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RESPONSIBILITY TO SUPPLIERS

Suppliers play an important role in the line of business chain. In the business

chain this suppliers are vital not just for supplying raw, half-prodused materials and

machineries but also for financing , informing as in a word helping the whole chainthrough exclusive prospects. Though Bangladesh is a growing country it lacks financers

and suppliers. As a result it is falling behind and behind. Thanks to some local and

multinational companies whose efforts has made a bit shine in this sectors. As concerningto Medical Sector, the supply and investment are better than those of others.

In Medicine Side most of the ingredients like chemicals, solutions, water and

other pediments are imported from foreign countries. Mostly South-East Asian countrieslike Japan, Chaina, Korea, and USA and some European countries are supplying these

medicines and equipments to Bangladesh.

If we see the prospects of social responsibility of BEXIMCO & GLAXO, we willfind some sectors of their CSR towards their suppliers:

Using materials

Utilizing equipments to the best

Payments

Intimative relationships

RESPONSIBILITY TO SUPPLIERS

Using materials Equipments Payments Intimacy

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When it comes in terms ofUSING MATERIALS these Medicine Companieshas served it well. Beximco is the largest in the sector of medicine. They are using about

raw materials of about 38 billion taka every year as their report suggests. They areimporting these materials from several companies of USA and Chaina.This companies

are supplying the materials as the local sector has survived. Also the equipments &

machineries worth of55 billion taka are imported each year by Beximco from Japan. Inthe other hand GSK is also effective. Like they are also using the materials of UK,

Chaina and Germany worth of about 27 billion taka and instruments of about 36 billions

taka per year. They are using these materials just not to support their productions but alsoresponding the social responsibilities of their suppliers. Their importing is helping the

suppliers economically and socially.

Utilizing the materials and machineries in a certain way helps both producerand suppliers in fundamented ways. Their conservative and efficient use has made it good

for these companies. Like Beximco has cut their cost of materials and machineries at

about 16%. Their efficient management has made it possible for them. As GSK has alsomade it good of7.39% as their annual report. But Jason was inefficient in this way. Like

they failed to reduce their cost but their cost has raised to24% and falled in loss of 32

millions in the year 2006. This consumption has helped not financially but alsoenvironmentally and socially. Their savings has made it right to spent more money to the

social welfare. As they are profiting and making it go, their work for sociality is moving

on.

Payments are major fact in the concern of organizations. Importers like Beximco,

Incepta, Gsk are paying all the money at regular intervals and going on. Their suppliesand payments are helping both the consumers and suppliers. Beximco has paid about 98billion taka to their suppliers over the year 2007. Gsk and Incepta also have made it

possible to their suppliers to support as they pay their debts in a spontaneous manner.

Intimative relationships are most important fact. No business may run without a

proper relationship. The whole business runs relying upon people. As we know that the

suppliers are foreigners and their support and relines is too much necessary for our localproducers. Its a great news that all the Bangladeshi producers like Baximco, Incepta, Gsk

and others have made a great relationship with foreign govt. and suppliers. Recently

Incepta has received an Award for their service in Ghanas illumination of diseases andsupply of medicines. Business Weak of June 2007 has a chart of responsible producers all

over the world where Beximco stood 45th and GSK 72nd.