The company was established in October 20th, 1952 by Mr. Soedarpo Sastrosatomo and Mrs. Minarsih Soedarpo Sastrosatomo Wiranatakusumah under the name N.V. Perusahaan Dagang SOEDARPO CORPORATION.
The name change from N.V. Perusahaan Dagang Soedarpo Corporation into PT NVPD Soedarpo Corporation Tbk was made in accordance with the notarial deed No. 182 dated February 21st, 1990, drawn by Notary Raharti Sudjardjati, S.H., in Jakarta.
Based on the approval letter No. SI-090/SHM/MK.10/1990 dated March 22nd, 1990 from the Ministry of Finance of the Republic of Indonesia, the Company was listed in the Indonesian Stock Exchanges on May 7th, 1990.
In 2004, a Malaysian Company, Pharmaniaga Bhd acquired a strategic stake of 55%, making Pharmaniaga Bhd the major shareholder in PT. Millennium Pharmacon International Tbk.
PT. Millennium Pharmacon International Tbk is the biggest independent, national, public listed distributor of pharmaceutical products, food supplements and diagnostic products. It operates with 29 branch offices, 5 sub distributors, 3 pooling warehouses and 15 sales stations throughout Indonesia. The Company uses Oracle-EBS as it’s IT backbone in managing its backroom operations with real-time data processing thereby allowing access to immediate and accurate information.
The Company serves principals comprising both local and multinational companies. Their products are distributed to pharmacies, hospitals and drugstores nationwide.
Oracle Application Implementation for Oracle Distribution
Oracle Order Management is the central product used to capture and fulfill different types orders and returns from different sources. Some of the order types that are supported by Oracle Order Management are: Orders with standard items, orders with service items (warranties), orders with PTO Models and PTO Kits, orders with ATO Models and Kits, orders with CTO items, returns, drop shipments, sales agreements with releases, back to back and internal orders
An advance pricing agreement (APA) is an ahead of time agreement between a taxpayer and a taxing authority on an appropriate transfer pricing methodology (TPM) for some set of transactions at issue over a fixed period of time (called "Covered Transactions").