What is Pharma warehousing?
January 06 , 2023 | CATEGORY : SERVICES
If you plan to open a pharmacy or drug manufacturing business, you should know about pharma warehousing. As you know, pharmaceuticals are one of the largest industries not just in India but the world over. So, when we talk about the pharmaceutical sector, the businesses that first come to our mind are pharmacies or drug manufacturers. All of them rely on pharma warehousing to keep the integrity of the medicinal drugs, intact.
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An overview of pharma warehousing
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According to InvestIndia, the Indian Pharmaceutical industry is expected to grow by 65 billion dollars by 2024.
Medicines or drugs aren’t directly supplied to pharmacies all the time. They go through multiple stages before ending at a pharmacy. Warehousing is one of the stages of the transportation of drugs from the manufacturer to the pharmacy.
Pharma warehousing is a logistic stage where drugs are stored in warehouses for a certain time frame before reaching pharmacies or healthcare centers. So, the logistic structure of medicinal drugs might look the following:
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Stage 1: Manufacturer to supplier
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Stage 2: Supplier to warehousing partner
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Stage 3: Warehousing partner to transportation partner
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Stage 4: Transportation partner to the final destination i.e. pharmacies
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Pharma warehousing comes as a necessity when the total distance between drug manufacturers and pharmacies is quite wide. For medicinal drugs to reach healthcare centres, it has to take multiple stops throughout the transportation stage.
Since we are talking about drugs, they need to be stored in a medically appropriate facility. Pharma warehousing offers ideal storage facilities where drugs are stored with complete care.
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Why choose pharma warehousing services?
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Pharma warehousing services are used by businesses in pharmaceuticals to store and distribute medicinal drugs. It is all about the storage and preservation of the drugs in their original form, as used by millions all over the world.
Drugs are sensitive in nature and therefore need to be stored with complete care. Not just in care but proper temperature and other key measures are to be performed throughout their transportation.
With a pharma warehousing partner, you can stop worrying about improper storage. An ideal warehousing partner will ensure that your drugs are stored exactly the way they are supposed to be. Pharma warehousing services is all about proper storage and timely release of medicinal drugs.
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How to find the right pharma warehousing logistic provider?
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Choosing the right pharma warehousing partner can be challenging.
Here are some expert tips to find the best pharma warehousing partner.
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Partners that suit your budget
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The first thing you need to do, is to create a budget. Once you have a fixed number, shortlist pharma warehousing partners accordingly. Shortlist on the warehousing partners
that offer quality services and comply with your budget. Having a budget will help you avoid wasting time on service providers you indeed cannot afford.
Just like you check reviews of a product listing on Amazon before making a final purchase, do the same with pharma warehousing partners. Now that you have a list of budget-friendly partners check their reviews online. Rearrange the list according to reviews. Filter out the good ones and make a separate list of them. Now this list contains warehousing partners with great reviews and budget-friendly services.
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Ask for customer testimonials
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Many business owners do not ask for customer testimonials from their chosen pharma warehousing partner. Customer testimonials give you an exact idea of the experience you will have with the warehousing partner. Being their client, you have the full right to ask for testimonials of their latest clients. Do not hesitate to ask for it, as it will help you decide whether they are actually worth investing in.
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Inspect warehouses before investing
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Once you are done making the final choice about a pharma warehousing partner, try to go for a personal inspection. Ask them if you can personally check their warehouses, where the drugs need to be stored. Having checked the storage area personally will help you decide if the pharma warehousing partner is an ideal choice. Besides, it’s always better to know where your drugs are stored.
For anyone planning to get into pharmaceuticals, pharma warehousing services are highly needed. For pharma warehousing services, try Allcargo Logistics. For more details, check out the official website now!