What are the main aspects to use ERP in pharmaceutical companies?

in pharmaceutical •  2 years ago 

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Pharma manufacturing procedures are quite intricate. A single careless move could endanger the consumer's life. Manufacturers are aware of how important this is and thus, they deploy a pharma ERP system that can help them in producing effective medicines that are true to its chemical composition and are entirely safe to consume.
The foundation of efficient pharma production operations is ERP software. These software offer a remarkable amount of support to improve the effectiveness and efficiency of supply chain management cycle and therefore, choosing the right fit plays a very important role.
However, manufacturers must be aware of their initial needs, their current business issues, and how the software will help them before selecting the best solution.
Following are some important aspects to consider while using an ERP in pharmaceutical companies:

  1. Formula management with complete formula security including audit trail, approval workflow and revision control
  2. Thorough R&D for the development of new products
  3. Contract manufacturing support with enhanced features like specialized costing and quotation for third party manufacturing
  4. Extensive Quality Control (QC) with sampling plan, stability testing
  5. Effective Quality Assurance (QA) to follow cGMP norms
  6. Master Production Scheduling (MPS) & Material Requirement Planning (MRP) for continuous flow of production
  7. Superior inventory management with shelf life/expiration support
  8. Bi-directional lot traceability and lot recall
  9. Granular level costing analysis helps to gain cutting edge over market competition
    One such ideal solution is BatchMaster ERP, a cost-effective and convenient cloud-based enterprise resource planning (ERP) solution that helps pharmaceutical industries in streamlining their key business processes, such as sales, purchases, inventories, production, quality control, compliance, planning, and more.
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