How SAP Business One benefits the Pharma industry?by Sonia Mishra Quest for Excellence
The Pharma industry is grappled with major challenges to manage the complexity of the supply chain, maintain customer care records, monitor expiration dates, manage intricacies of everyday functioning, and staying compliant in the ever-changing environment. Coupled with this, now patients are tech-savvy, learned and they want to be educated about everything. This all sums up the challenges in this industry. So, what can be done to stay compliant, transparent, agile, and actionable ready? For Pharma companies, who want to stay ahead of the competition, there comes the need for an ERP which can help this industry innovate and manage all the complexities.
SAP Business One which is specially designed for Pharma firms offers an advanced set of tools to manage the intricacies of the Pharma industry. When it comes to maintaining highly regulated standards, or automating supply chain activities, or streamlining production processes or quality processes, we can depend on this software to manage it all. With pen and paper approach and even by spreadsheets, it was near to impossible to track down everything. As customers are becoming more technologically savvy, they also need reports online and on time without any errors. This also necessitates the need for a smart solution that gives real-time results and displays customer records in a fraction of seconds.
In this blog, we will quickly look at some of the areas which SAP B1 solves for the Pharmaceutical industry.
1. Stay Compliant and Manage the Intricacies of Manufacturing
When you have a robust solution in place, you can stay compliant with industry standards. With everything being automated, you can derive data faster and ensure the product meets the production guideline set by FDA, GMP, and other regulatory firms. Further, there is no scope of flaws or any fallacies as everything is automated.
2. Managing inventory and supplies with Warehouse Management
The Warehouse Management module in SAP B1 helps to plan inventory better. It keeps a close watch on inward and outward inventory making it simpler to manage and monitor all aspects of warehouse management. Further, there is less scope of discrepancies and raw material mismanagement. This ensures there is no or minimal wastage thereby maximizing profitability.
3. Expiration date Management
This feature is perhaps the most important among all. Since the Pharma industry is directly linked with health. So, expiry date management becomes the foremost for all companies. Since we know we can’t consume expiry dates medicines, likewise, manufacturers too keep a close tab on eradicating all the drugs which have neared expiry dates. The critical insights on each inventory can be closely monitored only when you have a robust ERP software in place.
4. Budget Management
SAP B1 helps all Pharmaceuticals to manage different stages required to bring a drug to market. This includes budget management and managing product versions and revisions. This information is vital to deliver insights for mitigating production costing and altering the production of any specified drugs if needed.
The best ERP software in India such as SAP Business One has garnered maximum attention from the Pharma industry for several reasons. ERP has time and again answered the call for all drug manufacturers by providing a robust solution to automate their business in their budget. An ERP software that is custom fit to their requirements and which can deliver the power, scalability, and robustness needed to scale high growth and sensitive business where health is directly involved. For companies looking to migrate to a standard and next-gen ERP solution, the best news is that they can align with the right partner to make it happen.
Created on Apr 28th 2020 05:44. Viewed 288 times.