companies looking for effective solutions, thus, prefer outsourcing to low-cost, developing countries rather than persisting with expensive R&D efforts in the West. Alliances with local companies, contractual outsourcing arrangements and establishing local subsidiaries are good options for enterprises thinking of utilising the strong intellectual potential in India and China.

"Contract research organisations (CROs) are a popular option and carry out medical and scientific studies on a contractual basis for multiple clients," says Frost & Sullivan Industry Analyst Himanshu Parmar (http://pharmaceuticals.frost.com). "They provide part, or all of the processes of clinical research including clinical trial management, data management, statistical analysis, protocol design and final report development."

These outsourcing activities in developing countries amount to 20.0 to 30.0 per cent of total global clinical trials. Access to specialised skills in both countries and work hours on a 24/7 basis underpins their competitive advantage. In addition, better management from the start reduces development risks.

Despite these benefits, there has been a relatively low level of utilisation of the opportunities in both countries due to various concerns with respect to quality and infrastructure. Companies are worried about probable loss of control in processes and proprietary knowledge. Proper management is needed to utilise complicated and long-distance collaborative third-party relationships. Delays can even happen due to regulatory hold-ups.

This has motivated domestic companies and government in individual countries, keen to increase foreign participation and to figure prominently on the global map, to implement necessary changes to improve clinical research facilities.

"Government commitment in India and China to improve access to high-quality healthcare is a bonus for R&D outsourcing," says Mr. Parmar. "The regulatory environment in both countries is gradually changing in favour of clinical research."

Recent amendments to Schedule Y of Drugs and Cosmetics Rules of India, 1945, signify a progressive attitude on the part of the Indian Government, clarifying the environment for clinical research in the country. In China, regular monitoring of clinical trials ensures good clinical practice (GCP)-compliant research centres established by the government. These steps will enable the two countries attain international standards in pharmaceutical research.

For companies wishing to leverage the regulatory changes and high-quality research, considering alliance strategies and identifying regions of opportunity should be priorities. Embracing these changes through innovative strategies and flexible approaches will allow international pharmaceutical enterprises to capitalise on these new attractive propositions.

If you are interested in an analysis overview, which provides manufacturers, end users, and other industry participants with a synopsis, summary, advantages and disadvantages of pharmaceutical R&D outsourcing to India and China (B600-52) - then send an e-mail to Katja Feick - Corporate Communications at katja.feick@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state and country. We will send you the information via e-mail upon receipt of the above information.

Source : Frost

.

 

 


Cost Cutting Actions - Cost Savings Measures

● Office supplies cost saving measures
● Courier expenses & Overnight deliveries Costs saving measures
● Printing Cost Saving solutions & tips
● How to cut the costs of your fax system
● Printers & Photocopiers cost saving Solutions
● Cleaning cost savings suggestions
● How to cut energy costs - Energy Cost Savings Initiatives
● How to cut office Costs
● Fleet Management cost saving opportunities
● Environmental Management - Waste Reduction Measures
● Building management and control systems costs saving examples
● Purchasing & Spend management Cost cutting & cost savings solutions
● How to track costs and optimize accounting costs
● Defending budgets with Activity-based Costing and Management ABC/ABM
● Capital and Operating Expenditure (Capex / Opex)
● How to optimize the Return on Investment ?
● Finance and Cash Management cost savings Measures
● Operational Costs Cost cutting Initiatives
● How to reduce the labour costs ?
● How to Dramatically increase employee productivity?
● Internet cost savings solutions
● IT operation and maintenance cost savings measures
● IT Software Developement Cost cutting measures
● IT Asset Management - Upgrades and Migration, Data Sharing and Integration Cost Cutting measures
● IT ROI - Return On Investment on Information Technology Opex / Capex
● Document Automation cost cutting solutions
● IT Outsourcing & IT Offshore initiatives
● Open Source cost Saving solutions
● ERP - Database - Data Warehouse - Cost Cutting
● Cost Saving Solutions
● CRM (Customer Relationship Management) Cost savings measures
● IT Outsourcing & IT offshore initiatives
● Security cost saving techniques
● STORAGE - SAN - NAS cost saving suggestions


● Bringing the costs and pricing of telecommunication down
● VoIP - Voice over IP Cost Cutting solutions
● VPN - Virtual Private Network cost savings measures
● Mobile - GSM - UMTS - WiFi - RFID - Satellite cost cutting solutions
● Enterprise Management cost cutting applications
● E-procurement cost saving solutions
● How to cut the Sourcing costs costs - Sourcing cost saving measures
● Call Center & Contact Center cost saving solutions
● Supply Chain Management cost cutting opportunities
Marketing cost saving measures
● Production Cost Savings measures
● How to reduce the Packaging Costs
● How to reduce the Freight costs
● How to reduce travel costs ?
● Cost cutting techniques for manufacturing companies
● Fleet Cost Reduction
● Office cost cutting tips
● How to reduce the labour costs
● How to Cut HR Costs
● Cutting cost hospital initiatives
● Cutting The Logistic Costs
● Cheap airfare Cheap ticket low cost flight
Cost saving purchasing to management
● Truck fleet money saving ideas
● Cost saving suggestions for safety
● Cutting ink costs
● Call Centers Cost Cutting suggestions
● Airline ticket saving ideas
● how to cut telecom costs with VoIP

● Cheap flights, low cost airline and low air fares tips

Costkiller.net - B2B cost cutting leader Portal © 2003,2004,2005,2006, 2007, 2008 Coskiller.net - all rights reserved