Retails and Purchasing (JunLeng)
Intro of retails and purchasing
Retails concept of Pfizer Inc.
Purchasing concept of Pfizer Inc.
2 issues of Pfizer Inc purchasing
2 solutions
Retail:
The sale of goods to the public in relatively small quantities for use or consumption rather than
for resale.
Purchasing:
The organized acquisition of goods and services on behalf of the buying entity. Purchasing
activities are needed to ensure that needed items are obtained in a timely manner and at a
reasonable cost.
Retail concept of Pfizer Inc:
Pfizer Inc is an American multinational pharmaceutical and biotechnology corporation HQ on
New York City. It is established in 1849 by Charles Pfizer and Charles F Erhart. Pfizer Inc is
providing services in the healthcare industry. They are the manufacturer and research industry to
make some medicine that is good for human health and also the government organization
nationwide. So, the retail concept of Pfizer Inc can be described as the wholesale level.
Wholesale level is mainly focusing their products to other companies. Customers are those retail,
industrial and service companies. Wholesale companies devote less effort to plan the promotion,
shop layout and selection of location. Further wholesalers make large transactions with a limited
number of companies.
Purchasing concept of Pfizer Inc.
The Pfizer Inc. is a supplier in the healthcare industry. There are some supplier strategies which
interactive business process whereby retailers and manufacturers work together in mutual
cooperation to manage categories as strategic business units within each store. Thus, as a
manufacturer in USA, Pfizer Inc should assign each distributor in every nation and country. It
can let their product been popularize into the international market.
In Malaysia, Zuellig Pharma as a sole distributor of Pfizer Inc for all its pharmaceutical products.
Zuellig Pharma they do purchase from the manufacturer and import the goods from USA to
Malaysia. Thus, this can be the purchasing of the pFizer
Issues of Pfizer Inc purchasing
The Pfizer Inc has manufacturing and commercial operations in Puerto Rico, which were
impacted by the hurricanes toward the end of the third quarter in 2017. While the three
manufacturing sites in Puerto Rico sustained some damage and became inoperable due to issues
impacting Puerto Rico overall, all three sites have resumed operations and remediation activities
were completed in 2018. The commercial sales offices in Puerto Rico have been operational
since October 2017.
Pfizer Inc cannot provide assurance that physical risks to their facilities and supply chain due to
climate change will not occur in the future; however, they have a program for reviewing their
vulnerability to potential weather-related risks and update through assessments periodically. To
date, Pfizer Inc. have concluded that, because of the facility locations, existing distribution
networks and controls, they do not anticipate that these risks will have a material impact on
Pfizer in the near term.
Solutions