Getting started with the distribution of a product can seem like a daunting task when first setting out on your first business venture. However, it is possible to get this right with a huge return of investment regardless of where you will be selling your products. To help you get started with choosing your pharmaceutical distribution UKÂ method, we have compiled some information that you may need to know.
Apply For Distribution Licences
When looking to partake in pharmaceutical distribution, there are several licences that you need to obtain in order to distribute your product successfully. With the manufacturing licences as well as the licences for wholesale and distribution, these need to be obtained by the Medicines and Healthcare Products Regulatory Agency beforehand as a result to ensure that you have everything that you need to ensure that your products are distributed correctly.
Apply For Wholesaler Licences
In addition to distribution licences, it is important to look at wholesaler licences that your business needs in order to distribute products. This ensures that you have everything that you need to sell your products online or through wholesalers. These licences are also obtained through Medicines and Healthcare Products Regulatory Agency and other regulatory agencies and to ensure that you are eligible for these licences you need to ensure that you are in compliance with EU manufacturing processes, this will ensure that your products can be sent both nationally and internationally with the correct licences to get your product out to audiences.
How Long Does The Application Process Take
The application process for any of these licences take approximately 90 days to be assessed and will allow you to manufacture and sell your products with ease. Any variations of these licences will take a total of 30 days to be worked through and either accepted or denied. Should they deem it necessary to look into your application, this could be extended to a total of 90 days to ensure that you are eligible to distribute your products under these licences. When these have been applied for, you are then able to make strides to effective distribution.
Consider Where You Want Your Product Sold
The final element to consider with distribution is where you want your products to be sold. Whether it is in traditional supermarkets or in your own stores, distribution will be needed in order to keep up with supply and demand. Therefore, it is vital that you consider the distribution company you are looking to use as this can have a huge impact on your ability to sell items with ease. Though it will take time to ensure that you have secured a company that can work with you, this will prove valuable with the expansion of your business.
With this in mind, there are several ways that you can get a great return of investment by choosing the right distribution company that can fulfil orders not only in the UK but internationally. Where will you be starting with your distribution process.
