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| The Challenges Of Third Party Logistics In Nigerian Pharmaceutical Industry |
Okoroafor, Sunday Adiele and Nwankwo, Sinclair Izuakulom
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Abstract:
Logistics outsourcing, also known as third party logistics (3PL) in supply chain management adds value, particularly with respect to improved customer service and reduce costs, by allowing the company to focus on its core competencies with logistics specialists focusing on providing the logistics services. This cannot be isolated from the pharmaceutical industry. The study reviewed outsourcing logistics in the pharmaceutical industry in Nigeria. Core Competences Theory formed the theoretical underpin under which this study was discussed. The research method which was qualitative was based on secondary data. The research design was historical/descriptive. The study showed that the overall trend in logistics outsourcing in pharmaceutical industry in Nigeria is moving in two directions: increase in the number of buyers of logistics services, and increase in the extent of usage of logistics services. It is recommended that the regulatory bodies in the pharmaceutical sector in Nigeria like the Pharmacist Council of Nigeria (PCN) and the National Agency for Food, Drug Administration and Control (NAFDAC) should enforce implementation of their regulations, guidelines, and policies that relate to access to safe medicines in Nigeria to improve equitable distribution of pharmaceutical products across the country.
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