A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All
Tamboli, R. L.
- A Study of the CRM Strategies Adopted by the Pharmaceutical Companies at the Level of Retailers (Chemist) in Delhi City
Authors
1 Department of Management, Mewar University, Chittorgarh, Rajasthan, IN
2 Department of Management, Mewar University, Chittorgarh, Rajasthan, IN
Source
MERI-Journal of Management & IT, Vol 12, No 1 (2018), Pagination: 1-14Abstract
Background- Pharmaceutical companies often focus their CRM strategies towards doctors only. An important aspect that they ignore in the pharmaceutical prescription process is the role of chemist. The prescription written by the doctor is honoured by the chemist and more often than always, the brand prescribed by the doctor may get substituted at the chemist level in case the same is not available or if the patient insists on buying a low priced version of the same drug formulation. Role of chemist is therefore crucial in the sales generation of pharmaceutical products. However the irony of the situation is that effective relationship management at chemist level is still weak with majority of the pharmaceutical companies in India. This paper tries to analyze the extent of use of CRM strategies by the pharmaceutical companies and their effectiveness with chemists in Delhi city.
Methods- A sample of 150 Chemists from different areas of Delhi city were selected through Non-probability method sampling method. The selection of the chemist was based upon Judgement Sampling technique and the criteria of selection was based on vicinity(within 1 Km) to a major hospital/Nursing Home/Practicing doctor. The responses generated were marked on a 5 point Likert scale ranging from “Strongly disagree (score=1) to Strongly agree(score=5).
Results: While MR visits, conducting retailers meet, giving discounts, schemes & offers on purchase of products, gifts such as pen, writing pad, mugs, T-shirts etc. are commonly used offline CRM tactics at retail level. The online tactics include the use of specialized software like ERP solutions, CRM solutions and SCM software. Chemists keep stocks only once the prescription is generated from the doctor, not on the recommendation of MR.
Conclusions: Chemists find incentive schemes offered by the companies as the most lucrative and effective CRM tactic. Often in the initial stage when prescription of a new product is generated and the stock of the same is not available at the chemist counter than it is substituted with some other brand having same or similar molecule. E-CRM strategies are still not very popular with the chemist/pharmacist.
Keywords
Medical Representatives(MRs), Pharmaceutical Firms, Chemist, Doctors.
References
- Ahmed R.R. (2014). Pharmaceutical Marketing Mix Strategy and Physician’s Prescription Behaviour. The Pharma innovation journal, 3(7), 8-12.
- Buttle, F.(2003).Customer relationship management : Concepts and tools.1st ed. Oxford: Butterworth- Heinemann Publishing House, New York, USA.
- Chester D. T.(2012).The Benefits of Customer Relationship Management (CRM) in the Health care Industry. Journal of Issues in Information Systems, 13( 2), 397-403.
- Cerny, C.A., & Kaiser, H.F. (1977). A study of a measure of sampling adequacy for factor-analytic correlation matrices. Multivariate Behavioral Research, 12(1), 43-47.
- CXO Today Staff. Waheed. K.K.(2011, February 03). Dr. Reddy’s Laboratories deploys Salesforce CRM. Retrieved from www.cxotoday.com.
- Department of Pharmaceutical Technology. (2013, April 10). Role of Information Technology in Pharmaceutical industry. LJ Institute of Pharmacy, Ahmedabad. Retrieved from http://www.thehindubusinessline.com/2001/04/11/stories/141151zy.htm
- Kalotra, A. (2014). Marketing Strategies of Different Pharmaceutical Companies. Journal of Drug Delivery & Therapeutics.4(2), 64-71
- Kenneth, A.B., Lakhawat, P.S. and Chandra, A.(2016). Review study on factors affecting the prescription pattern of Physicians; Journal of Pharma Tutors. 4(4), 18-22
- Kumar, G.M. and Kumar, S.S.(2015). A Study on the Impact of Marketing Strategies Adopted by the Pharma Industry on the Doctors in Thanjavur. International Journal of Business and Administration Research Review. 1(12), 166-172
- Lal, A.(2001). Pharmaceutical Drug Promotion: How It Is Being Practiced in India?. The Journal of the Association of Physicians of India,49, 266-273.
- Mishra, V.P.and Vishwakarma, R.K.(2013). Changing Landscape in Marketing Strategies of Indian Pharmaceutical Industry . Shiv Shakti International Journal in Multidisciplinary and Academic Research. 2(6),1-10.
- Mohamed, J.(2014,September 03). An Overview of Pharmaceutical Marketing Practices in India. Retrieved from http://www.pharmainfo.net/book/overview-pharmaceutical-marketing-practices-india
- Muntean,O. (2004). Data Warehouse Solutions for CRM.International Conference on Computer Systems and Technologies-CompSysTech, 11-6-1-11-6-4
- Padhy K., Prasanta, Patnaik S.(2008).Implementation of Right CRM Strategy for Pharmaceutical Industry, Delhi Business Review 9(2),39- 46.
- Peters, S.M. and Peters, P.F. (2002). New wave Pharmaceutical selling, 1st ed., Black Dog Publishing,Co.,USA.
- Sharma, U.(2010, September 10).Bonding with customers. Retrieved from www.expresspharmaonline.com
- Sinha, R. and Kaushik, C. (2010). CRM in Pharmaceutical Sector: Meeting the Challenges of Changing Health care Environment. Conference on Information Processing, Management and Communications in Computer and Information Science, vol. 70. Springer, Berlin, Heidelberg
- Thomas P., Rainer A. (2001) Customer Relationship Management in the Pharmaceutical Industry, Proceedings of the 34th Hawaii International Conference on System Sciences - 2001