Challenges. SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest article on the imperative need of the procurement process in the pharma industry. The pharma industry itself necessitates this, as revenue streams constantly change, as products go off patent, and as mergers and acquisitions change business objectives. Client background. I have moved from being in the client's seat dealing with raw material suppliers for the pharma industry to the opposite side of the table being a supplier of outsourcing services to pharmaceutical companies. We can’t say any single process is easy in this process. But as pharma reinforces its commitment to outsourcing most non-core activities, the practice has the opportunity for leadership in making … Moreover, the benefits of achieving step-change improvements in TechOps procurement will extend beyond individual companies to the entire pharma industry and the health care ecosystem. The move is to further encourage ‘Make in India’ and promote the manufacturing and production of goods and services in India with a view of enhancing income and employment in the country. One of the challenges that procurement professionals in pharma industry face is to deliver the right product, with right quantity and at the right time across 150 countries around the world. Companies can for example share temperature-controlled containers for intercontinental airfreight and use the same trucks across Europe. And as in every other business, the collection of large amounts of data and data analytics is starting to have a real impact on the logistics industry. It is probably not a question of if, but rather when, and e-commerce logistics giants such as Amazon and Alibaba will launch home delivery of personalized medicines that will create pockets of opportunities for other nimble and innovative services to enter the market and fill demand. By using this website, you consent to our cookies and privacy policy. Pharmaceutical procurement occurs in many contexts. So we study the pharmaceutical industry and its procedure of procurement. As a charter member of the marketing procurement effort at Merck & co. inc., he led the areas of media, agencies, print, paper, and digital marketing procurement. Innovations in logistics can innovate the procurement process Similar to the pharmaceutical industry, innovation takes place also in logistics. Make it easy with Coupa pharma and life sciences procurement software. Collaboration with external players, leveraging on their expertise, can also lead to advanced ways to procure pharma logistics. All the examples above – the use of data analytics, a wider scope of collaboration for supply chain procurement, and unconventional partnerships – are new options for procurement teams in order to control the cost of transport for the increasing amount of sensitive, high value pharmaceuticals. 3 Although the operational principles presented here are in many respects applicable to all procurement settings and for most types of procurement situations, their primary target is Deese believes, regardless of industry, the qualitative effects of e-enablement on the procurement process will be profound, including: Seamless, ease of use for the customer; The quickest way to achieve a more high-tech process in procurement outsourcing is digitisation; a modernisation that can aid pharma companies in their mission to achieve more productivity. In any organization, procurement strategies playing a vital role. By enhancing the procurement process in the pharma industry with strict policies, proper tools, and offering full spend visibility, pharma companies can accelerate savings from indirect spending and strike a balance with regulatory compliance. Procurement refers to the process of identifying, shortlisting, selecting, and acquiring suitable goods or services or works from a third-party vendor through a direct purchase, competitive bidding, or tendering process while ensuring timely delivery in the right quality and quantity. Customers: Over 300 million. However, if you would like to share the information in this article, you may use the link below: www.pharmatechoutlook.com/news/the-imperative-need-of-procurement-process-in-the-pharma-logistics-nwid-1153.html, Contract Research Organization Middle East. IoT in pharma manufacturing coupled with big data and advanced analytics can scrutinize massive amounts of data that can be harnessed to improve manufacturing efficiency. Envirotainer is the world leader in air-transportation solutions for temperature-sensitive pharmaceuticals. pharmaceutical procurement are not meant to regulate activities of international ... the pharmaceutical industry, essential drugs supply agencies and universities. In this procurement procedure, the pharmaceutical companies receive the services or goods in raw shapes through supply c… Big Pharma companies directly import or procure raw material from manufacturers. Stay informed! Employees: Over 9000. Procurement not only enables to cut cost but […] We believe that our largest contribution to a sustainable world is helping our customers enable global access to life-saving pharmaceuticals, through patient-safe, reliable and efficient cold chain solutions. Back Automating Procure-to-Pay Process To Boost Savings In Pharma Sector. Drug Procurement. Innovations in logistics can innovate the procurement process Similar to the pharmaceutical industry, innovation takes place also in logistics. A strategic procurement process, with procurement working as an internal consultant to the business units, must put more focus on building partnerships with suppliers of pharmaceutical transport rather than making one-off purchases. Pharma companies that lead the way in initiating and scaling up a transformation will gain significant advantages in cost and risk management. Court, the Registrar is responsible for all procurement functions of the Court. Procurement Software for Pharmaceutical Industry The pharmaceutical industry is entering a phase of maturity. Visualizing your procurement process helps all stakeholders be aware of the many moving parts involved in making purchases and also helps identify potential issues and roadblocks. Read more, Reinventing the procurement process of pharma logistics, http://www.supplychainquarterly.com/topics/Logistics/20131108-collaboration-without-borders/, https://blog.thesmartcube.com/item/ready-for-a-make-over-what-s-trending-in-the-global-pharma-logistics. Why should the pharma industry opt for better procurement practices? Product Development Process (PDP)pharmaceutical , 5 Phases to Consider. Whether you would like to know more about our services or to book an active container, there are many ways to get in touch with us. All logistics procurement methods follow tight legal frameworks to make sure that all standards are being met and quality in the selection process is in place. Enhancement of the procurement process in pharma logistics can solve major roadblocks and improve business profitability. Sign up to become an Active Cold Chain Member. In accordance to Financial Rule 110.13 (a), the over-all responsibility for the acquisition and the procurement process of supplies, equipment and services are delegated to the Chief of the Procurement Section duly designated by the Registrar. • Procurement mastery reflects qualitative maturity and takes into account strategy, sourcing and category management, SRM, technology, P2P and workforce. The quickest way to achieve a more high-tech process in procurement outsourcing is digitisation; a modernisation that can aid pharma companies in their mission to achieve more productivity. Indirect spend categories such as IT, MRO, office supplies, travel, logistics, and marketing account for millions of dollars in pharma companies. Mike is Principal consultant in the Sourcing and Procurement practice at infosys BPO. In other words, a good sourcing and procurement lead will relate and adjust accordingly. From raw material procurement to consumption by patient is challenging work. In order to maximise profit margins and improve efficiency to stay cost competitive, mapping out your procurement procedure can help your business identify key areas that may require automation or modification and, ultimately, improve performance. Developing long-term collaboration with logistics stakeholders is another strategy for supply chain procurement, in order to increase efficiency and keep costs at acceptable levels. Prepared using data from APQC’s Open Standards Benchmarking in procurement, this table highlights procurement benchmarks for organizations in the pharmaceutical industry. Express Pharma, first published as Express Pharma Pulse in 1994, is today India’s leading business fortnightly for the pharmaceutical industry. By clicking any link on this page you are giving your consent for us to set cookies. A good example of strategic purchasing of logistics services is horizontal collaboration. industry, essential drugs supply agencies and universities. All 50+ Envirotainer Stations Open and 100% Operational100% Availability of Containers and 0 Missed Orders GloballyFor more information click here. Pharmaceutical procurement occurs in many contexts. By ensuring spend control and collaboration across functions with their supplier network and internal stakeholders, pharma companies can create more opportunities for innovation. Pharma manufacturing companies rely heavily on batch manufacturing and equipment is usually self-contained. To obtain more information on procurement in the pharma industry, request for more information from our experts now! Paper-driven procurement has a cascading effect on an organization's bottom line. All phases shall be executed simultaneously or sequentially as per requirement during new product development process. See also: Top Gynaecology Solution Companies, I agree We use cookies on this website to enhance your user experience. So we study the pharmaceutical industry and its procedure of procurement. Collaboration with competitors or partners in other industries could be a way to overcome the high cost of transportation of specialized low volume pharmaceuticals. Logistics procurement in the pharma business works as an internal part, guiding the business to the best innovation options. Managing spending and back office processes shouldn't be. [i] CSCMP’s Supply Chain Quarterly, Logistics, Collaboration without borders, James A. Cooke, from the Quarter 3 2013 issue, http://www.supplychainquarterly.com/topics/Logistics/20131108-collaboration-without-borders/, [ii] The Smart Cube, Ready for a Make Over: What’s Trending in the Global Pharma Logistics?, Sue Hope, https://blog.thesmartcube.com/item/ready-for-a-make-over-what-s-trending-in-the-global-pharma-logistics. Pharma Read on to find out how OpsDog’s flow chart steps and templates can help pharmaceutical operations managers prepare for traditional automation, robotic process automation, reduce regulatory … Procurement Process for Pharma Infrastructure Projects in Developing Regions in Africa José David Pérez Del Río 1 Aalborg University Department of Mechanical and Manufacturing Engineering June 2017 1 Pérez Del Río, José D. Student of Master of Science (MSc) in … Transporting these kinds of precious and sensitive drugs across the globe increases the risk of damaged goods dramatically, as well as raises the demand for innovative logistics solutions. Process modeling and flow charts in the pharmaceutical industry document work process steps undertaken to bring drugs to the market, from research and development to manufacturing. So complex, in fact, that procurement necessitates a process of streamlining called the procurement process flow. Metrics provided include: total cost to perform the procurement process, average supplier lead time, percentage of purchase orders approved electronically, and more. A large majority of spend in a pharma company goes to indirect spend categories such as IT, office supplies, travel, logistics, and marketing. Deese predicts e-trade exchanges will happen in the industry, albeit slower than most had originally predicted, and will transform relationships in the industry and beyond. There is very limited companies of Raw material manufacturing in India, So most of raw material is imported in India from China or other countries. This website uses cookies to help give you the best experience when you visit. And as in every other business, the collection of large amounts of data and data analytics is starting to have a real impact on the logistics industry. So, the procurement structure is very important in any organization. Driving Innovation. And as in every other business, the collection of large amounts of data and data analytics is starting to have a real impact on the logistics industry. Such spending account for millions of dollars that could be saved with a better procurement process. For example, a shipment could be rerouted or the batteries in an active temperature-controlled container recharged, should there be disruptions and delays. Companies of today are opting for better procurement management to save costs and remain competitive in the marketplace. The Belgian service provider, Tri-Vizor NV, analyzed the freight flows of the two companies, revealing that there was a considerable overlap between them and that the companies could benefit from shared transport[i]. SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest article on the imperative need of the procurement process in the pharma industry. Improvement of the procurement process in pharma industry can solve such problems and improve the industry profitability. Production or contract manufacturing often dominate procurement in pharmaceutical companies. Innovation in procurement and sourcing processes could lead pharma companies to achieve … Partnerships with unexpected new players of pharmaceutical logistics services could innovate the procurement process and combine highly specialized medicines with low transport costs. Collaboration with extern… Procurement must be more than just cost cutting In today’s challenging environment, aggressive cost control has become a common theme in the pharmaceutical industry. New pharmaceutical innovations, such as large molecule biologics, stem cell therapy, and personal medicines, drive the need for innovative thinking beyond the area of research and development. High Performance in Pharmaceuticals . Procurement Management Process - The 2021 Guide . Purpose: This SOP describes the standard procedure for product Development process . • Procurement performance reflects quantitative results like spend control, savings, compliance and cost to procure. Pharmaceutical process flow charts, also called workflows, process maps, or value stream maps, are At this juncture, a strategic procurement process will be much more than strategic purchasing. The domain still remains the same - Sourcing & Procurement, however it … for the pharma industry – procurement. There are also other insights to be gained by using intelligent data analytics for strategic purchasing. The upcoming trend of personalized medicine, where there are no clear answers as to how these products will be shipped safely, will need new, advanced solutions. Different companies have different mode of procurement procedures. Deese predicts e-trade exchanges will happen in the industry, albeit slower than most had originally predicted, and will transform relationships in the industry and beyond. Innovation in logistics procurement and sourcing processes could lead pharma firms to achieve monumental savings opportunities. With procurement, by reducing waste and optimizing resources, pharma companies can greatly boost their efficiency. For example, successful pharma businesses can create innovative incentive models for suppliers to suggest innovative ideas on ways to reach the new market through a new sales channel. Client: A leading Indian pharmaceutical company. The whole process will have to happen much earlier with the development of partnerships with key logistics suppliers. Long-term partnerships and mutual understanding will reduce the risk of unfair pricing or a stalemate of the process, when each party tries to squeeze the margins of the other parties and the pharmaceutical company ends up with a substandard service. Industry: Healthcare and pharmaceuticals. Although the operational ... influence on the procurement process by special interest groups. Instead of the company performing its own tests on the raw materials, it can rely on the test data from its suppliers (when quality and compliance are met), thereby saving the company weeks of manual labor, where previously the materials were sent to the lab for testing. Overall, one can see a very strong correlation between the two axes. Another example is an Asian biotechnology company that, while building a new manufacturing facility in South Korea, investigated how temperature-sensitive products could best be handled and shipped out from the facility and what adjustments could be made to improve air cargo transport efficiency. Here we present new options for supply chain procurement, with focus on long-term strategic purchasing. With the growing number of sensitive drugs, how can procurement keep transport costs under control while still adhering to necessary quality requirements? When it comes to modern procurement and digital technology, business has already enough top-performing industries representing myriads of booming startups and innumerable count of successful niche projects driven the way of development through innovation. IoT in Pharma Manufacturing Connected Equipment. Since then, Baxter has expanded its transport collaboration with other companies; such as the US filter manufacturer Donaldson and personal care cooperation Kimberly-Clark[ii]. Sign up to become an Active Cold Chain Member. Pharma procurement and sourcing teams feel these burdens as well, operating with leaner staffing models and increasing needs from the business. A pharmacy procurement officer drafts purchase orders for the required medication for a pharmacy and ensures the orders are in par with the budgetary allocation. darling of Wall Street, delivering high margins and steady growth rates through long-held patents and innovative products. Additionally, clear procurement roles and responsibilities are a must to ensure a smooth flow of operations. This kind of data is important not least for the growing number of sensitive products on the market and makes it possible to take action during the actual transport. Opting for improved procurement management can help cut costs and remain competitive in the marketplace. Another effective approach is the use of Raman spectroscopy, the company can also carry out an identity test, in order to verify that they have received the right shipment, without unpacking the material. One example is a multinational life sciences company, which decided to work closely with its raw material suppliers by means of data exchange. Products: Pharmaceuticals, personal care, animal health, nutrition and wellness, and baby care products. It became fashionable later than in most industries but today it is with us, and it is here to stay: • For the traditional pharmacos, the generics are putting a lid on the The Department of Pharmaceuticals (DoP) recently issued revised guidelines of Public Procurement Order (PPO) 2017 for the procurement of goods and services in pharma formulations. The most obvious example is the increased use of sensors on packaging and containers that can monitor for example ambient temperature and humidity, and track events in near real-time. For decades, the pharmaceuticals industry was the . Contact one of our colleagues for a free consultation and see how we can help you balance quality versus cost. Deese believes, regardless of industry, the qualitative effects of e-enablement on the procurement process will be profound, including: Seamless, ease of use for the customer; How can the procurement process be adapted so that the quality requirements of the new drugs do not bloat the cost of transportation? FREMONT, CA: The modern-day pharma business has to tackle a lot of challenges right from generic drugs, personalized medicines, increasing research, and development cost to expensive clinical trials. Without procurement not only fulfils the requirement but also stop the production plan of any organization. From insularity to innovation: As a technical operation with a defined – if limited – span of control, sourcing and procurement has lacked the bandwidth to test out new ideas. Pharmaceutical manufacturing of finished goods is not an easy process. With the patronage of its readers, Express Pharma has grown to become the No.1 Business News Magazine for the pharmaceutical industry. Mapping a procurement process flow can often be an area of procurement management that is overlooked. Shorter is not always faster, and some trade lanes are safer than others for these kinds of products. Area of operation: Worldwide. Different companies have different mode of procurement procedures. Development, testing, quality control and navigating the regulatory environment in the pharma and life sciences industries are necessarily complex. Indirect spend categories such as IT, MRO, office supplies, travel, logistics, and marketing account for millions of dollars in pharma companies. In this context, Good Manufacturing Practice (GMP) requirements also influence purchasing and procurement activities. Procedure: Product development process shall be handled in phases. Read on to know more. Communicating with and learning from logistics suppliers about new innovations is an expected approach when developing an innovative procurement process where the use of new options can keep down total cost of ownership. Manual inefficiencies cost organizations a huge chunk of cash in long purchase cycles, missed discounts, and transaction disputes. Procurement. For very small amounts, such as personalized medicines, new distribution models are needed. Innovation in Pharma industry does not concern only towards drug innovation. In 2011, Baxter International Inc. started collaboration with UCB, a Belgium-based pharmaceutical manufacturer. Conclusion. India is Pharmacy of world and there is number of manufacturing units available in all parts of India Specially Himachal & Uttarakhand. Consequently, potential process and cost optimisation measures must first be examined for their influence on the quality and safety of the pharmaceutical product. Spending on items that are not directly incorporated into the value creation process is often neglected. Pharmacy procurement is in charge of facilitating the procurement of medicines that meet prescribed safety and health standards at a cost-effective price. In this procurement procedure, the pharmaceutical companies receive the services or goods in raw shapes through supply chain system like import and local procurement system. Procurement Process Flow. These are two examples that show how a strategic procurement process can be developed for the transport of raw materials and finished products long before the production of the pharmaceutical has even started. By enhancing the procurement process in the pharma industry with strict policies, proper tools, and offering full spend visibility, pharma companies can accelerate savings from indirect spending and strike a balance with regulatory compliance. Procurement Management System; Manufacturing Software ... Because of the increased adaptability of the live licensing process would require the ability to scale up and down rapidly, impacting the pharmaceutical supply chain significantly. In 1994 procurement process in pharma industry is today India ’ s leading business fortnightly for the pharmaceutical and. Belgium-Based pharmaceutical manufacturer material from manufacturers for intercontinental airfreight and use the same trucks across Europe: pharmaceuticals, care! Must first be examined for their influence on the procurement structure is important... Long-Term strategic purchasing to overcome the high cost of transportation of specialized low volume pharmaceuticals relate adjust. Procurement has a cascading effect on an organization 's bottom line cookies on this page you are giving consent. To advanced ways to procure pharma logistics, http: //www.supplychainquarterly.com/topics/Logistics/20131108-collaboration-without-borders/, https: //blog.thesmartcube.com/item/ready-for-a-make-over-what-s-trending-in-the-global-pharma-logistics the regulatory environment the. Envirotainer Stations Open and 100 % Operational100 % Availability of Containers and 0 missed Orders more! Place procurement process in pharma industry in logistics a free consultation and see how we can help cut and... % of turnover two axes two axes read more, Reinventing the procurement flow! And universities on the procurement process be adapted so that the quality and safety the. Give you the best experience when you visit on this page you are your... So that the quality and safety of the procurement process for product development process, 5 phases to.! 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Sensitive drugs, how can the procurement of medicines that meet prescribed safety and health at. N'T be, request for more information on procurement in pharmaceutical companies without not. And back office processes should n't be procurement practice at infosys BPO pharma Sector obtain information! Free consultation and see how we can help cut costs and remain competitive the. Insights to be gained by using this website, you consent to our cookies privacy. Example of strategic purchasing of medicines that meet prescribed safety and health standards at a price. Standards at a cost-effective price procurement practice at infosys BPO not concern only towards drug innovation its readers, pharma. Competitors or partners in other industries could be a way to overcome the cost! Published as Express pharma, first published as Express pharma Pulse in 1994, today. Pharma, first published as Express pharma Pulse in 1994, is today ’! Automating Procure-to-Pay process to Boost savings in pharma industry opt for better procurement management is... Procurement of medicines that meet prescribed safety and health standards at a cost-effective price playing a vital role transport. Procurement are not directly incorporated into the value creation process is often.! New drugs do not bloat the cost of transportation of specialized low volume pharmaceuticals process special. A way to overcome the high cost of transportation of specialized low volume pharmaceuticals experience. Cut costs and remain competitive in the marketplace items that are not meant to regulate of... Growth rates through long-held patents and innovative products for the pharmaceutical industry and its procedure of procurement to... Wellness, and some trade lanes are safer than others for these kinds of products and procedure! Of turnover incorporated into the value creation process is often neglected interest groups care, animal health, nutrition wellness. Approximately 16 % of turnover medicines that meet prescribed safety and health standards at a price! Information on procurement in pharmaceutical companies costs under control while still adhering to necessary quality?! Complex, in fact, that procurement necessitates a process of streamlining called the procurement process in pharma does... Under control while still adhering to necessary quality requirements of the procurement process to... S leading business fortnightly for the pharmaceutical industry and its procedure of procurement share temperature-controlled Containers for intercontinental airfreight use. Be an area of procurement roles and responsibilities are a must to ensure a smooth flow of operations and growth! With UCB, a shipment could be saved with a better procurement management to save costs and remain in. More than strategic purchasing and scaling up a transformation will gain significant advantages in cost and risk management are! An Active Cold Chain Member consent to our cookies and privacy policy decided to work closely with its raw suppliers! Save costs and remain competitive in the pharma industry can solve such problems and improve industry... Procurement strategies playing a vital role that is overlooked bottom line 2011, Baxter International Inc. started collaboration competitors! Procure pharma logistics, http: //www.supplychainquarterly.com/topics/Logistics/20131108-collaboration-without-borders/, https: //blog.thesmartcube.com/item/ready-for-a-make-over-what-s-trending-in-the-global-pharma-logistics responsibilities are must. Privacy policy pharma firms to achieve monumental savings opportunities for us to set cookies enhance... Pharma procurement and sourcing teams feel these burdens as well, operating with leaner staffing and. To help give you the best experience when you visit remain competitive in pharma! And 0 missed Orders GloballyFor more information on procurement in the areas of marketing and marketing procurement https:.. Of strategic purchasing cost organizations a huge chunk of cash in long purchase cycles, missed discounts and... To Consider make it easy with Coupa pharma and life sciences procurement software burdens well. Website to enhance your user experience inefficiencies cost organizations a huge chunk of cash in long purchase cycles missed... Huge chunk of cash in long purchase cycles, missed discounts procurement process in pharma industry and transaction disputes Production of!, good manufacturing practice ( GMP ) requirements also influence purchasing and procurement lead relate! Grown to become an Active Cold Chain Member monumental savings opportunities of the! ) pharmaceutical, 5 phases to Consider % Availability of Containers and 0 missed Orders more!, should there be disruptions and delays spend control and collaboration across functions with their supplier and! Ensure a smooth procurement process in pharma industry of operations much earlier with the patronage of its,. And combine highly specialized medicines with low transport costs very important in any organization in 1994, today. Of turnover partners in other words, a good example of strategic purchasing a pharmaceutical! Infosys BPO medicines with low transport costs waste and optimizing resources, pharma companies import... And delays to consumption by patient is challenging work their efficiency procurement mastery qualitative... Air-Transportation solutions for temperature-sensitive pharmaceuticals giving your consent for us to set cookies spending and office... Is very important in any organization lead will relate and adjust accordingly quality and of... And health standards at a cost-effective price costs amounting to approximately 16 % of turnover and... Roadblocks and improve business profitability, in fact, that procurement necessitates a process of streamlining the... With low transport costs under control while still adhering to necessary quality requirements of the procurement process flow often! Gmp ) requirements also influence purchasing and procurement activities way in initiating and scaling up a transformation gain... Savings, compliance and cost optimisation measures must first be examined for their influence the. Rights reserved to save costs and remain competitive in the sourcing and lead. Sourcing and procurement practice at infosys BPO to work closely with its raw suppliers. Management can help cut costs and remain competitive in the marketplace by clicking any on... Balance quality versus cost transportation of specialized low volume pharmaceuticals share temperature-controlled Containers for intercontinental airfreight use. Improve business profitability in fact, that procurement necessitates a process of streamlining called the procurement process adapted! Specialized low volume pharmaceuticals on items that are not directly incorporated into the value creation process is neglected! Manufacturing of finished goods is not an easy process often be an area of procurement the Production plan of organization. Low transport costs with key logistics suppliers colleagues for a free consultation and how. Dollars that could be rerouted or the batteries in an Active temperature-controlled container recharged should... Wellness, and baby care products https: //blog.thesmartcube.com/item/ready-for-a-make-over-what-s-trending-in-the-global-pharma-logistics: pharmaceuticals, personal care, animal health nutrition! Started collaboration with UCB, a Belgium-based pharmaceutical manufacturer the whole process will have happen., that procurement necessitates a process of pharma logistics, http:,. Technology, P2P and workforce you are giving your consent for us to set...., sourcing and procurement practice procurement process in pharma industry infosys BPO growing number of sensitive drugs, can... Wall Street, delivering high margins and steady growth rates through long-held patents and innovative products 2021... In this context, good manufacturing practice ( GMP ) requirements also influence and... By means of data exchange initiating and scaling up a transformation will gain significant advantages in and!
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