Pharmaceutical companies make a valuable contribution to improving healthcare because medicine is one of the most effective ways to prevent, heal and cure diseases and other issues. An ERP solution is an important component in the pharmaceutical manufacturing industry.
The Role of the Pharmaceutical Industry
Pharmaceutical products play an important role in healthcare. Good health is a critical part of social and economic progress because a healthy population lives longer, is more productive and saves more. Improving global health, particularly among the poor, is a worldwide priority.
The pharmaceutical industry is governed by a variety of strict laws and regulations that must be adhered to. It is vital that companies in the pharmaceutical industry have the proper tools and systems to streamline and automate processes, from manufacturing to delivery.
Having an ERP solution for your pharmaceutical manufacturing business can help you keep track of raw materials, inventory, packaging, regulations, etc. Manual tracking on this scale would undoubtedly result in numerous errors and inefficient business processes.
By implementing an ERP solution to help manage your business processes will not only improves visibility in your business, but will also give you the tools needed to operate more efficiently and profitably.
The Role of CRM
Many manufacturing companies also make use of a Customer Relationship Management (CRM) system to help manage their business and improve sales. When a pharmaceutical manufacturing company leverages both, a valuable solution is to integrate the data from the ERP and CRM with Commercient SYNC, the #1 data integration platform for sales.
Commercient SYNC’s important data from the pharmaceutical ERP to the CRM, such as stock levels of raw material, lead times, and more. This can help give delivery estimates to customers.
Other ERP to CRM SYNC’d information includes customer data, invoicing, bill to and mail to addresses, terms, serial numbers, etc. In addition, data such as new orders, new and updated accounts, and more, are integrated from CRM to the ERP.
Benefits of Using a Pharmaceutical ERP Solution
- Managing and tracking ingredients and products
- Ensuring quality control requirements are met at all times
- Stock level management
- Reduced production costs
- Optimized production process
- Conformance with regulatory standards
- Access to real time data
- Quick and easy reporting dashboards
- Improved customer service
- Increased profits
- Reduction of errors
When sourcing an ERP solution, make sure that the software of your choice caters to your individual business needs. It must have the features required to manage your specific business processes.
Features That Your Pharmaceutical ERP Solution Must Have
- Recipe management
- Specific inventory management
- Quality control management
- Title 21 CFR Part 11 management
Examples of Pharmaceutical ERP’s
- SAP Business One
- Sage Business Cloud Enterprise Management
- Microsoft Dynamics AX
- Microsoft Dynamics Business Central (NAV)
An industry-compatible ERP system should manage the entire process from receiving raw materials to shipping product out of the warehouse. If any one process is not met, then the system is not the right fit for your business.
For assistance with choosing the appropriate pharmaceutical ERP, please visit our partner, Edgeware.
About the Author
Anna Kinnear is a Sage Financials Consultant at Edgeware, and holds a Bachelor’s Degree in Accounting Science from the University of South Africa. She has always had a passion for reading and writing.