VIRTUAL PHARMACEUTICAL COMPANY (VPC)
Group members:
•Dastgeer Khan-Leader 11338•Barsha Javed 11321•Anna Rafique 11315•Mehwish Khan11353•Tullat Rasool 11316
5 MUSKETEERS
INTRODUCTION TO FIELD
Pharmaceutical is basically the profession of health that links the health sciences with the chemical sciences and it is charged with ensuring the safe and effective use of medicines. The word Pharmacy is derived from Greek (pharmakon), meaning "drug" or "medicine". The pharmaceutical industry develops, produces, and markets drugs licensed for use as medications.
INTRODUCTION TO COMPANY
• Virtual pharmaceutical company (VPC) is a manufacturing based pharmaceutical company.
• Currently our business is running in Pakistan, focusing 5 Zones (Gujranwala, Lahore, Islamabad, Karachi and Peshawar). • We produce pain killers & cough syrups.
MISSION
We have a challenging and inspiring mission:
“To improve the quality of human life by enabling people to do more, feel better and live longer”.
This mission gives us the purpose to develop innovative medicines and products that help millions of people around the Pakistan.
ORGANIZATIONAL STRUCTURE
ORGANIZATIONAL STRUCTURE
Plant Raiwind Rd LHR + H.O
Sub Offices
GRW ISB KCH Peshawar
Head Office may include following departments:
HEAD OFFICE
ADMIN DEPT
BOD
CEO
General Secretary
Managers
QA DEPT
CQA
Asst. QA
Member
MTO
Finance DEPT
CFO
Finance Manager
Asst. Finance Manager
MTO
Accounting Dept
Inventory Reports
Purchase
Sales
M.T.O
Internal Audit Dept
Senior auditor
Junior auditors
Members
MKT DEPT
Chief MKT
P.R. Manager
Advertising
M.T.O
Purchase DEPT
CPM
Asst .P.M
Junior PM
M.T.O
SALES DEPT
CSM
Asst .S.M
Junior SM
M.T.O
HRM Dept R & D
Dept
IT DEPT Inventory
Dept
EMPLOYEE HIERARCHY
No. of employees in Finance
7 members
1 1 1 4
CFO Finance Manager Asst. Finance Manager MTO
No. of employees in internal audit department
5 members
1 1 3 Senior auditor Junior auditors Members
No. of employees in Accounting dept 16 members
1 1 14
Accounts manager Assist. Accounts Manager MTO
Head of accounts 1 Head of accounts 2
1 1Supervisor Supervisor
2 2 2 2 2 2 Purchase Sale Inventory Payroll Tax Payables &
returns receivables
SYSTEM OF ACCOUNTING DEPT
Reports of sales dept
Reports of purchase
dept.
Reports of other dept.
Reports of finance dept.
Assistant Accounts Manager
Accounts department
Accounts manager
SalesPurchase
Head of accounts 2
Head of accounts 1
Tax returnsPayrollInventory Payables and receivables
M.T.O’s M.T.O’s
FINANCE DEPT
Debtors
Budget decide
Allocation of finance
Creditors Employees
Requisition Filled
Finance manager
Accepted list prepare
Allocate
Finance
CFO
CFO
Assist. Finance manager
Acc
epte
d/R
ejec
ted
quot
atio
ns
Allocation of Finance
Accepted Report
Finance quotation from other
dept.
Allocate
Finance
Quotation
Accepted/rejected Quotation
Senior auditors
H.O
Junior auditors
Members
Verification of assets
if any
Inventory DEPT
Accounting DEPT
MKT DEPT
Purchase DEPT
Sales DEPT
HR DEPT
R&D DEPT
IT DEPT
RE
PO
RT
Reports
AU
DIT
DE
PT Audit
department
ADMIN DEPT
QA DEPT
Finance DEPT
OGOR Software
INTERNAL AUDIT
An audit will comprise of four stages:•Planning•Fieldwork •Reporting•Follow-up
OBJECTIVE OF OUR INTERNAL CONTROL SYSTEM:
1. Efficiency of the work2. Effectiveness of the work3. Consistency of the true picture of the company4. To eliminate the errors and frauds5. To reduce manual efforts6. Comprehensive information of the company7. To stabilize the system8. To help in making unqualified report by the auditors in the final audit9. Reduce the burden of the accounts department
SYSTEM TRANSPARENCY
DUE TO REPORT SYSTEM OF OUR COMPANY:
• In every department and sub offices 2 reports in a day
• 1st report at 1 P.M to concerning departments head & 2nd report to the audit department
• Accounts department send report to the head department of accounts & after verification final reports send to the audit department
• .Logins will be given to every department whereas it will be controlled by H.O
• Logins will be given to our supplier out of the city or country so that they may get an access to our industry regarding supplies.
PurchasesPurchases
InventoryInventory
AccountsAccounts
AuditAudit
H.R.MH.R.M Quality assuranceQuality assurance
AdminAdmin
I.TI.T
FinanceFinance
MarketingMarketing
R & DR & DSalesSales
2000 GB
20000 GB20000 GB
PeshawarGujranwala IslamabadKarachi
2000 GB 2000 GB 2000 GB 2000 GB