Tender Market (Manufacturer)
This market is brought about by MSD requiring to contract directly with Manufacturer. In this case our supplier bids for the tender and contracts directly with MSD. Tandapharm plays the agent role to facilitate smooth business transaction between MSD and our supplier. It is the responsibility of Tandapharm to make sure all communication between the contracting parties are relayed in time and that both parties understand their obligations. Tandapharm represents the supplier on all matters local and carries the power of attorney for local representation. In the event goods are not properly packed, labelled, parts are missing, or permits need to be resolved then Tandapharm, as a local agent, will step in to solve the problem so that MSD receives the good as expected.
Tandapharm costs of operations are met by the SUPPLIER.
Current Manufacturer Contract.
Tandapharm has secured several manufacturers’ contracts for its suppliers to MSD. In the one year period starting March 2018, the total value of Manufacturer contracts amount to over $3 Million. The company has set its targets to more than double the amount in the current year.