Advice You - Business

Overview :
Knowledge Processing Outsourcing is popularly known as a KPO. Business Processing Outsourc

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

ing or BPO Industry turning into Knowledge Process Outsourcing. KPO Industry handeling more high skilled

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

work than BPO Industry.

Todays information driven knowledge economy creating daily basis new business o

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

pportunities for companies. Knowledge process outsourcing or KPO will bring huge Jobs Opportunities in coming f

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

ture.

What is KPO (Knowledge Processing Outsourcing)?

Information is Knowledge. Todays

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

economy is Knowledge economy. Knowledge processing is a continuous process of creation and dissemination of inf

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

ormation by bringing together the information industry leaders to create knowledge and see meaning in informati

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

n and its context. This Information driven Knowledge outsourcing in known as Knowledge Processing Outsourcing o

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

KPO.

Why KPO?

KPO helps companies to create huge business opportunities. Many new busines

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

s concepts coming day by day in Knowledge Processing Outsourcing Industry.

Who can get Benefits of

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

PO

Emerging KPO opportunities in following sectors:

e-Marketing
Retail Indu

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

try

Research & Development

Business and Technical Analysis

Learning Solutions

Animation

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

& Design

Business & Market Research

Pharmaceuticals and Biotechnology

Medical Services

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

riting & Content Development

Legal Services

Intellectual Property (IP) Research

Data Analyti

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

Network Management

Training & Consultancy

How Data Synchronization tools can hel

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

p KPO sector ?

Data Synchronization tools Software helping companies to access thier data from any l

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

cations. Companies can develop various types of softwares for different different KPO perpose and process data

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

rom Branch Automation Tool.

Retail companies can get sales and stock reports using Data Synchronizatio

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

n tools Software. Manufacturering companies can use branch automation tool to access thire Data from various lo

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ations. Dealers and Distributors can process purchase orders to manucaturers through Data Synchronization tools

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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