Supply Chain Synergy: The Benefits of our Seamless Generic Drug Distribution
Westminster Pharmaceuticals is a trusted supply chain partner for generics manufacturers, wholesalers, distributors, and pharmacies. We provide robust solutions that enhance inventory management, optimize cost savings, streamline operations, and mitigate drug shortages.
Here's how doing business with WPRX can make your supply chain more efficient and reliable, from planning to distribution and everything in between.
Planning
Effective planning is the cornerstone of a successful pharmaceutical supply chain. At Westminster Pharmaceuticals, we excel in meeting fluctuating customer demand by understanding which products are most in demand and projecting adequate inventory levels. Our meticulous planning processes include:
Reflecting Customer Demand: We leverage data-driven insights to predict market trends and ensure that high-demand products are always available.
Monitoring Shortages: We proactively monitor potential drug shortages, allowing us to respond swiftly and maintain a consistent supply for partners.
Licensing and ANDAs: Our expertise in licensing and Abbreviated New Drug Applications (ANDAs) ensures compliance and timely market entry for new products.
Private Labeling: We offer private labeling services, allowing our partners to brand high-quality generic drugs that just came off a patent under their own labels.
Procurement and Sourcing
Aligning with manufacturers that prioritize quality, compliance, and growth is key to our procurement and sourcing strategy. Westminster Pharmaceuticals is dedicated to sustaining strategic partnerships with manufacturers that are committed to excellence and regulatory compliance. By continuously launching new products, we stay at the forefront of patient needs and market demand. Serving as both a primary and secondary supplier, we ensure that wholesalers have a reliable source of pharmaceuticals to meet their needs.
Distribution
Our distribution network is designed to be efficient and reliable to ensure the medications in our supply chain reach consumers swiftly and safely. We maintain strong relationships with distributors to streamline the supply chain, ensuring that our pharmaceuticals are always available when needed. By working with our highly-regarded 3PL provider, Direct Customer Solutions, we offer state-of-the-art warehousing, inventory management, and fulfillment services, giving our partners peace of mind through this final stage of the supply chain.
Compliance
Compliance with regulatory standards is a non-negotiable aspect of our operations. Westminster Pharmaceuticals is dedicated to maintaining the highest standards of quality and safety by maintaining:
FDA Registration and NDC Compliance: Each new National Drug Code (NDC) is registered with the FDA to ensure compliance.
CFR 210 & 211 Compliance: We adhere to these critical FDA regulations through annual audits and quarterly product reviews.
Serialization and DSCSA Compliance: Utilizing SAP/ATTP for serialization and ensuring Drug Supply Chain Security Act (DSCSA) compliance keeps our products safe and traceable.
Annual cGMP Compliance Training: Every year, we review the most up-to-date laws and regulations that healthcare manufacturers must follow when producing drugs. Though the FDA requires these GMPs, we also use them as tools to continually improve our products, operations, and company as a whole.
Sales and Marketing
Our full-service sales and marketing capabilities allow our partners to focus on their core business while we manage the complexities of the market. Westminster Pharmaceuticals handles critical aspects such as pharmacovigilance and chargebacks, ensuring patient safety and financial accuracy. We manage the necessary paperwork for FDA product registrations and Medicaid and Medicare submissions, streamlining the process for our partners. Our expertise in contract negotiations across various trade classes ensures competitive terms. Our customized sales and marketing support lets our partners concentrate on what they do best while we handle the rest.
Service
Westminster Pharmaceuticals's reliable and personalized service sets us apart. Our nimble, agile, and forward-looking approach ensures that we can adapt quickly to market changes and remain ahead of the curve. As a people-first partner, we prioritize our customer relationships, ensuring consistent communication and transparency. Our dedicated sales representatives and entire team work tirelessly to build and maintain strong partnerships, always committed to the success of our clients.
Final Thoughts
Westminster Pharmaceuticals partners with specialized and full-line partners to ensure an adequate supply of products, providing the security of a large inventory across various items. Our robust supply chain ensures that you have the safe, high-quality, and competitively priced products you need when you need them. Trust Westminster Pharmaceuticals for a seamless, efficient, and reliable supply chain experience.
Partner with us today to elevate the standard of care for your customers and ensure the success of your business.
