ERP for the Pharmaceutical Manufacturing Industry
What is Pharma ERP software? Pharma ERP software is a versatile tool that automates various pharmaceutical processes such as production and quality assessment, formula management... ...
What is Pharma ERP software?
Pharma ERP software is a versatile tool that automates various pharmaceutical processes such as production and quality assessment, formula management, cost budgeting, batch tracking, and marketing. It records product expiration dates, corrective actions, non-conformances, and other related data to provide end-to-end traceability and track product movement throughout the manufacturing process. Businesses can comply with strict regulatory requirements to meet the highest quality and safety standards.
ERP in the pharmaceutical industry is a term used to describe sophisticated software systems built to connect and streamline the many business operations of pharmaceutical companies. It lets you effectively handle quality assurance, inventory, finance, sales, and R&D. With the help of ERP, pharmaceutical businesses can boost productivity, ensure compliance with strict standards, streamline the supply chain, and make informed decisions — ultimately supporting the creation, manufacturing, and distribution of safe and effective pharmaceutical products. ERP software for the pharmaceutical industry connects, integrates, and controls every department within a chemical company while automating all pharmaceutical manufacturing functions such as inventory, planning, and more.
ERP software for pharmaceutical manufacturing helps modern pharma companies tackle the countless challenges they face. They can respond better to price volatility, rampant price wars, constant innovation, competitive pricing, inconsistent quality, tighter government regulation, reverse engineering of pharmaceutical products, and a stream of new entrants. For example, ERP tracks price fluctuations and current market demand to make informed strategic decisions. Similarly, it tracks the entire manufacturing process to identify areas of waste, eliminate waste, cut costs, and respond proactively to price wars in the market.
What are the key challenges
in the pharmaceutical industry?
Managinginventory
Inventory plays an important role for pharmaceutical companies. At times, shortages of drugs and other pharmaceutical products occur severely due to unforeseen situations such as the recent Covid-19 pandemic. In such cases, inventory levels can fall below the set threshold. In addition, creating and maintaining a real-time inventory-status report in a ledger and manually ordering from suppliers is a time-consuming process.
Compliance with governmentregulationsis difficult
Governments around the world are introducing strict regulations to oversee pharmaceutical companies. And if you fail to comply, you could face heavy fines or risk having your company shut down. Building a system of checks and balances, creating and validating invoices and receipts, and tracking changes in rules and regulations is impossible without pharmaceutical ERP software.
Monitoring key statisticsis difficult
Building a sustainable, long-term customer relationship is very important for companies in every industry. But to do that, pharmaceutical companies need a massive data warehouse to build competitive quotes. Without Pharma ERP, gathering customer segments based on geographic, demographic, psychographic, and behavioral data becomes difficult.
Manual product traceabilityis messy
Mandatory government regulations make product traceability essential for pharmaceutical companies. That's why pharmaceutical companies must keep detailed records of all product transactions, including past purchases. They also need to track the movement of goods and raw materials from suppliers to the pharma company's warehouse, and finished products from the warehouse to the end user.
Accurateproduct-costdecisions are time-consuming and challenging
Tracking operating, material, and manufacturing costs manually is a challenge for pharmaceutical companies. On the other hand, an ERP application in the pharmaceutical industry calculates the final product price by accounting for R&D costs, raw-material costs, customer incentives, insurance costs, and more.
Pharma ERP
The software provides a solution that optimizes the purchasing process, delivering real-time information and improving resource management and effective risk management for a pharmaceutical manufacturer.
Automates the inventory process, helping track goods movement.
At the same time, the system provides accurate information, synchronized with the pharmaceutical manufacturer's other processes.
This way, every inventory management activity is optimized for both time and results.
SIS ERP software for the pharmaceutical industry has a BATCH management flag to help you achieve inventory-cost efficiency.
You can also assign expiration dates to manufactured batches through First-Expired-First-Out (FEFO).
It helps automatically allocate batches to a production order or a sales order.
Benefits of
Pharma ERP
Fully meet regulatory requirements
With rising legal requirements, companies need to comply with all applicable guidelines.
SIS ERP Pharma provides a comprehensive solution suite that streamlines the entire process to maintain compliance with various regulations.
Achieve full visibility into your compliance activities and programs while managing compliance efforts and improving your overall performance.
Simplifies the audit process by providing automated workflow management.
Precisely automates workflows.
Updates inventory, production, and financial information.
Data is secured and protected with advanced encryption technology.
Data security
SIS ERP business management software can provide user-account access control, restricting access to certain features and data.
Ensures only authorized users can access data, preventing information leaks or updates with incorrect information.
Serial numbers
Inventory status (Inspected, Accepted, Rejected)
- Lot and sub-lot number management
- Upstream and downstream management
- Expiration data management
Track different units of measure
It's common practice in pharmaceutical manufacturing to purchase raw materials in one unit of measure, store them in the warehouse in another, convert them into finished products in yet another, and finally sell them in a different unit altogether.
This is only possible thanks to an ERP system. SIS ERP selects the appropriate weighing system and then converts the value instantly. This helps assess cost in terms of weight, potency, size, solid ratio, and more.
SIS ERP for pharmaceutical manufacturing also accounts for product variants — when a solid converts to a liquid, or
Real-time supply-chain traceability
SIS ERP in the pharmaceutical industry delivers the benefits of real-time traceability, making it easy to track goods across their entire lifecycle. It also provides a complete supply-chain management toolset enabling pharmaceutical companies to.
Integrate sales management, including the sales process, automated transactions, invoicing, and logistics.
Manage purchasing, including auditing, supplier details, spend authorization, and more.
Manage inventory, including quantity management, stock data, consumption analysis, and more.
Provide visibility into stock levels, optimizing the distribution process.
Provide a way to track, monitor, and see the exact status of batches, inventory, and processes across the entire supply chain.
Ensure compliance with industry regulations and optimize the manufacturing process.
Sales and marketing management
Pharma ERP software has many predefined templates that enable effective contract management and order processing. It maintains a massive repository of customer data and updates it regularly. Pharma ERP builds competitive quotes based on the following factors:
- Geographic data
- Demographic data
- Behavioral data
- Past purchase patterns
- Recent purchases
Once an order is ready, it generates automated workflows, eliminating the need for human intervention.
The marketing department can run advertising campaigns and track key statistics in real time. They can adjust campaigns based on shifting market patterns and roll out strategies on the go. ERP software for pharmaceutical manufacturers also breaks down information barriers and lets important business information flow across departments.
This lets departments work as a cohesive force and boost the company's bottom line. A single window lets pharmaceutical companies handle everything from one place, saving time, effort, energy, and resources.
Better quality assurance
Supply-chain management is an integral part of ERP for the Pharmaceutical manufacturing industry. The time needed to ship raw materials from a supplier to the company, and then finished products from the company to the end customer, plays an essential role in determining a product's final cost. SIS ERP oversees the entire supply-chain management operation and ensures the core functions needed for precise quality assurance are all applied. These include:
- Lot number management
- Sub-lot number management
- Serial number management
- Inventory status management (inspected, accepted, rejected)
- Expiration data management
- Retest management
- Traceability
- Compliance with Government regulations
It monitors contract-manufacturing guidelines that set the rules for the purity, identity, strength, and quality of drugs intended for consumers.
Workflows are traceable and can be validated. Audit trails at outsourced facilities.
Growing demand for accuracy in control data
Frequently Asked Questions
Today, many businesses operate in pharmaceutical manufacturing, and to boost competitiveness, they need detailed, comprehensive planning capability that stays compliant with regulations and flexible.
That's why SIS ERP has built a comprehensive solution for pharmaceutical manufacturers, spanning management, production, sales, and inventory management.
SIS ERP for the pharmaceutical manufacturing industry helps businesses respond quickly to incidents and product recalls. The SIS ERP solution is valuable for maintaining manufacturing formulas, product safety, government regulatory compliance, and consumer issues.The benefits ERP brings to the pharmaceutical manufacturing industry include:
- Fully meeting legal requirements, guidelines, and regulations.
- Helps secure data effectively.
- Tracks different units of measure.
- Real-time supply-chain traceability.
- Effective sales and marketing management.
- Better quality assurance.- Tracks production costs throughout the pharmaceutical manufacturing stage.
- Effective inventory tracking: Always keeps detailed, accurate information on stock levels in the system, letting a business respond promptly to partners and customers.
- Improved on-time delivery: Thanks to less time spent on manual steps, a streamlined production and business process, and faster business decisions.
- Real-time data sharing: SIS ERP lets you share data with customers and partners in real time, improving data accuracy and boosting collaboration effectiveness.
