what is third party manufacturing process?

Third party manufacturing is not as complicated as people think. here we are explaining the simple steps of third party manufacturing 

• Required documents
• Select composition for third party manufacturing
• Choose the brand name for the selected composition for third party manufacturing
• Minimum quantity
• Mrp of your selected brands
• Select  WHO-GMP third party manufacturing plant
• Prepare a design for packing of products selected for third party manufacturing
• Printing of packing material
• Batch process
• Payment and delivery

1. Documents Required 

To start the process of pharma third party manufacturing, first of all, you have to prepare some mandatory documents and processes.
In first you have to get a wholesale drug license yourself or you have to appoint a stockist who has a drug license to do the billing.

next, you have to choose the name of the marketing company under which you will make the product for marketing in the third party a marketed by office address. In such a way, it is not compulsory to register the name of the marketing company, but in the future, no one can claim that name, so most people register their marketing company name.

Also keep preparing a logo on your marketed by the company to print on packing material of your products. when you associate with impileo lifescience for third party manufacturing we provide you all services like brand registration, logo design & website design etc. 

2. Select Compositions

First of all you have to select the Molecule that you want to manufacture. The selection of molecules for third party manufacturing from Impileo Lifescience or other depends on various factors. like Your Past experience of marketing, Geographical situation, Money budget, medical infrastructure & any specialist hospital in the nearby area.

3. Select Brand Name

after selecting a composition that you have to manufacture in third party manufactured now you to Now you have to keep their brand names. The main precaution while keeping a brand name is to keep your brand name in a way that no one is using before. Try to keep the brand name easy to speak and composition-related. again Brand name registration is not mandatory. But if you register it is safe because after the registration, no one else will be able to use it once your brand becomes famous.

4. How much Quantity do I have to manufacture in third party manufacturing?

What is the minimum quantity that can be produced in third party manufacturing is depend on various factors. mainly its depends on the cost of molecules and terms of manufacturing plant that you have select for third party manufacturing of your composition. 

cost wise example :-

 

if any composition is less costly for third party manufacturing Then you have to give more quantity to produce in third party manufacturing, as compared to expensive composition. like Aceclofenac with Paracetamol tablets have a low-cost comparison to Amoxicillin with Potassium Clavulanate tablets and Amoxicillin and Potassium Clavulanate is less costly compared to Voriconazole tablet. in this case, any third party manufacturer will produce more quantity of Aceclofenac with Paracetamol compared to Amoxicillin and Potassium Clavulanate and will manufacture less quantity of Voriconazole Tablets compared to Amoxicillin and Potassium Clavulanate. 

Third party manufacturer plant wise

Quantity in third party manufacturing also depends on plant capacity. All producers have a certain installed capacity to produce any composition in third party manufacturing. Based on this production capacity, they determine the lowest production quantity of any composition. for example, a third party manufacturer has a fully automatic syrup manufacturing machine He shall not produce a batch less than the prescribed minimum quantity. Because if he takes a batch for manufacturing less than the decided quantity it will raise the cost of the product. It is a very commonly known fact that each automated machine always incurs a fixed cost to start and stop for manufacturing. Even when the automatic machine is not in production, there is a minimum cost of maintenance. 

 on other hand a manufacturer has a hand-filling syrup manufacturing machine He can give you the lowest quantity you want.

other factors regarding qty

there is some other factor also involve in to decide minimum order quantity like change part, setting of packing material on machine.

to know in detail click here

https://impileo.com/post/why-minimum-quantity-required-in-third-party-manufacturing

MRP :-

MRP is the Maximum Retail Price of any product that a customer pays to the retailer, It is always including tax.

One point always keeps in mind that here in no relation between MRP and third party manufacturing cost of any product. If MRP is not under dpco marketed company can select MRP according to their marketing strategy and mrp by other companies of the same composition. Be careful about the margin of retailer, stockiest and c&f when you select MRP. because there is fix minimum margin in pharma marketing 

• Retailer's Margin: 20%
• Stockist's: 10%
• CnF : 5%

retailer margin is called PTR ( price to retailer) and Stockiest Margin Is PTS (Price to Stockiest)

that you can calculate through our PTS-PTR Calculator

Link is :- PTR PTS calculator

MRP is under DPCO (DRUG PRICE UNDER CONTROL)

No marketed by the company can select MRP more than dpco if that composition is under DPCO. 

But in 1997 Government of India set up a regulatory called National Pharmaceutical Pricing Authority in short called NPPA. NPPA is established  To ensure affordable prices to Patients. MRP of many medicines has been fixed by NAPA and no marketing company can have more MRP than this.

5. Select the third party manufacturer and get rates from them.

After Choose Composition and selecting its brand name you have to find out the manufacturer who will provide you required goods within committed time, good packing and quality. It is not possible to have all kinds of drug production facilities in one factory. Therefore, if you have selected different types of composition or types of medicine for third party manufacturing, then the manufacturing plant will be different. after find the third party manufacturer you have to take rate from them for your selected composition. There may be different rates of different manufacturers which can have many various reasons like your order quantity or batch size, required packing type, type of machines installed in plant. Sometimes it is not right that you choose the manufacturer who gives the lowest price. you have to select a manufacturer who can provide you goods on time and can provide you services for marketing also. we in impileo lifescience are expert to provide after manufacturing services also fro marketing. we provide to our client complete promotional material solutions for marketing even in third party as well in our pcd pharma franchise division like bag, visual aid, lbl, reminder card, website design &  mr reporting portal.

after finalizing all the conditions with the selected manufacturer you will place a purchase order to him with the following documents and detail:-

• Copy of Drug license.
• Copy of GSTN or Pan Card/Aadhar Card
• Brand Affidavit or Brand name registration copy
• Composition with brand name
• order quantity
• Final Rate
• MRP
• Packing type - alu-alu, Blister etc.
• and will mention any other term & condition

6. Art work or designing process for your placed order

after providing all the detail and documents to the manufacturer you have to finalize the artwork of your brand as soon as possible. You yourself also can provide the design of your product to the manufacturer or you can ask him to provide artwork. there is certain rules that are decided by the government regarding artwork. Click here to see the rule regarding the artwork of packaging material.

we in impileo lifescience have professional designers who give branded look to your products and do show 3d previews to clients of their products. 

you also have to check carefully the design of your products before giving final approval to the manufacturer. 

The most carefully watched point is:-

• Brand name 
• Generic name printed on the front side 
• Composition and their strength 
• Marketed by name and address
• Make sure that all the information on the foil and the box is the same.

The most common mistakes in design that need attention

brand name and other detail must be the same on all flaps of the box. There are times when we get some design improvements sometime The designer corrects it on one side but remains old on the other side. or Designers correct it on the box but miss it on the label or foil.

so always take the proper time to check it carefully before approving it, especially brand name and marketed by address.

7. Printing of Packaging Material:- 

After approval of artwork or Design From your side to the Manufacturer, It is sent to the print Press for printing. Cartons and foil printers are not the same. when you place an order with minimum quantity, the manufacturer keeps some security amount and they also charge some other expenses for the cylinder. To know more about this process click here

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Packing material printing takes a certain amount of time that depends on your design specification and quantity.

8. Batch Processing:-

Converting raw materials into food is a complex and meticulous process. All molecules have their own properties. Therefore, the time to make the medicine may vary depending on the properties of the molecules. Here is a lot more factors affecting the time of the process of manufacturing like Batch Size, Testing of raw material and finished goods.

On completion of the preparation process, the medicine is packed in the box, and on them, the batch number and more information such as production date, expiry date, MRP are written.

9. Delivery:-

After packing of medicine now it is prepared to deliver to your doorstep. There is many Courier and Transportation service providers Like dtdc, Track on, Blue dart, Tci Express, Tci Freight, Vrl logistics, Safe Express, Shree Azad and many more. Selection of Transportation depends on many factors like

• No. of Case of your brand:- If you have 1-2 shippers of goods then you can take courier service and if there is more shipper then transport service should be taken
• which transport provide delivery in your area:- Not all transport service providers are able to provide service in all districts of the country. so which transport provide delivery service in your area can be checked on their website through pin code of your area
• How soon do you want to receive the goods:- selection of transporter is also depend on how early you want to get goods. Courier service providers deliver goods early compared to transporter but courier service are also more expensive compared to transport services.
• Door delivery or Godown delivery:- Door Delivery means Transporter will deliver you goods to your doorstep. Godown delivery means transporter will keep goods in his own godown at destination and you have to pick goods from his godown. For this, you have to go to the transporter's warehouse with proof of your firm's authority i.e letter head & Stamp.

you can track your Consignment through our website

https://www.impileolifescience.com/trackconsignment

10. Promotional Material

we in impileo Lifescience best third party manufacturer service provider also provide Promotional material solution for marketing like visual aid, bag, reminder card etc.