The global pharmaceutical industry has made significant progress in recent years and is now one of the largest sectors of the healthcare economy.
Leading healthcare and pharmaceutical companies are implementing SAP Business One to improve the efficiency of business operations, increase employee productivity, and respond quickly to market demands.
Overview of SAP Business One for Pharma Industry
When compared to other industries, the pharmaceutical industry faces numerous challenges. It must address those difficult challenges while also living up to rising expectations. Pharmaceutical firms rely heavily on data management.
They rely heavily on data generated throughout the supply chain process, such as payment processing, inventory activity, production, customer orders, shipments, invoices, equipment maintenance, investments, taxes, and so on.
Companies can meet their specific business requirements, such as bulk storage and replenishment control, shelf life and batch control, product development and specifications, centralized and local purchasing, and quality compliance, with the help of a dedicated SAP Business One Add-on for Pharma.
They can also gain instant access to real-time data via analytical dashboards and reports, allowing them to make more informed decisions.
Modern Challenges Faced by Pharma Industry
- Lack of Process Integration
- Time-consuming Material traceability
- Tracking of expiration dates, rejections, rework, and waste
- Managing Outsourced Processes
- Sampling Management
- Compliance management in the face of frequent changes in government regulations
- BMR/BPR monitoring throughout the manufacturing process
- Keeping Quality with Various Parameters
- Calculations for Complex Formulations
- Keeping track of WIP inventory and associated costs
SAP Business One for Pharma Industry
Standardization: Business process standardisation
Compliance: Management of compliance in accordance with government regulations
Traceability: Bi-Directional Material traceability
Tracking: WIP batch tracking with yield reconciliation and automatic BMR and BPR creation
Elimination: Wastage elimination through Expiry alerts & FEFO based material consumption
Quality: Quality Management – IPQC, In process inspection and Certificate of Analysis
Reporting: Reporting on Management Information at Various Levels
Outsourcing: Manage outsourced lab testing like Microbiology Tests
You will need the assistance of a professional SAP partner to fully adapt SAP Business One to your needs. Osswal Infosystem will assist you with all aspects of implementation, including customization, training, and post-implementation support. We have a decade of experience, and our knowledgeable professionals will guarantee that your move to SAP Business One goes as easily as possible.