PCD Pharma Franchise Steps
There are many stakes involved in the PCD Pharma Franchise model. Here In this article, we shall explain specifically the stakes in pharma.
- PCD Pharma Companies
- MR Medical representative
- End Buyer
A Manufacturer is a body that is responsible for producing or manufacturing the medicines. Top Quality Pharma Franchise Company in India have planted their Pharma manufacturing in Baddi. Hence Baddi is known as a Pharma manufacturing hub. For many years Baddi is not only catering medicines needs of India but the world widely. Even While CovidPandemic, There was a requirement of specific drug world widely. Ivermectin Doxycycline, Moreover, a very known injection Remdesivir and Azithromycin 500mg Even a Vaccine for Covid 19 have Been producing by a pharma manufacturing company in Baddi, Himachal Pradesh.
Pharma Franchise Companies:-
PCD Pharma Franchise companies are the groups who are made responsible to distribute or market the drugs to the targeted area. Perhaps we can say it like pharma franchise companies are the marketing companies who get the medicines from manufacturers and further they move the goods to targeted areas. Certainly, these Companies follow the PCD model. PCD stands for Propaganda Cum Distribution. There are following functions have been performed by the PCD Companies are below.
- Finding the stakes who have required the medicines for their area
- Marketing and Promotions of finished goods
- Providing Logistics
- Maintain Inventory of Medicians
A very significant stake in the PCD pharma model is a wholesaler or we can say it a Distributor. So What is his role in this process well, we shall discuss Is it in further lines? A Wholesaler or a Distributor is a person who buys the medicines directly from the Pcdpharma Companies and distributes them in their area. Therefore, a wholesaler as well Gets monopoly rights from pharma companies in India. Different PCD pharma companies offer various benefits to attract wholesalers, in other words, Monopoly right is one of them. Monopoly rights alloy wholesaler specific or decided areas to work. Let’s come to wholesaler functions for a specified area.
- Firstly, Maintaining stocks for their areas
- Secondly, Purchase of medicines
- Distribution of medicines to stakes
- Marketing and promoting the brand
- Appointing the MR
- Enhancing the sale and meeting the target
For instance, pharma Retailers/chemists mostly planted near hospitals, medical institutes, and other medical facilities. Chemist gets the goods from the area wholesaler further sale them out to the buyers.
MR refers to Medical Representatives.
They are the peoples who perform various marketing tasks to promote the medicine’s brand. They Get out into the field and meet the necessary Pharma stakes and Convenience them to purchase their products by showing the benefits and advantages. Most importantly, they meet the doctors and retailers and promote the product. In conclusion, in the PCD pharma Franchise model, those MRS have been hired by the Areas Wholesaler/Distributors for promotional activities.