final report abbot

Download Final Report ABBOT

Post on 06-Apr-2018

216 views

Category:

Documents

0 download

Embed Size (px)

TRANSCRIPT

  • 8/3/2019 Final Report ABBOT

    1/34

    RELATIONSHIP MANAGEMENT ABBOTT

    Term Report

    1. M. HASSAAN AHMED KHAN(1948)2. BILAL AHMED PARACHA(2228)3. WAQAS SALEEM(2142)4. M. SAAD KHAN(2074)5. ABDUL RASHEED SONIJA (2066)

    IQRA UNIVERSITY GULSHAN CAMPUS

    Submitted to:

    MR. SOHAIL MAJEED

  • 8/3/2019 Final Report ABBOT

    2/34

    Relationship Management Abbott 2

    Abstract

    In this report the process of supply chain management, supply chain management

    structure, material flow of the Abbott laboratories Pakistan Ltd is being discussed, furthermore

    supply chain relationship is also discussed in details with having context of building relationship

    on long-run basis. In the lights of significance of relationship among the management and

    suppliers of certain issues and remedies are also being included in this report. Distribution of

    ABBOTT, import material and export of product with respect to role of indenter and benefits of

    indenter which also facilitate the buyers and suppliers with mutual gain or win win respective.

    Policies are also being discussed in details and recommendation is also considered in this report.

  • 8/3/2019 Final Report ABBOT

    3/34

    Relationship Management Abbott 3

    We dedicate this report to our Faculty Mr. Sohail Majeed Iqra

    University Gulshan Campus. Mr. Sohail challenged us to do work

    on an organization in context of supply chain management and

    successfully we collect information, gather and present the

    information in professional way. With clear vision and

    determination plus the support of Mr. Sohail, we able to make

    report on a centralized organization namely as ABBOTT, therefore

    we all group members like to dedicate this report to Mr. Sohail

    Majeed.

  • 8/3/2019 Final Report ABBOT

    4/34

    Relationship Management Abbott 4

    CONTENTS

    Abstract...........................................................................................................................................2 Table of Figures..............................................................................................................................6 INTRODUCTION..........................................................................................................................7

    COMPANY PROFILE.........................................................................................7 SUPPLY CHAIN MISSION ................................................................................7

    ABBOTTS SUPPLY CHAIN STRUCTURE.............................................................................8 SUPPLY CHAIN PROCESS

    ................................................................................................9

    MATERIAL MANAGEMENT DEPARTMENT .....................................................................11 APPROVED DEMAND FORECAST ..............................................................13 APPROVED SUPPLY PLAN............................................................................13 MASTER PRODUCTION SCHEDULE ..........................................................13MATERIAL MANAGEMENT PLANNING ...................................................13BID SHEET .........................................................................................................14

    BID SHEET + INDENT TO IMPORT LC ......................................................14

    APPLICATION FOR OPENING LC:......................................................................15 INDENT OR PERFORMA INVOICE .............................................................16 DELIVERED FORMS BY BANKER TO IMPORTER..........................................16PREPARATION OF L/C BY BANKER.................................................................16 WORKING OF MATERIAL FLOW ...............................................................17

    RELATIONSHIP MANAGEMENT..........................................................................................19 DEVELOPING RELATIONSHIP WITH SUPPLIERS ................................20

    Supplier performance evaluation tools .....................................................................21 ROOT CAUSE ANALYSIS...............................................................................21

  • 8/3/2019 Final Report ABBOT

    5/34

    Relationship Management Abbott 5

    MATERIAL CLASSIFICATION .....................................................................24 LOCAL PURCHASING ....................................................................................24 IMPORT PURCHASING ..................................................................................25 INDENTER .........................................................................................................25 IMPORTED RAW MATERIALS ....................................................................25 ADVISING BANKS of ABBOT PAKISTAN...................................................26FEW SHIPPING COMPANIES THROUGH WHICH ABBOT PAKISTAN

    IMPORTS RAW MATERIALS..................................................................26 EXPORT..............................................................................................................26

    ABBOT DISTRIBUTION CHANNEL......................................................................................27

    ABBOTT POLICY FOR SUPPLIERS ......................................................................................28

    DOCUMENTATION AND INVOICING ........................................................28RESTRICTIONS ................................................................................................28

    RETURN......................................................................................................................29 CONDITIONS FOR RETURNING RAW MATERIALS..............................29RETURN OF MATERIAL ORDERS (MOS) ................................................29

    WASTAGE HANDLING ...................................................................................29 RETURN OF FINISHED ORDERS (FOS) ....................................................30

    OBSERVATION AND RECOMMENDATION.......................................................................31 References .....................................................................................................................................33

  • 8/3/2019 Final Report ABBOT

    6/34

    Relationship Management Abbott 6

    Table of Figures

    Figure 1. Supply Chain Structure. .................................................................................................. 8

    Figure 2. ....................................................................................................................................... 10

    Figure 3 Supply Chain Process (cont.)......................................................................................... 10Figure 4. Material Flow. ............................................................................................................... 12Source Reportbd.com.. . ................................................................................................................ 15Source: Gartner Consulting; 2001. ............................................................................................... 20Figure 5 Abbot Distribution Channel. . ........................................................................................ 27

  • 8/3/2019 Final Report ABBOT

    7/34

    Relationship Management Abbott 7

    INTRODUCTION

    COMPANY PROFILE

    Abbot Laboratories (Pakistan) Ltd, The firms main core activities are to trade in,

    produce and market based pharmaceutical, dietary, indicative, medical (hospital) and consumer

    products and facilitates toll-manufacturing services. It functions in two divisions Pharmaceutical

    and other. Pharmaceutical division produce, trade in and markets research based pharmaceutical

    products registered with the ministry of health and provides toll-manufacturing services. Other

    divisions includes importing, manufacturing and marketing diagnosing equipment, testing kits,

    consumer healthcare, nutritional and hospital products. The companys pharmaceutical products

    include Kalaricid, Erthrocin, Hytrin, Epival, Brufen, Entamizole, protium and Forane. The other

    products include Ensure, Pediasure, Pedialyte, Formance etc (Abbott Company Info, 2010).

    SUPPLY CHAIN MISSION

    ABBOTTs SCM mission is to configure, coordinate and improve all the sequentially

    related activities and set of operations with the idea of satisfying the entire chain of suppliers

    suppliers and customers customers by providing right product, at the right time, in the right

    quantity and becoming highly recognized by our employees, customers and shareholders and

    abiding by Government regulations by adhering to strict ethical and moral standards.

  • 8/3/2019 Final Report ABBOT

    8/34

    Relationship Management Abbott 8

    ABBOTTS SUPPLY CHAIN STRUCTURE

    Figure 1. Supply Chain Structure.

  • 8/3/2019 Final Report ABBOT

    9/34

    Relationship Management Abbott 9

    SUPPLY CHAIN PROCESS

    Vendors

    Price Sample

  • 8/3/2019 Final Report ABBOT

    10/34

    Relationship Management Abbott 10

    Figure 2. .

    Figure 3 Supply Chain Process (cont.)

    Institution Distributors Export

  • 8/3/2019 Final Report ABBOT

    11/34

    Relationship Management Abbott 11

    MATERIAL MANAGEMENT DEPARTMENT

    As a group we visited the material management department and after having the

    conversation with the officials of

View more