Analytics in Pricing of India Business RX
- Drive quarterly and annual price hike in coordination with CFMs aiming topline benefit in time.
- Provide Insights to Business on the products pricing governed by NPPA and make informed decisions.
- Support business to achieve the Top line and bottom-line numbers as per therapy budget via pricing.
- Driving analytics and possibility of top line benefit by proper planning of Hike & MRP Implementation on new stocks.
- Maintaining Price Master with details of MRP, Margins alongwith hike due date for all products.
Key Accountabilities (2 / 6)
Addressing notifications and notices of NPPA
Responsible for addressing notification issued by government (NPPA) and complying with all the regulatory requirement.Addressing demand notices received from NPPA with supporting and reasoning.Preparing submissions to be made to NPPA for Preliminary Notices received & other data asked for by NPPAHelp the management in decision making with respect to new launches and upcoming regulatory changes.Taking action on all price related notifications and providing the Business with Insights as regards Impact & Mitigation Plan to reduce the impact on BusinessKey Accountabilities (3 / 6)
Automation & Simplification
Leading project on automation of existing data into single platform and driving insights from it.Driving Automation Project through vendors and successfully completing the UAT & Validation and ensuring Go-Live of the reports developed.Key Accountabilities (4 / 6)
Provisions & MIS
Making timely provisions for MRP Audit related cases & products which are Launched at Risk.Anticipating the Demand that can be raised in future and making provisions in books after discussion with Legal Team.Key Accountabilities (5 / 6)
Critical Stake holder management
Resolving the queries of Internal & External Auditors by maintaining proper records & working out calculations as is necessary.Ensuring MRP updations in system at material level for all products & at batch level for P2P & LL products & providing approvals wherever necessary for the MRP & stock acceptance.Monitoring the process change for Hike and ensuring that Inventory is packed with correct MRP as per defined process.Taking effective & immediate decisions on any deviations in MRP and providing suggestions & action plan to DepotsMajor Challenges
Dealing with multiple stakeholders across Finance, Supply Chain, Legal & Corporate Affairs and Business teamsSkills Required
Supply Chain Management, Pharma, Project Management, Mis, Finance Manager, Automation