The Pharmaceutical Industry, unlike other industries, faces a lot of pressure related to compliance, health safety and expiry concerns. Also, these challenges change with the country you are operating in or supplying the medicines. For example, a pharma manufacturing company cannot prepare one particular drug that is applicable for all the nations. The standards and regulatory compliance change as per the weather conditions, general health and other factors of the nations. Thus, there batches prepared as per the location of the pharma company delivers drugs worldwide.
Another major concern is the expiry date in the drugs. Unlike other manufacturing units like automotive spare parts or other products, Pharma, Food and Beverage industries cannot store the items for a longer time as their longevity is restricted to some period of time. Thus, there needs to be a robust management wherein an accurate, real-time record of the manufactured, stored and supplied items is maintained to avoid any further conspiracy.
Now having said all these, do you think mere manual efforts can keep a tab of all such activities using the traditional software or spreadsheets? What if a situation like the current times, Coronavirus pandemic arrives and majority of the concerned staff is forced to stay-at-home? The whole business would turn into an unmanaged unit with lots of wastage in raw material and lots of expiry drugs in stores. So, the answer is that it is the time to bring the change in the processes, the way we need to manage businesses, especially the one dealing in the healthcare sectors that are of utmost importance in the tying times. There is therefore a need for an intelligent system to manage end-to-end business processes – that is, Pharma ERP Software, SAP Business One.
SAP Business One Capabilities to Cater Pharma Industry
Get Rid of Expiry Issues Once and for All
Attain the high-level compliance and trust of the authorities and completely eliminate the expiry issues of the drug with efficient batch control management. Keep a tab on each tab, its date of manufacturing to expiry and make decisions accordingly.
Warehouse Management
SAP in Pharmaceutical Industry makes sure you never run out of stock/raw material to complete the orders. It ensures the efficient planning in the raw material storage plans while ensuring minimum wastage.
Price Management
Considering the rise in demand for basic antiviral drugs in the nation amid the Coronavirus outbreak, the government decided to change the drug prices overnight. However, this was quite complex to change the prices of the batches overnight just before supplying them in the market. But with SAP Business One Software in place, this was the matter of just a few simple clicks. The companies relying on SAP Business One as their Pharma ERP Software handled the situation efficiently without much of the efforts.
Also, as mentioned earlier, there’s absolutely no quality related issue as serious quality checks happen at every stage of the production from raw material to end-product to ensure compliance with the regulations.
Thus, SAP Business One is a complete suite to rely on for efficient workflow in every situation for the pharmaceutical business.