Chemical and Pharmaceutical Industry Procurement
Can you imagine visiting a hospital for treatment where a hospital might tell you treatment has to be delayed for weeks because of a drug shortage or that the safest and most effective medications for their condition simply aren’t available?
It’s not unthinkable: Unfortunately, we’re living that reality today because of a poorly designed global supply chain we depend on.
Another sector, the chemical sector, also needs to make its supply chains more resilient and sustainable by identifying alternate sources and geographies of supply. Because the chemicals industry has suffered in recent years from volatility and declining demand, as well as eroding margins, pricing pressures, competition, inflation, cost increases, and supply issues.
So, it is pretty clear the chemical and pharmaceutical industries are characterised by their complex supply chains, stringent regulatory requirements, and the need for high-quality, consistent materials. Procurement plays a critical role in ensuring the success of these industries.
This is where Refteck plays a role in providing pharma procurement solutions.
What Do We Do?
We understand the importance of procurement of chemicals, pharmaceuticals, and challenges in pharma & chemicals supply chain management; that is why we have built teams that must adapt to new challenges and evolution in demand.
And this is how we work
Raw Material Sourcing
We understand the business requirements and offer tailored solutions. For instance, the strategy for raw material sourcing in pharmaceuticals may be different from chemicals, but we do accurate forecasts of raw material prices, budgeting, and stringent control over inventory, which will aid in ensuring competitive prices.
We can also forecast the demand, thus enabling you to make informed decisions about product procurement quantity.
Quality Assurance
Sourcing material is not all it requires; we take authority of pharmaceutical process optimisation from the moment we get the project. That is why, when we source material, we consider pharmaceutical quality control, thus ensuring the materials we are sourcing are of high quality and as per the requirement.
Chemical Safety and Compliance
Projects that involve sensitive processes like biopharmaceutical manufacturing and chemicals require precision and detail.
We understand the project’s sensitivity and thus follow the compliance in pharmaceuticals and regulatory compliance in chemicals. Adherence to regulations like GMP (Good Manufacturing Practices), FDA guidelines, and local pharmaceutical laws is essential.
Compliance with OSHA (Occupational Safety and Health Administration), EPA (Environmental Protection Agency), and other relevant chemical regulations is crucial.
Data Analytics
New digital tools are transforming the ability of companies to aggregate, organise, and analyse complex data so purchasing teams can identify opportunities more quickly and make smarter decisions at every stage of the procurement process. Consider two important examples: spending analytics and price forecasting.
Delivering Certainty Amid Fluctuation
Refteck keeps up with the changing chemicals & pharmaceutical industry standards. From forecasting workbench to tracking raw material pricing and sustainability assessments to quality assurance in chemicals & pharmaceuticals, we partner with companies so they can achieve their long-term sustainability goals.
We provide deep subject-matter expertise and proprietary tools to help enterprises identify the right supply base and mitigate rising commodity costs.
Why Choose Refteck?
Refteck believes in providing comprehensive pharmaceutical manufacturing services and chemical procurement services.
We are aware of the continuous enhancement in the products and services for the pharmaceutical & chemical sector; we ensure all technical advances in order to meet our clients’ procurement expectations. We consider that our products should cover our clients’ health & safety concerns by sourcing products of the utmost quality, such as process equipment, including spare parts for capsule loading machines, printing machinery, ointment machinery, labelling equipment, dryers and homogenisers.
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