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Risk Management in the Pharmaceutical Industry in Slovenian Companies

Author

Listed:
  • Bucalo Nina

    (Master’s-degree student in University in Maribor, Slovenia)

  • Jereb Borut

    (Associate Professor at the Faculty of Logistics, University of Maribor, Celje, Slovenia)

Abstract

The pharmaceutical industry is one of the most competitive businesses in the world. Supply chain in this industry has been directed towards the production of large batches to avoid lack of supplies, and the achievement of regulatory requirements, at the cost of high level of inventory, higher costs and inventory write-off due to expiration or other reasons. In recent years this industry is facing major changes and challenges such as intense globalization processes, increased competition and innovations in technologies, which has broadened and deepened risks in supply chain.The paper reports the results of the study of the risk in distribution processes of Slovenian pharmaceutical companies, which was conducted among five companies and aims to draw attention to risks that arise in supply chain, to emphasize the importance of their management and to present a model for an effective assessment of risk in companies, developed at the Faculty of Logistics.

Suggested Citation

  • Bucalo Nina & Jereb Borut, 2017. "Risk Management in the Pharmaceutical Industry in Slovenian Companies," Logistics, Supply Chain, Sustainability and Global Challenges, Sciendo, vol. 8(1), pages 42-49, May.
    • Handle: RePEc:vrs:losutr:v:8:y:2017:i:1:p:42-49:n:4
    DOI: 10.1515/jlst-2017-0004
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    References listed on IDEAS

    as
    1. Samuel Brako & David Asante & Noah Boakye Akosah, 2016. "Investigating the Risks in the Pharmaceutical Supply Chain in Ghana," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 6(6), pages 7-21, June.
    2. Borut Jereb & Teodora Ivanuša & Bojan Rosi, 2013. "Systemic Thinking and Requisite Holism in Mastering Logistics Risks: the Model for Identifying Risks in Organisations and Supply Chain," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 15(33), pages 56-73, February.
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