We are in the process of starting a business in pharmaceutical formulation sales. I would like to know about the various costs such as fixed costs, variable costs, transportation costs for the business, and any other hidden costs that can impact our business in the future so we can be prepared for that situation. Kindly let me know about the various costs involved in the business.
Thanks & Regards,
Heera Singh
Pharmaceutical Professional
From India, Delhi
Acknowledge(0)
Amend(0)
Thanks & Regards,
Heera Singh
Pharmaceutical Professional
From India, Delhi
Acknowledge(0)Amend(0)
Dear Mr. Heera Singh, It's good to note that you are considering all the costs associated with your business. Have you worked in a pharma company before? If so, you probably have an idea of these costs. You may go through the following threads and read my replies to past posts of a similar nature:
https://www.citehr.com/449183-busine...marketing.html
To learn about the business plan, click on the following link:
https://www.citehr.com/339378-busine...-training.html
Additional Costs to Consider
In addition to the costs you have mentioned, your success in business will roughly depend on managing the following costs:
- Inventory Carrying Cost of Raw Materials
- Work in Progress (WIP) Inventory Costs
- Inventory Carrying Cost of Finished Goods
- Capital costs to run the operations
- Capacity costs
- Maintenance costs
- Quality costs
- Marketing costs
- Ordering costs
- Other Administrative costs
You need to measure these costs scientifically. This is not easy. For this, you may need to hire a consultant. Feel free to contact me for further clarification.
All the best!
Regards,
Dinesh Divekar
From India, Bangalore
Acknowledge(0)Amend(0)
8072https://www.citehr.com/449183-busine...marketing.html
To learn about the business plan, click on the following link:
https://www.citehr.com/339378-busine...-training.html
Additional Costs to Consider
In addition to the costs you have mentioned, your success in business will roughly depend on managing the following costs:
- Inventory Carrying Cost of Raw Materials
- Work in Progress (WIP) Inventory Costs
- Inventory Carrying Cost of Finished Goods
- Capital costs to run the operations
- Capacity costs
- Maintenance costs
- Quality costs
- Marketing costs
- Ordering costs
- Other Administrative costs
You need to measure these costs scientifically. This is not easy. For this, you may need to hire a consultant. Feel free to contact me for further clarification.
All the best!
Regards,
Dinesh Divekar
From India, Bangalore
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Funny quotes and motivational sayings, quotations for business, sales, management, love and spee.pdf
Top 25 business management schools in India.doc