Volume 14, Issue 11

A Comprehensive Literature Review on Cost Management in the Excipient Industry: Trends, Challenges, And Strategic Approaches

Author

Mr. Sharad Chandrakant Naik, Mr. Binod Prasad Dhakal, Mrs. Radhamani A, Mr. Pinasimham Ravimohan, Ms. Manjula Padanad

Abstract

Abstract:

Pharmaceutical excipients are essential inactive ingredients that form the foundation of modern drug formulations, representing a critical but often underappreciated component of the pharmaceutical supply chain. The global excipient industry faces unprecedented cost pressures stemming from raw material volatility, regulatory complexity, supply chain disruptions, and increasing quality standards. This comprehensive literature review examines contemporary trends, multifaceted challenges, and strategic approaches to cost management in the excipient industry. Through systematic analysis of academic literature, industry reports, and regulatory frameworks, this review identifies that raw material procurement constitutes a significant portion of manufacturing costs, with strategic initiatives such as natural excipient utilization, co-processing, and digital supply chain integration offering substantial cost reduction potential. The paper synthesizes evidence on lean manufacturing principles, continuous improvement methodologies, supplier relationship management, process automation, and quality by design frameworks as viable cost management strategies. Furthermore, this review highlights emerging trends including green excipients, multi-functional excipients, advanced analytics, and blockchain-enabled supply chain transparency. The research concludes that successful cost management in the excipient industry requires an integrated approach combining operational excellence, technological innovation, strategic sourcing, and regulatory compliance, while maintaining unwavering commitment to product quality and patient safety. 

DOI

https://doi.org/10.62226/ijarst20252586

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