At the present times of ever increasing competition, every company is thriving to better manage resources, whether it could be intellectual, material or human resources through Business Process Outsourcing (BPO).
The main objective of BPO (Business Process Outsourcing) is to focus on our core competency which we realized in the areas of
production, new formulation development and commercialization of Finished Dosage forms.
Further with a vision of All-India operation and brand establishment across the states we have adopted a franchisee model which is quite unique in the pharma industry.
The franchising concept is gaining popularity in India in all kinds of business activity.
It is a relationship between two entities, one is the Franchisor and the other is the Franchisee.
Franchising Definition
According to David D.Settz, “The franchise is a form of business ownership created by contract whereby a company grants a buyer the rights to engage in selling or distributing its products or services under the prescribed business format in exchange for Royalties or shares of profits. The buyer is called the “ franchisee’, and the company that sells rights to its business concept is called the ‘franchisor’.
Advantage to Franchisee
The major advantage in the franchising arrangement is leveraging the Franchisor Brand Image, combined growth, operational and training support, and risk sharing.
Types of Franchisee arrangement
There are different franchising arrangement like manufacturing franchising, product franchising and Service Franchising.
Franchisee Arrangement with SPIC Pharma
The franchising arrangement with Spic Pharma is for Product Franchisee in specified areas of operation where the Franchisee buys the product at a net rate from Spic Pharma and enjoys a good margin upon realization on sales on the Distributor price.
Our outsourcing assignment for newer Products in excise free zones benefits the franchisee with better margins.
Our Objectives
1
To build brands
2
To launch new products more aggressively
3
To expand geographically through Franchisee operations.
4
To reach more number of customers
To realize our objective we are looking for right people at right place who could deliver results with right product basket by associating with us as a right Channel partner.