Pharmaceutical Sourcing

Pharmaceutical Sourcing

Pharmaceutical Sourcing

oboloo’s Glossary

The official business definition of Pharmaceutical Sourcing is the process of acquiring pharmaceutical products from manufacturers, wholesalers, and other suppliers. This process involves researching and evaluating potential suppliers, negotiating contracts, and ensuring that the products meet quality standards. Pharmaceutical Sourcing is a critical component of the pharmaceutical supply chain, as it helps to ensure that the products are safe and effective for use. Additionally, it helps to ensure that the products are available at a competitive price. Pharmaceutical Sourcing also helps to ensure that the products are compliant with applicable regulations, such as Good Manufacturing Practices (GMP) and Good Distribution Practices (GDP). Pharmaceutical Sourcing is an important part of the pharmaceutical industry, as it helps to ensure that the products are safe, effective, and of the highest quality.