Page 15 - CIMA SCS Workbook November 2018 - Day 1 Suggested Solutions
P. 15
SUGGESTED SOLUTIONS
appropriate action is taken against any suspected breaches
of patents.
Supply chain quality M Regular supplier audit and approved supplier lists.
It is currently unclear what IT policies are in place at Novak,
IT/Cyber security H but regular staff training and maintaining up to date
software will be key elements.
Patents run out before sufficient Efficient operations and experienced drug developers should
L
returns are made mean that this doesn’t happen.
Regular H&S training and monitoring should be carried out
Health & Safety M
within the factories and research centres.
A hedging policy for transaction risk, potentially using
Foreign exchange risk L internal methods given the size of operation there could be
a strong treasury function.
Again a strong treasury function with good relationships
Interest rate risk M
with external lenders would help here.
KAPLAN PUBLISHING 55
