An extensive analysis on the procurement process of consumer healthcare of GlaxoSmithKline Bangladesh

Abstract

GlaxoSmithKline (GSK) is one of the world‟s most profound research based pharmaceutical company. Having started its journey in 1861 in the pharmaceutical industry in Philadelphia GSK has excelled similarly in the healthy food drinks sector as well. GSK started its operation in Bangladesh as an importer in the year 1949. Later after settling down the company established its own manufacturing unit in Chittagong in 1967. Ever since its start GSK has given an extraordinary preference to its procurement department as this branch helps the company to concise its day to day activities in a systematic manner. This report as a result discusses how the procurement process is run in GSK. The whole process is divided in three parts that is the import procurement, commercial procurement and lastly the local procurement. Each and every process is discussed in the paper very briefly in separate segments. Moreover, this paper also includes a detailed understanding of the SWOT analysis of the whole procurement method. As a lesson learnt after completing my internship period at GSK at the procurement department I have included my own understanding of how this whole progression works from scratch to a finished product. Lastly this paper includes a separate section which incorporates few scopes of improvements for the whole procurement process of GSK Bangladesh.