Working Capital Management in the Pharmaceutical Industry

Pharmaceutical industry is a industry in
which development, discovery, production
f various drugs in market is done in order
to administer patients in order to cure
them from the ailment. There are generic,
brand medications and medical devices
included in it. There are a number of laws
judging pharmaceutical companies. The
Pharmaceutical company of UK is
employing a total of 73000 people and
also contributed high sums towards £8.4
billion. Two companies GlaxoSmithKline
and AstraZeneca are in fifth and sixth
position of being largest companies in the
by market shares worldwide. In UK
MHRA is governing pharmaceutical
industries. There are a number of
challenges faced by pharmaceutical
companies in UK due to uncertainty that is
brought in by BREXIT. They are majorly
affected by investment decidions that have
been postponed due to introduction of
Working Capital
Management Objectives/Purpose
Mental wealth professional exchange and applied research
(A study of impact of social media on consumer behaviour)
Pfizer is considered to be one of the
world's innovative bio pharmaceutical
company which have successfully
developed 170 kinds of vaccines which
is helping to improve a number of lives.
It was founded in 1952. the headquarter
of company is located in Tadworth,
Surrey, united Kingdom. Pfizer is the
parent organization for Pfizer UK.
● 1) To examine the pattern
1)To examine the pattern of
working capital in select
organisation.
2) To scrutinise the efficiencies
of working capital management
of Select organisation.
3) To analyse the parts of
working capital of chaosen
organisation.
4) To assess liquidity position
of units under concentration.
5) To make suggestions for the
better working capital
management of selected units.
Introduction of
pharmaceutical industry
Background
Working capital management corresponds to the
issues that emerge in endeavoring to deal with
the current resources, the current liabilities and
the interrelationship prevailing between them.
The term current has special connotation with
assets, in the normal state of business, which can
or will be, transformed into hard cash in phase
of one year that also without understanding a
lessening in value and disturbing the activities
of the firm. Liabilities proposed to be paid from
the current earnings or assets at the initial span
of a year are considered Current liabilities. With
the objective of sustaining satisfactory working
capital, management of working capital aims to
strategically operate the firms, current assets
and liabilities. Effective management of
working capital is essential for any venture as,
in absence of it, ventures fail to sustain a
satisfactory working capital which compels the
firm to go insolvent and later, in some cases,
bankruptcy.