What is 'wholesale acquisition cost' in SAP CRM-IPH - Pharmaceuticals?

wholesale acquisition cost - Overview

• Component: CRM-IPH

• Component Name: Pharmaceuticals

• Description: Price at which the manufacturer brand owner sells to the wholesaler channel partner.

wholesale acquisition cost - Details

• 
  Key Concepts: 
  Wholesale Acquisition Cost (WAC) is a term used in the pharmaceutical industry to refer to the price that a wholesaler pays to acquire a drug from the manufacturer. It is the price that a wholesaler pays for a drug before any discounts or rebates are applied. WAC is used by pharmaceutical companies to set prices for their products and by insurance companies to determine reimbursement rates. 
  
  How to use it: 
  In SAP CRM-IPH Pharmaceuticals, WAC is used to set prices for drugs and to determine reimbursement rates. The WAC is entered into the system and then used to calculate the prices of drugs and the reimbursement rates for insurance companies. The WAC can also be used to compare prices between different manufacturers and wholesalers. 
  
  Tips & Tricks: 
  When entering WAC into SAP CRM-IPH Pharmaceuticals, it is important to make sure that the correct currency is used. This will ensure that the prices and reimbursement rates are calculated correctly. Additionally, it is important to keep track of any changes in WAC as this can affect the prices and reimbursement rates. 
  
  Related Information: 
  The National Average Wholesale Acquisition Cost (NAWAC) is a term used in the United States to refer to the average price that wholesalers pay for drugs from manufacturers. The NAWAC is used by insurance companies in the United States to determine reimbursement