The choice of which items to include in inventory

This preview shows page 26 - 28 out of 47 pages.

as partially finished goods or work-in-process (WIP). The choice of which items to include in inventory depends on the organization. Inventory in Beximco Pharmaceuticals Limited exist basically in three forms:  Raw materials,  Work-in-process and  Finished goods. But before starting production or at first acquisition of raw materials the company decide how much to order, select a supplier, negotiating contracts, place the order, receive the order, transportation system/delivery system. As well as BPL perform other important activities like how or where the finished goods will store, distribution processof the finished goods, finished goods transportation mode selection and so on. 4.9.1 Raw materials: After discussion with Mr. Abul Basher, Accounts officer, Beximco Pharmaceuticals Limited, able to discern how the company buys the raw materials and select their supplier. The first thing is to buy raw material, which includes deciding which supplier to select, negotiating contracts, and deciding whether to buy locally or centrally. But before all these Beximco Pharmaceuticals Limited has to decide how much to buy and this buying decision of raw materials they know basically from the marketing department. Marketing department do the market research of their product demand in future after doing that the marketing department give their decision and then the planning department revised the future demand of the product and make plan how much to order. The next thing is to select a supplier. In terms of Beximco Pharmaceuticals Limited, after deciding how much to order they get the approval from the drags and narcotic department for the production of the particular product. After that purchase department asked from different suppliers to give their sample, after testing the sample if the standard qualities are approved bytheir quality assurance and quality control department, Beximco Pharmaceuticals Limited then checked those suppliers profile. After satisfying with all these BPL enlisted those suppliers. Like in this way they enlisted some supplier and when they need raw materials they asked those enlisted suppliers to give their price code and from those the lowest will get the order. In this way BPL select their supplier. Some examples of raw material: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. PYRANTEL PAMOATE, USP XANTHAN GUM, USNF SORBITOL SOLUTION (70%), BP (NON CRYST) POLYSORBATE 80 (TWEEN 80), BP CITRIC ACID MONOHYDRATE, BD SODIUM CITRATE, BP METHYL PARABEN (METH. HYD. BENZOATE), BP PROPYL PARABEN (PROP. HYD. BENZOATE), BP SACCHARIN SODIUM, BP LEMON OIL, BP METHYL SALICYLATE BP MENTHAL CRYSTALS, USP TRIETHANOLAMINE, BP PROPYLENE GLYCOL,BP GLYCEROL(GLYCERIN), BP CARBOMER 940 (CARBOXYUINLY POLYMER) USNFPage 26 of 42
`Inventory Management System of Beximco Pharmaceuticals limited’4.9.1.1. Receiving and Maintain of Raw and Packing Materials: To maintain information about the raw and packing material, Beximco Pharmaceuticals Limited use different system in different stages. Here are some examples which I came toknow with the help of Md. Abul Basher, account officer of Beximco

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture