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 recent 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 NPPA
- Help 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 Business

Key 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 Depots

Major Challenges
- Dealing with multiple stakeholders across Finance, Supply Chain, Legal & Corporate Affairs and Business teams

📌 Team Member - Pricing Management (Pune)
🏢 Cipla
📍 Pune