Target products and services

The products offered by the fine-chemical industry fall into two broad categories (1) exclusives and standard or (2) catalog products. Serviceintensive exclusives , provided mostly through contract research or custom manufacturing arrangements, prevail in business with life science companies standards prevail in other target markets. 

As mentioned before (see Section 11.1), the lifecycle of a specialty chemical lends itself for the identification of business opportunities. This is particularly the case for PFCs, but, mutatis mutandis, it also applies for agrochemicals and other target products. 

Development Stage PreclinicaP Phase I Phase II Phase III Prelannch  

Key activities CR Synthesis sequence selection Development of second-generation Regular production 

Double-blind trials with hundreds to thousands of patients suffering from the relevant disease to get more information on efficacy, safety, and side effects preparation of registration documents. 

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Over the past decade, we have seen drastic changes in the world around us. There has been more competition in terms of quality, and companies have to do more work, accomplish targets, and be proactive rather than reactive. All this must be accomplished with fewer people. In addition, the quality must be better than ever, due to competitive forces and consumer demands. Since the beginning of the new millennium, it is evident that we are working in a global village where it is impossible for a company to survive without offering quality products and services. 

Tigercat. Brit close-range surface-to-air missile system, in production and service. This system was evolved specifically as a simple guided weapon with instant readiness for the point defense of airfields and other important potential target areas on land... 

With many products and services, design occurs at the subsystem level where many target components and processes interact to create the final solution. Thus, when you re defining performance and perception expectations, you need to agree on which part of the solution—target or final—is the focus. 

The decision to conduct a local pharmacoeconomic study is not without its own costs. Because both time and monetary resources are consumed by these evaluations, specific pharmacy products and services for pharmacoeconomic evaluation should be targeted. Thus this strategy should be reserved for pharmacy decisions that may have a significant impact on cost or quality of care. 

The prescriptive system is the simplest to understand and centres on inspection. With this methodology, one defines, adopts or inherits a series of binary criteria or requirements often set out as a checklist. The criteria are applied to the target product or service and, if all requirements are met, the product is deemed safe . If any requirement is not met steps are taken to address the specific problem and once dealt with the box is ticked. The criteria may be broad or specific and, in some cases, may be prescribed by a regulatory authority, commercial contract or procurement rule. 

Target costing A strategic profit planning and cost management system that incorporates a strict focus on customer wants, needs, and values, and translates them into delivered products and services. A variation is using cost as a design criterion in product development. 

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