What is Pharma ERP software?
Pharma ERP software is versatile software that automates various pharmaceutical processes such as production and quality assessment, formula management, cost budgeting, batch tracking, and marketing. It records product shelf life, corrections, non-conformities, 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 standards of quality and safety.
ERP in the pharmaceutical industry is a term used to describe sophisticated software systems created to connect and streamline numerous business operations at pharmaceutical companies. It helps you efficiently handle quality assurance, inventory, finance, sales, as well as research and development. Pharmaceutical businesses can increase productivity, ensure compliance with strict standards, streamline the supply chain, and make informed decisions with the help of ERP, ultimately supporting the creation, manufacturing, and distribution of safe and effective pharmaceutical products. ERP software for the pharmaceutical industry helps connect, integrate, and control 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 pharmaceutical companies solve the countless challenges they face. They can respond better to price fluctuations, rampant price wars, continuous innovation, competitive pricing, inconsistent quality, tighter government regulations, reverse engineering of pharmaceutical products, and a flood 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, reduce costs, and respond proactively to market price wars.
What are the key challenges
in the pharmaceutical industry?
Managinginventory
Inventory plays an important role in pharmaceutical companies. At times, shortages of medicines and other pharmaceutical-related 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 real-time inventory status reports on the ledger and manually ordering from suppliers is a time-consuming process.
Complying withregulationsset by the government is difficult
Governments around the world are issuing strict regulations to oversee pharmaceutical companies. And if you fail to comply, you may face heavy fines or risk having your company shut down. Creating 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 important statisticsis difficult
Building sustainable, long-lasting customer relationships is crucial for companies across industries. But to do that, pharmaceutical companies need a massive data warehouse to build competitive quotes. Without Pharma ERP, collecting 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. Therefore, pharmaceutical companies must maintain 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 pharmaceutical company's warehouse, and finished products from the warehouse to end users.
Determiningaccurate product costsis time-consuming and challenging
Tracking operating, material, and manufacturing costs manually is challenging for pharmaceutical companies. On the other hand, applying ERP in the pharmaceutical industry calculates the final product cost by factoring in 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, improving resource management, and effectively managing risk for pharmaceutical manufacturing businesses.
Automate inventory processes, helping track the movement of goods.
At the same time, the system also provides accurate information, synchronized with other processes at pharmaceutical manufacturing businesses.
As a result, all inventory management activities are optimized in terms of time and results.
SIS ERP software for the pharmaceutical industry has BATCH management flags that help you optimize inventory costs.
In addition, you can also assign expiry dates to manufactured batches through the First-Expired-First-Out (FEFO) principle.
It helps automatically allocate batches to a production order or a sales order.
Benefits of
Pharma ERP
Fully meet regulatory requirements
With ever-increasing legal requirements, companies need to comply with all applicable guidelines.
SIS ERP Pharma provides a comprehensive set of solutions that streamline the entire process to maintain compliance with various regulations.
Gain complete visibility into their operations and compliance programs while managing compliance efforts and improving their overall performance.
Simplify the audit process by providing automated workflow management processes.
Precisely automate workflows.
Update 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, limiting access to certain features and data.
Ensure that only authorized users can access data, preventing information leaks or incorrect information updates.
Serial numbers
Inventory status (Inspected, Accepted, Rejected)
- Manage batch and sub-batch numbers
- Manage downstream and upstream
- Manage expiry data
Track different units of measurement
Common practice at Pharmaceutical manufacturing businesses is to purchase raw materials in one unit of measurement, store them in the warehouse in another unit of measurement, convert them into finished products in yet another unit of measurement, and finally sell them in yet another unit of measurement.
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 costs in terms of weight, potency, size, solid ratio, and more.
SIS ERP for pharmaceutical manufacturing also accounts for product variants. When a solid converts into a liquid or
Real-time supply chain traceability
SIS ERP in the pharmaceutical industry delivers real-time traceability benefits, making it easy to track goods throughout their entire lifecycle. It also provides a complete set of supply chain management tools that enable pharmaceutical companies to:
Integrate sales management, including the sales process, automated transactions, invoicing, and logistics.
Manage purchasing, including auditing, supplier details, spending authorization, and more.
Manage inventory, including quantity management, inventory data, consumption analysis, and more.
Provide visibility into inventory levels, optimizing the distribution process.
Provide a way to track, monitor, and precisely view the status of batches, inventory, and processes throughout 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 efficient contract management and order processing. It maintains a huge 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 the order is ready, it generates automated workflows, eliminating the need for human involvement.
The marketing department can run promotional campaigns and track key statistics in real time. They can adjust campaigns based on changing market patterns and roll out strategies on the go. ERP software for pharmaceutical manufacturing companies also breaks down information barriers and allows critical business information to flow across departments.
This allows departments to work as a cohesive force and enhance the company's benefits. A single window allows pharmaceutical companies to handle everything from one place, saving time, effort, energy, and resources.
Ensure better quality
Supply chain management is an integral part of ERP for the pharmaceutical manufacturing industry. The time needed to transport raw materials from the supplier to the company, and then finished products from the company to the end customer, plays an essential role in determining the final cost of the product. SIS ERP monitors the entire supply chain management operation and ensures that the core functions needed to guarantee precise quality are applied. These include:
- Batch number management
- Sub-batch number management
- Serial number management
- Inventory status management (inspected, accepted, rejected)
- Expiry data management
- Retest management
- Traceability
- Compliance with government regulations
It monitors contract manufacturing guidelines that set rules on purity, identity, potency, and quality of medicines intended for consumers.
Workflows are trackable and can be validated. Audit trails are maintained at outsourced facilities.
Increased demand for the accuracy of control data
Frequently Asked Questions
Today, there are many businesses operating in the pharmaceutical manufacturing industry. To improve their competitiveness, they need detailed, comprehensive planning capabilities, regulatory compliance, and flexibility.
That's why SIS ERP has built a comprehensive solution for pharmaceutical manufacturing businesses, covering everything from management to production, sales, and inventory management.
SIS ERP for the pharmaceutical manufacturing industry helps businesses respond quickly to situations and product recalls. The SIS ERP solution is useful for maintaining manufacturing formulas, product safety, compliance with government regulations, and consumer concerns.The benefits ERP brings to the pharmaceutical manufacturing industry are as follows:
- Fully meet legal requirements, guidelines, and regulations.
- Help ensure effective data security.
- Track different units of measurement.
- Real-time supply chain traceability.
- Effective sales and marketing management.
- Ensure better quality.- Track production costs throughout the pharmaceutical manufacturing stage.
- Effective inventory tracking: Always keep detailed, accurate information about inventory levels up to date in the system, allowing the business to respond promptly to partners and customers.
- Improve on-time delivery: By reducing time spent on manual tasks, streamlining production and business processes, and helping the business make quick decisions.
- Real-time data sharing: With SIS ERP, you can share data with customers and partners in real time, increasing the accuracy of information and thereby improving collaboration efficiency.SISが対応する主要業界
