The most recent rapid advancement in the medical field, coupled with a large volume of supply across the globe, has resulted in innovative solutions to ease bottlenecks in supply chain disruptions. Keeping in mind the reach and efficacy of the formulations depending on prescription behaviour, region, and expertise in a market where these factors are constantly shifting can be challenging for marketers.
The pharmaceutical industry and its wholesale distributors are inextricably linked; the successful operation of either would be impossible without the other. One of the most efficient tools available for every wholesale distributor is our Special Pricing and Chargeback Management.
This agreement can be for each distributor holding one SPA or multiple SPAs with his manufacturers and vice-versa. Because of the intricate pricing cycle of the pharmaceutical sector, all costs and profit margins are to be calculated with the help of SPA. These profit margins are also properly known as rebates or chargeback processes.