ERP SOFTWARE SOLUTION FOR PHARMACEUTICAL AND HEALTHCARE INDUSTRY
The pharmaceutical industry is a highly fragmented and regulated industry. In fact, the industry has undergone major transformation due to growing market demands and introduction of stringent regulations. Consequently, customers (patients) and regulators are seeking enhanced quality of care that too at reduced costs and increased transparency. To address these challenges, pharmaceutical companies need to re-engineer their business processes while ensure quick and informed decision making by having access to real-time data.
They should thus adapt and implement robust ERP softwares that can automate all the key business functions. An ERP software designed specifically for the pharmaceutical industry besides enabling the integration and consolidation of manufacturing processes across several units, also helps businesses to ensure transparency by keeping a track of critical operations including compliance, quality, costing, formulation and more. Furthermore, by integrating this software with their business operations, businesses can get access to accurate and actionable information in real-time.
With the right ERP (having extensive quality management and track and trace features) in place, pharmaceutical companies can readily organize their procurement processes, while ensuring reduced manufacturing and delivery time. Such a system also helps companies manage their finances with a clear understanding about payments and entire supply chain.
By integrating ERP software within their business processes, pharma companies can realize the following benefits:
Compliance to strict regulations
Real time traceability from beginning till end
Tracking of batches with yield reconciliation
Effective Inventory management via FEFO (First Expiration, First Out)
Eliminating wastage through Expiry alerts
Making accurate business decision with real-time batch monitoring.
Ensuring prompt response to customer demands
Streamline operational process flow to increase profits
Improve the quality, constancy, and speed of delivering drugs to the market.