Good Manufacturing Practices (GMP) is a system that ensures that the goods produced by various
manufacturing facilities are consistently produced and controlled according to specified quality
standards. There are GMP systems for everything from cosmetics to pharmaceutical products
and of course, food.
GMP looks at every aspect of the manufacturing process to guard against potential risks that can
prove detrimental to its products. Cross-contamination, mislabeling, and adulteration are just a
few of the things GMP aims to prevent. Thus it aims to make customers happy and satisfied by
delivering them safe food.
Good Manufacturing Practices (GMP) is a system that ensures that the goods produced by various
manufacturing facilities are consistently produced and controlled according to specified quality
standards. There are GMP systems for everything from cosmetics to pharmaceutical products
and of course, food.
GMP looks at every aspect of the manufacturing process to guard against potential risks that can
prove detrimental to its products. Cross-contamination, mislabeling, and adulteration are just a
few of the things GMP aims to prevent. Thus it aims to make customers happy and satisfied by
delivering them safe food.
TQM is the integration of all functions and processes within an organization to achieve continuous improvement of the quality of goods and services.
The goal is customer satisfaction.
This presentation talks about the cosmetics good manufacturing practice (GMP) and standard ISO 22716, which cosmetic manufacturers have to follow if they want to put their products on the EU market.
A vendor audit is a vehicle used by pharmaceutical companies, and other large companies as well, to inspect and evaluate a vendor’s quality management system, as well as its practices, products, and documentation.
The need to conduct vendor audits stems from a higher need for quality control in an industry that needs to be more regulated than any other industry in the world.
Reason why organizations use audits is to reduce cost and improve quality control
The objective of vendor audit is to develop an audit function comprising of qualified resources to effectively perform compliance audits to ensure that the contracts are being executed in accordance with the intent and address the net benefit to include cost recoveries, process improvement savings, fraud improvement and identification of hidden risks.
In order to reduce the cost pharmaceutical companies have increasingly become dependent on their supplier/ out sourcing partners for customer success. Though it has drastically reduced the production cost for companies, there is a heightened supplier risk and lack of visibility into supplier processes.
To gain an insight into supplier process and eliminate the risks, FDA encourages companies to conduct GMP supplier audit at the manufacturing premises of the supplier.
According to GMP code, it is sole responsibility of pharmaceutical industry to ensure that the suppliers manufacturing process, analytical tests and examinations are carried out reliably by the supplier and are in compliances with the applicable standards and regulations.
After the audit supplier must provide an appropriate corrective action plan with measures that that will be implemented by the supplier within a defined time frame to the manufacturer.
Good Manufacturing Practice is a set of regulations, codes, and guidelines for the manufacture of drug substances and drug products, medical devices, in vivo and in vitro diagnostic products, and foods.
chapter 3 NEW PRODUCT DEVELOPMENT logistics.pptxDanielDeGuzman23
Logic is the study of correct reasoning. It includes both formal and informal logic. Formal logic is the science of deductively valid inferences or logical truths. It studies how conclusions follow
This is a two-part series on the importance of the ISO-9001 certification, and how to implement a quality management system with a focus on plant reliability to acquire and maintain this standard.
TQM is the integration of all functions and processes within an organization to achieve continuous improvement of the quality of goods and services.
The goal is customer satisfaction.
This presentation talks about the cosmetics good manufacturing practice (GMP) and standard ISO 22716, which cosmetic manufacturers have to follow if they want to put their products on the EU market.
A vendor audit is a vehicle used by pharmaceutical companies, and other large companies as well, to inspect and evaluate a vendor’s quality management system, as well as its practices, products, and documentation.
The need to conduct vendor audits stems from a higher need for quality control in an industry that needs to be more regulated than any other industry in the world.
Reason why organizations use audits is to reduce cost and improve quality control
The objective of vendor audit is to develop an audit function comprising of qualified resources to effectively perform compliance audits to ensure that the contracts are being executed in accordance with the intent and address the net benefit to include cost recoveries, process improvement savings, fraud improvement and identification of hidden risks.
In order to reduce the cost pharmaceutical companies have increasingly become dependent on their supplier/ out sourcing partners for customer success. Though it has drastically reduced the production cost for companies, there is a heightened supplier risk and lack of visibility into supplier processes.
To gain an insight into supplier process and eliminate the risks, FDA encourages companies to conduct GMP supplier audit at the manufacturing premises of the supplier.
According to GMP code, it is sole responsibility of pharmaceutical industry to ensure that the suppliers manufacturing process, analytical tests and examinations are carried out reliably by the supplier and are in compliances with the applicable standards and regulations.
After the audit supplier must provide an appropriate corrective action plan with measures that that will be implemented by the supplier within a defined time frame to the manufacturer.
Good Manufacturing Practice is a set of regulations, codes, and guidelines for the manufacture of drug substances and drug products, medical devices, in vivo and in vitro diagnostic products, and foods.
chapter 3 NEW PRODUCT DEVELOPMENT logistics.pptxDanielDeGuzman23
Logic is the study of correct reasoning. It includes both formal and informal logic. Formal logic is the science of deductively valid inferences or logical truths. It studies how conclusions follow
This is a two-part series on the importance of the ISO-9001 certification, and how to implement a quality management system with a focus on plant reliability to acquire and maintain this standard.
New product development, types of new product, new product line, product line extensions, improvements and revision to existing products, re-positioning, cost reductions.
The Utility Stores Corporation (USC) of Pakistan is a State-owned enterprise that operates chain stores throughout the country whose main purpose is to provide basic commodities to the general public at lower prices than the open market.
But due to the supermarkets, buyers prefer to go there than to utility stores because Its better to visit to supermarkets which have much better environment than to wait in queues outside the utility stores.
The Utility Stores' performance is declining day by day BECAUSE they aren’t able to manage their working capital properly.
Usama Shahid Khan, Pakistani Information System Engineer turned entrepreneur turned project manager, graduated from NUST.
He quit his job and started working on startups. After many attempts, he finally succeeded to launch a project named “MeriTaleem” but eventually it failed !
IDEO is a global design company that creates positive impact through design. David Kelley, Bill Moggridge, & Mike Nuttall merged their companies to make IDEO.
1. What is the difference between corporate finance and entrepreneurial finance?
2. How do we know whether an idea has the potential to become a viable business opportunity?
3. Describe and discuss some of the best financial practices of high growth, high performance firms. Why is it also important to consider production and operation practices?
4. Identify some types of financing that are associated with each of the following stages of new venture development: research and development, start up, early growth, rapid growth and exit?
5. At what stage of venture development is each of the following most likely to invest, an angel investor? A venture capitalist? Why?
Portfolio Management for New Product Development: Results of an Industry Practices Study. By Dr. Robert G. Cooper, Dr. Scott J. Edgett and Dr. Elko J. Kleinschmidt
Portfolio Management for New Product Development: Results of an Industry Practices Study
By Dr. Robert G. Cooper, Dr. Scott J. Edgett and Dr. Elko J. Kleinschmidt
Spotify Technology S.A. is a Swedish media-services provider founded in 2006. The company's primary business is its audio streaming platform that provides DRM-protected music and podcasts from record labels and media companies
Casper: Founded in 2014, New York-based Casper is perhaps the most well-known among new entrants likely due to its unusual and effective marketing techniques. It has raised $240 million in VC investment, including those from celebrity investors Ashton Kutcher and Leonardo DiCaprio. Since inception, its product line has expanded to include pillows, sheets, a dog bed, and beyond. Casper has more than 300 employees and in 2016 it generated over $200 million.
KHALIDA BROHI, FOUNDER & EXECUTIVE DIRECTOR OF “SUGHAR FOUNDATION” and Co-founder of “The Chai Spot”.
The idea of Sughar emerged in 2009. Sughar (meaning “skilled and confident woman” in Urdu).
SIX ESSENTIALS
1. Clearly tells the story.
2. Visually appealing.
3. Attempts to be thought-provoking.
4. Answers a need or desire for the audience.
5. Includes a Call-to-Action
6. Adaptable for different target audiences.
Rewari walay Haji Rabri established in 1948. The name of the business is based on the name of the founder that is, Haji Bashiruddin. He and his family migrated from Rewari, India to settle in Hyderabad, Pakistan.
Case study: The Rise and Fall of Nokia By by Juan Alcacer, Tarun Khanna and Christine Snively.
Nokia provides telecommunications network equipment and services.
It was world’s leading manufacturer of mobile telephone handsets.
BUT Had to sale it’s assets to the Microsoft for $7.2 billion.
The sale marked as “sad ending to Nokia”.
In the eyes of CPEC officials, this project is the open opportunity to enhance trade as it will promote bilateral connectivity but it is also very necessary to know that is there any hidden threat in this open opportunity? There are many concerns regarding this project which should be consider, there are so many questions which are still unanswered.
Argument on “The Things They Carried; the Man I Killed” by Tim O’Brien.
It becomes clear that this is the description of a man whom O’Brien killed and after killing he’s analyzing the dead body of a young boy and ashamed on what he has done.
Product Specification Process & Concept Generation Process
product specification process
1.Set Target Specifications
2.Refine Specifications
3.Reflect on Results
concept generation process
1. Clarify the Problem
2. External Search
3. Internal Search
4. Systematic Exploration
5. Reflect on the solutions
Salma Karina Hayat is Conscious Digital Transformation Leader at Kudos | Empowering SMEs via CRM & Digital Automation | Award-Winning Entrepreneur & Philanthropist | Education & Homelessness Advocate
When listening about building new Ventures, Marketplaces ideas are something very frequent. On this session we will discuss reasons why you should stay away from it :P , by sharing real stories and misconceptions around them. If you still insist to go for it however, you will at least get an idea of the important and critical strategies to optimize for success like Product, Business Development & Marketing, Operations :)
Reflect Festival Limassol May 2024.
Michael Economou is an Entrepreneur, with Business & Technology foundations and a passion for Innovation. He is working with his team to launch a new venture – Exyde, an AI powered booking platform for Activities & Experiences, aspiring to revolutionize the way we travel and experience the world. Michael has extensive entrepreneurial experience as the co-founder of Ideas2life, AtYourService as well as Foody, an online delivery platform and one of the most prominent ventures in Cyprus’ digital landscape, acquired by Delivery Hero group in 2019. This journey & experience marks a vast expertise in building and scaling marketplaces, enhancing everyday life through technology and making meaningful impact on local communities, which is what Michael and his team are pursuing doing once more with Exyde www.goExyde.com
Manufacturing system & supply chain design for new venture & how entrepreneur will get success when it enters the market newly
1. Manufacturing System
&
Supply Chain Design For
New Venture
&
How Entreprenuer Will
Get Success When It
Enters The Market Newly.
VARDA SHAIKH
HIBA SHAIKH
MAHGUL KHAN
MARYAM QAZI
2. ◍For any entrepreneur who want to start
any kind of new venture, there should be few
considerations for manufacturing system:
MANUFACTURING IN NEW
VENTURE:
3. 1. Identifying needs and demands:
◍What customers want.
◍Adapt strategies to
deliver innovative
product and services to
customers.
4. 2. Where & How raw material
extracted:
◍Whether directly from fields
OR
◍From suppliers
5. 3. How to make resource optimization
(getting more from less):
6. 4. How the FINAL PRODUCT will be made
choose desired production process
1st
Job Production
One-off product
Last
Flow Production
Standardized products
are made
2nd
Batch Production
Used for the number of
products
7. 5. PROTOTYPE TESTING
“to make sure the product isn't dangerous to use”.
◍ Risks.
◍ Warnings.
◍ Instructions.
PROTOTYPE TESTING
8. 6. IMPROVE PROCESS EFFICIENCY
1. Find the problem.
2. Analyze the problem.
3. Acquire new resources.
4. Implement the solution.
5. Review the whole.
Implement
& then
review
Acquire
new
resources
Find &
analyze
the
problem
9. 7. MAINTAIN QUALITY & STANDARDS
Invest In Employee Training
To get your goal through them
Remain Customer Focus
Meet customer expectations
10. SUPPLY CHAIN DESIGN:
( IN NEW VENTURE )
Movement of materials from source to the end user
Supply Chain
supply of products from
supplier to customer
through the
chain of people that are
linked together to carry out
certain activities.
12. HOW IT WORKS?
1. VENDORS that supply raw material.
2. PRODUCERS who convert into products.
3. WAREHOUSES that stores.
4. DISTRIBUTION CENTERS deliver to retailers.
5. RETAILERS who bring the product to the customers.
Supply Chain
Interlinked And Interdependent process
13. SUPPLY CHAIN DELAY:
◍BAD WEATHER:
Bad weather can delay the process of
shipment of goods .
◍BREAKDOWN OF VEHICLES:
Incase of damage of the vehicles.
◍POLITICAL ISSUES:
Government actions that affects the
company processes.
Supply Chain Process Can Effect Or Delay Due To
Some Reasons:
14. ◍Here are some important
components of strategies
which an entrepreneur should
apply:
1. FOCUS ON CUSTOMER
IMPACT:
An intense focus on
customer satisfaction is the
key element of the success &
it can possible by focus on
delivering high quality &
consistent products or
services.
How a venture can be successful by entering into
the new market?
15. 2. ALLOW FOR CUSTOMIZATION:
Customers perceive
customization as “value”.
Providing services or products
to consumers with the opportunity
of customization can bring an
ultimate growth to a venture when
implemented successfully
3. STREAMLINE FOR PREDICTIBILTY:
To meet the high level of
expectation of consumers,
there should be a strategy of
day to day operations must be
streamlined.