Evaluating Costs Without Hindering Progress

Interphex conference sessions explore packaging and partnership options.

 

 

Every company, small or large, must weigh its options with its own best interests in mind if it wants to stay afloat. Businesses want to be innovative, yet they must remain competitive. Understanding technology and seizing partnership opportunities are crucial to making the next step in business. Packagers play a role in these business decisions, and several sessions at Interphex will cover the various choices manufacturers have to make.

Though packaging costs have historically been evaluated based on material acquisition cost, Angela Roggenhofer suggests that choosing a blister packaging material based on total cost of ownership can reduce packaging costs. Roggenhofer, market development manager for Honeywell Specialty Films, will present "Total Cost of Ownership of Pharmaceutical Blister Packaging." Her talk will include several cases that highlight the importance of viewing the total cost of ownership and the impact of certain operational variables in terms of material selection. The presentation will also include an explanation of a value calculator developed to calculate the total cost of ownership of packaging for solid oral doses in a variety of packaging materials. It also is designed to help assess the financial and operational implications of packaging material selection over an extended period of time.

Citing the trend of outsourcing packaging development, engineering, design, graphics, testing, and other services, Rihaz Chughatta, executive vice president, Equity Packaging Inc., will present "Outsourcing the Packaging Function." The session is designed to help corporations better understand how packaging functions are outsourced and the advantages and disadvantages of doing so. Chughatta will identify needs for outsourced services and explore how a company can focus on increasing production and sales while allowing a packaging function to be managed by another company. The presentation will also detail some advantages of outsourcing, such as increased internal flexibility for the company's engineers, and some disadvantages, such as cost and the limited number of service providers.

Supply-chain costs, efficiencies, and challenges will also be addressed. Carla Reed, vice president, life sciences, ChainLink Research, will present "Managing Distribution: Cold Chain, Connecting to Channel Partners, and Service Providers." Reed will cover techniques and systems used to ensure quality product by maintaining target temperature during distribution. And Robin Koh, chief strategy officer, SupplyScape, will present "Update on E-Pedigree: Option for Supply Chain Partners," discussing the strategic and business challenges supply chain companies face as they adopt e-pedigree and RFID technologies.

More information on these sessions can be found at www.interphex.com.

No votes yet