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The Pharmaceutical Industry Says “I Do” to Enterprise Resource Planning Solutions
The pharmaceutical industry is incredibility competitive. There are big bucks to be made, and, whenever there are big bucks to be made it’s important to be on top of your game. Demand for pharmaceutical products has created this high dollar industry. Pharmaceutical manufacturers need to keep up with demand, new drugs, regulatory agencies, and more. To be a competitive player in the pharmaceutical industry, manufacturers need to run a tight ship. They need to be efficient, have a short production schedule to get the drugs to market, and exceptional quality control. How do they do all this? With a pharmaceutical Enterprise Resource Planning (ERP) solution of course!
Some specific goals many pharmaceutical companies aim to reach for include; adhering to cGMP, cGLP and Q7A regulatory needs for operation/ testing under the Food and Drug Administration (FDA), methods for improvised recipe management, effective formulation handling, streamlined procurement of raw materials, streamlined payments to suppliers, and reduced procurement time-cycles. Additional functionality a pharmaceutical ERP solution can provide you with is identification and tracking capabilities. These capabilities are vital in the event of a drug recall. Should a recall occur, you need to be able to respond quickly and efficiently. All of these goals can be achieved with the right pharmaceutical Enterprise Resource Planning solution. Knowing which pharmaceutical ERP solution is right for your business isn’t easy. There are several pharmaceutical ERP solutions on the market today. A rather popular pharmaceutical ERP solution is called Enterprise 21. Enterprise 21 allows you to meet regulatory requirements, provides compliance management functionality, enables good manufacturing practices, enables order-to-cash processing, enables complete ECN tracking, formula management has batch control functionality, has lot control and integrity functionality, and on-time production and shipment functionality. Another great pharmaceutical ERP solution is ORION Advantage@Pharma. This software enables expiry date tracking, batch quality testing documentation, formulation handling, quality control, details product definition, production management functionality, processing management functionality, and packaging line management.
Having a good pharmaceutical ERP solution can make or break your business. The task of choosing good pharmaceutical Enterprise Resource Planning software shouldn’t be taken lightly. Spend some time researching all of your options. Go to pharmaceutical Enterprise Resource Planning software vendor websites and demo their products. These vendors also provide ample documentation on their websites. You can ask for a free trial if the vendor doesn’t already offer one.
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