SAP B1 – A Game changer for Pharmaceutical Industry
Pharmaceutical industry in the Healthcare sector is one of the ever-growing industries since decades. This fascinating industry is complex and ever evolving that plays a very crucial role. From producing life-saving drugs to safe distribution of the medicines, pharmaceutical companies are at their forefront. Let’s delve into some challenges faced by this dynamic industry and get to know a handful of solutions that helps pharmaceutical industries to stay ahead of the curve and scale their businesses. Let’s get started!
Value proposition for Pharmaceutical Industry in Healthcare:
- Reducing cost by streamlining operations in the product manufacturing.
- Robust planning has to be done with scheduling Material Requirement Planning (MRP) module and mobile execution is handled with ease.
- Electronic Batch Manufacturing Record system (BMR) and Batch Packaging Record (BPR) is used by the companies which helps them to follow all the critical instructions while manufacturing medicines and drugs.
Challenges faced by Pharmaceutical Industry in Healthcare:
Along with benefits comes challenges on the go. This dynamic industry faces lot many challenges; may it be drug development or the management of their supply chain. A few difficulties faced by this industry are listed below:
- In order to produce drugs and medicines, it becomes tough to find a right source for good quality raw materials.
- Whether the Quality control is taken care of at the time of shipping the product to the retailer or the customer.
- Tracking and tracing the parcel from manufacturer to consumer; where the production finds it difficult to locate where exactly is the shipped product lying in the production cycle.
- Serialization or bar code application process on the label in order to fight counterfeit drugs.
- Difficulty in order fulfilment due to huge requirements.
- Deciding the cost of the product which should make good profit to the manufacturer.
After the pandemic, people all over the globe have started being more conscious about their health for themselves and their dear ones. So the pharmaceutical industry has a lot on their plate to cater to these increasing demands. To deal with the above challenges faced by this growing industry SAP Business One joins in to help these companies reach new heights.
There are a handful of reasons as to why SAP Business One ERP is the best solution for Healthcare and Pharmaceutical industries.
Firstly, the software provides organization with a mobile access to keep an eye on the updates which becomes a handy solution for the managers. Easy to use UI is an added advantage. To get the information on a single click whenever needed, the software provides with real-time data to the holder. Full control of the data is bestowed to the organization after its implementation.
SAP B1 is suited for Healthcare and Pharmaceutical industries because of its rich and robust features. It offers best customized solutions to the unique demands of this industry. SAP Business One assists pharmaceutical industry in streamlining their operations and increasing efficiency. It becomes trouble-free for the manufacturers to track and trace the order and save the customer’s data for future. SAP B1 software helps companies in monitoring production processes like mining, granulation, coating, tablet pressing and taking better decisions as and when necessary. Quality control, Bill of Material (BOM), dispatching the product are all done successfully with SAP Business One.
After successful SAP B1 implementation in the companies, challenges were resolved which later lead to:
- Improved profitability
- Cutting operational cost
- Better cash flow
- Good customer relationships
- Better hold on accounting and finances
- Reduced error
- Statutory Regulations and much more.
ERP for pharmaceutical industries are designed to be flexible and customizable to help companies in growing their businesses. Large amount of data and complex processes are taken care of by the software; which in turn helps companies to lighten a small amount of load from their plate and saving millions of lives. Breaking the barriers, pharmaceutical industry is leading the way towards healthier tomorrow.
Get in touch with SoftCore Solutions; a leading SAP Business One Partners in Pune for implementation of software for your domain. Book a call today!