The trend of third party manufacturing or contract manufacturing has given exponential growth to the pharmaceutical industry. The feature of third-party manufacturing is to outsource the manufacturing of pharmaceutical products to other large-scale pharmaceutical companies. Mostly, these large companies are accustomed to producing large volumes of pharmaceutical products for several clients simultaneously. For these amazing outsourcing services, they charge according to their production volume and products.
On the other hand, companies that outsource manufacturing, receive top-quality pharma products on demand. The strategy of contract manufacturing is widely used and available in India. It has significantly boosted the overall production and supply of pharmaceutical products to the market. Courtesy of this service, the huge Indian population always receives the right medicines at the right time.
However, there are still some rumors and myths circulating about third party manufacturing services. Which are absurd and misleading. In this article, we will break down all the myths and misconceptions about outsourcing pharma manufacturing.
Myth 1. Third-party pharma manufacturing services are costly
This is one of the most piled-up myths about the outsourcing of pharma manufacturing. In reality, contract manufacturing is much cheaper than manufacturing every pharma product in-house. Calculating the investment that needs to be injected in just building a manufacturing plant, hiring hundreds of skilled workers, handling all production services, etc., would be millions. It is not a cup of tea for small and medium-scale pharma companies. That is why these companies rely on third party manufacturing services to establish their pharma business with top-notch products. In comparison to in-house production facilities, outsourcing pharma manufacturing is always way cheaper than self-production. It saves money and time as well and that can be utilized in marketing and branding of the company and its products.
Myth 2. Third party manufacturing compromises production quality
In reality, it is completely the reverse. The third-party service provider always provides better quality in the desired quantity. They even make sure to process every consignment with the same quality to maintain persistent quality for their clients. Their business is completely dependent on serving the best quality products. If its quality is compromised, then who would outsource its production? It is simple business ethics, and it is completely a false perception that contract manufacturing services provide lesser-quality products.
Myth 3. Pharma outsourcing services are for large-scale manufacturers
People think in the pharmaceutical industry that third party manufacturing companies only facilitate big brands or accept huge volume assignments. However, it is a completely false perception. Almost all contract manufacturing services welcome any company regardless of their business scale or required volume to be manufactured. These companies do not differentiate between their clients.
Myth 4. Outsourcing of pharma products is a hectic deal
It is a wrong perception that you might lose control over the production process and might not get timely delivery of your consignments. However, in reality, it is the most hassle-free deal to conceal. Third party pharma manufacturers in India are famous for their commitment to their clients. They always provide processed and packed products promptly. Additionally, they provide customized orders and manufacturing services that enable clients to keep an upper hand over manufacturing services. Many pharmaceutical companies like CASCA REMEDIES are famous for their swift and sublime supply chain management. These companies always priorities punctuality and reliability. In this way, they also ensure their client’s constant presence in the market with top-quality products.
In conclusion, hiring or tying up with any decent third party pharma manufacturers in India would produce great outcomes. It will provide you with a better quality of products. These services are very cost-effective and help to improve the productivity and scaling of the pharmaceutical business. Moreover, these third-party manufacturers have advanced and modern manufacturing units. These companies are extensively involved in testing and producing innovative and new products. By contracting with them, their clients can get their hands on new and improved products in the market before anyone can. This additional advantage gives an edge over competitors.
