Inventory management and financial performance of the pharmaceutical segment of GlaxoSmithKline Bangladesh Limited

Abstract

The pharmaceutical sector is one of the thrust sectors in Bangladesh. Due to recent development of this sector, the industry is exporting medicines to global markets, including the European market. This sector is also providing 97% of the total medicine requirement of the local market. Leading companies are expanding their business with the aim to expand into the export market. GlaxoSmithKline (GSK) is a leading multinational healthcare company operating in Bangladesh for years. GSK aims at offering high quality medicines and vaccines to enhance the quality of human life around the world. This study on “Inventory Management and the Financial Performance of the Pharmaceutical Segment of GlaxoSmithKline Bangladesh Limited” was aimed to identify the impact of pharma segment’s inventory management on the financial performance of GSK. In this report we can see the financial performance of pharmaceutical segment of GSK Bangladesh LTD and comparison among its competitors. In addition, necessary suggestions are also provided for improving its present market condition. It is found that it would be wise for GSK to concentrate on formulating and exercising competitive business strategies, such as addressing efficient inventory management procedure, to regain its market position.