Growth in the pharmaceutical sector is challenging and slow. The critical nature of the pharma industry doesn’t allow it to run like others as lives are at stake. Here, growth is measured and once a business takes a lead, it compounds and becomes difficult for others to catch up and surpass. Hence, it becomes vital to adopt a resilient and reliable system that takes you to the top with ease. Is there such a system?
Yes. An enterprise resource planning (ERP) software is the answer. Here, SAP Business One pulls ahead of the rest of the ERPs. An ERP adopted by over 1,00,000+ businesses globally must hold an edge over the others. Let’s find out why SAP Business One is the ultimate and the only ERP solution your pharma business will require.
Major Pharmaceutical Challenges while Scaling:
1. Expanding Product Formulations
2. Complex Supply Chains
3. Batch Traceability & Quality Control
SAP Business One for Pharmaceutical:
SAP Business One ERP solution provides a host of tools and functionality that solve pharma manufacturing challenges. As an ERP, it helps pharma companies with;
1. Product Formulations: As you scale your pharma business, you will naturally expand your products. Each of these products will further have multiple versions. Here, pharma manufacturers seek a solution that enables them to build on their base product recipe or create a new one from scratch.
Either way, SAP Business One enables bill of materials (BOM) support for the pharma. Bill of materials enables manufacturers to mention the exact resources and operations involved in the manufacture of a product. By tweaking these BOMs, pharma manufacturers can spin off new variants of their existing product lineup. Or they can altogether create a fresh BOM for a new product. Multiple BOMs can be stored and accessed as required in the system. Further, SAP Business One also supports multi-level BOMs which help formulate trickier recipes that can enable a manufacturer to gain an edge in the market.
2. Supply Chain Management: The supply chain in pharma is a complex beast. There are multiple plants, warehouses, suppliers, cold storage, and so many more factors involved. Management of each of these areas is crucial if you wish to scale your pharma business reliably and sustainably.
SAP Business One provides through streamlining of the supply chain for pharmaceuticals. This enables businesses to catch any disruptions in the supply chain instantly and ensure it is moving as expected. A strong and resilient supply chain is the key to building a scalable pharma business.
3. Batch Traceability & Quality Control: Quality control in pharma is not optional but mandatory. Each stage of production needs to properly be in adherence to the highest pharma standards for safe and effective products.
Here, SAP Business One provides absolute traceability of pharma products from start to end. Quality control checkpoints can also be set up at each stage of production to ensure the utmost high-quality products.
Closing Thoughts:
Scaling pharma is easier said than done. However, with a reliable product like SAP Business One, it becomes a reality. Implementing SAP Business One ERP at the earliest will provide the best ROI for pharma manufacturers not only in scaling but building a brand.
SoftCore Solutions, the best SAP Business One Partner in Mumbai provides comprehensive SAP B1 Services. We cover everything ERP-related which includes the initial licensing, implementation, data migration, customization, training, and even post-implementation support. 20+ years of rich SAP expertise allow us to model SAP B1 ERP solutions as per the industry. Why wait, when you can accelerate with the premiere ERP solution? Book a live SAP Business One demo today.
Frequently Asked Questions (FAQs):
1. How does SAP Business One support R&D in pharma?
A. Yes. SAP Business One supports R&D in pharma enabling cost tracking, version control, and documentation of experimental formulas for faster lab to production.
2. Does SAP Business One support GMP (Good Manufacturing Practice) compliance?
A. Yes. SAP Business One can be configured to follow GMP compliance including quality checks, traceability, and documentation. 3. Is SAP Business One scalable as my pharma business grows? A. Yes. SAP Business One is a scalable ERP solution that grows as your business does without any slowdowns. It performs just as reliably and resiliently.
