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Flexible Facility Decision Eli Lilly case study
Essay specific features
Written by:
Gregory S
Date added:
February 3, 2014
Level:
University
Grade:
B
No of pages / words:
3 / 717
Was viewed:
4889 times
Rating of current essay:
Essay content:
This decline in rate is the consequence of increased pressure on drug margins because of diminishing price flexibility, slowing rate of innovation, and increased competition within the drug class and generic rivals. Moreover, the cost of developing a pharmaceutical product has increased 299% over the past 5 years...
displayed 300 characters
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Similar trends are seen in the cost of manufacturing; 60% increase as a percentage of sales by the year 2000.
The current manufacturing strategy implemented involves designing and building specialized plants. However, due to the declining market, increase costs and reduced share price Eli Lilly must implement a new manufacturing strategy in order to remain competitive within this market...
displayed 300 characters
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