Procurement & supply chain management practice in retail pharmacy business: a comprehensive study in context of Wellbeing Pharmacy

Abstract

This report delves into the current landscape of the Retail Pharmacy Industry in Bangladesh, highlighting its growth and prominence post the COVID-19 pandemic. The industry has witnessed significant expansion, with the launch of numerous new pharmacies during the pandemic and continued growth thereafter. Recognizing the promising future, major companies have begun investing in this sector. Despite its potential, there is a notable absence of a formalized supply chain structure in this industry. The report aims to shed light on the present scenario, future prospects, and key players in the retail pharmacy sector. Each chapter is strategically designed to provide valuable insights into different aspects of the industry. Chapter-1 offers a concise introduction to the industry, outlines the objectives of the report, and presents other relevant data. Chapter-2 shows the sources of the data of this research. Chapter-3 presents an overview of the sector, global trends, and best practices in the pharmacy domain. It explores techniques for effective supply chain management in pharmacies and discusses previous studies and research on the procurement and supply chain management of the retail pharmacy sector. Chapter-4 provides a detailed insight into the current procurement and supply chain practices of retail pharmacies in Bangladesh. Chapter-5 involves an in-depth analysis of a prominent retail pharmacy chain in Bangladesh, focusing on 'Wellbeing Pharmacy.' The chapter also discusses successful strategies implemented by leading pharmacies in the country. Chapter-6 highlights the Challenges, Opportunities and Recommendations on the retail pharmacy sector of Bangladesh. Finally, Chapter-7 offers a comprehensive conclusion, summarizing the key findings and insights obtained throughout the report.