Toll grinding is known by many different names, such as contract processing, custom manufacturing, toll conversion, toll grinding, tolling, toll manufacturing and toll milling, along with myriad other labels. Toll grinding for pharmaceutical companies entails contracting certain particle reduction processes out to third parties. This increasingly common concept involves a relationship between pharmaceutical manufacturers that pay a fee –referred to as a “toll” – to contracted material handling companies that perform specific material processing tasks. In short, pharmaceutical toll processing helps drug manufacturers adapt to fluctuating market conditions, address complex processes and manage rising costs.
Enhancing Profits: Toll Grinding for Pharmaceutical Companies
Third-party vendors that perform pharmaceutical toll processing generally provide their services at a lower cost than drug companies can. Toll processing enables manufacturers to take advantage of vendors’ production capabilities and expertise, which in turn allow them to meet greater market demand. In short, toll grinding for pharmaceutical companies is all about managing production costs to enhance profits.
With pharmaceutical toll processing, outsourcing specific material handling projects enables drug manufacturers to take advantage of specialized equipment and facilities as well as seasoned operators with extensive experience. This reduces their need to invest in expensive infrastructure and an experienced workforce or time-consuming training. Instead, drug companies can focus on core competencies like marketing or research and development.
By providing use of their state-of-the-art infrastructure and experienced personnel, pharmaceutical toll processing vendors speed the time it takes to get products to market, reduce overheads and provide greater flexibility through toll grinding. For pharmaceutical companies, these third parties also ensure drug manufacturers comply with government regulations and industry standards. All this improves efficiency and helps maximize profits.
Benefits of Pharmaceutical Toll Processing
Instead of investing in infrastructure and skilled labor, it’s often easier and less expensive for manufacturers to pay a set price, or toll. Grinding for pharmaceutical companies by vendors additionally benefits both parties. While third-party providers benefit from payments for their processing, manufacturers find the fixed costs of pharmaceutical toll processing advantageous when managing outlays. Pharmaceutical toll processing vendors also often provide a higher level of expertise, as their knowledge of materials and formulas allows them to better regulate moisture content, particle size distributions and product quality.
Benefits of pharmaceutical toll processing include:
- Being able to easily adjust and scale pharmaceutical production levels.
- Eliminating much of the need to track regulatory compliance and industry standards for drug production as these are largely done by the contracted company.
- Enabling quicker processing times to bring pharmaceutical products to market.
- Making the need to find additional floor space for onsite processes redundant.
- Negating the need for additional capital investments.
- Hiring engineers, operators or other skilled employees to plan processes and run equipment becomes unnecessary.
- Pricing is predetermined and generally more advantageous.
- Removing costs for equipment-related maintenance or the need to keep spare parts.
Outsourcing work allows drug manufacturers to concentrate their efforts on key competencies, such as developing and marketing new pharmaceutical products. Because of this, toll grinding for pharmaceutical companies has become popular due to its cost effectiveness. The monetary savings that result come primarily from not having to invest heavily in infrastructure and expertise, as the cost burden is instead on the vendor performing the pharmaceutical toll processing.
Pharmaceutical Toll Processing from Prater
Prater Industries offers pharmaceutical toll processing services that include particle size reduction and separation of materials. We understand that toll grinding for pharmaceutical companies is often needed for emergency and ongoing production as well as testing, research and development of new products. In conjunction with the expertise of our engineers, Prater provides cutting-edge facilities and equipment.
Prater Industries offers the following pharmaceutical toll processing services:
- Air classification
- Blending
- Briquetting
- Coarse grinding
- Coating
- Compacting
- Conditioning
- De-lumping
- Drying
- Fine grinding
- Mixing
- Screening and separation processes
- Separating fine materials
To learn more about our pharmaceutical toll processing, along with our other products and services, contact the material handling experts at Prater today.