What are the advantages of ERP in pharmaceutical industry?
Efficient management of batch recipes is the most important and complex aspect of ERP system for the pharmaceutical industry. Every aspect of a pharmaceutical recipe must be documented. Here are some of the details required to be documented.
ingredients and information of their technical compositions, how much the ingredient cost and how much it cost to prepare the ingredient for use, and historical data about the ingredients, how they were received and from where, how they were stored, how they were processed/manufactured, how they were prepared for packaging, how they were packaged, where stored before shipping and all shipping data. Again, when any one aspect is altered, it changes the rest of the processes.
Pharmaceutical companies need to have an effective management application method to keep all this data in a proper manner and use them efficiently whenever required. Selection of a right ERP system is very important, especially one that is familiar with the pharmaceutical industry is crucial to gaining the most when it comes to financial savings and increased efficiencies.
Pharmaceutical companies that have implemented eresource ERP are gaining competitive advantages in their operational method.