Pharma ERP System: Boost Efficiency, Compliance & Profit

According to the Grand View Research report, the global pharmaceutical market is projected to reach approximately $147.5 billion by 2028. This growth is closely tied to businesses driving digital transformation and adopting Pharma ERP systems to enhance the development and distribution of medications to consumers.

To keep pace with this development trend, pharmaceutical and healthcare businesses globally have begun to prioritize and implement Pharma ERP system specifically tailored to the pharmaceutical industry in both manufacturing and sales operations. Let's explore the functional modules within ERP systems suitable for retail and pharmaceutical distribution models in the following article.

Challenges in the pharmaceutical industry

The pharmaceutical industry is experiencing robust growth, yet it faces several bottlenecks that must be addressed to optimize operational efficiency and capitalize on development opportunities.

High and unoptimized operating costs:

• High production, distribution, and management costs due to manual processes and lack of automation.
• Unoptimized management systems leading to resource and labor wastage.

Complex manufacturing and distribution management:

• Multi-stage manufacturing and distribution processes requiring tight coordination between departments.
• Manual management systems causing difficulties in monitoring, supervision, and quality control.

Stringent pharmaceutical regulations:

• Stringent regulation by authorities requires compliance with numerous industry standards.
• Keeping up with continuously changing regulations poses a significant challenge for businesses.

Inefficient human resource allocation and utilization:

• Shortage of highly skilled personnel in the pharmaceutical field.
• Manual labor management, inadequate capacity, and work efficiency optimization.

Inconsistent and untimely data:

• Data stored inconsistently and scattered, hindering aggregation, analysis, and reporting.
• Lack of a unified real-time data management system.

Use of disparate and inconsistent software:

• Businesses using multiple standalone software for different departments face challenges in integration, data sharing, and overall management.
• Outdated software systems lack flexibility and scalability.

Manual processes leading to errors and fraud:

• Manual processes prone to errors in data entry, storage, and processing.
• Lack of strict control and supervision systems leading to high fraud risks.

Inadequate management of promotion programs and sales volume:

• Limited tracking and evaluation of promotional programs.
• Lack of automated management systems to optimize effectiveness and cost savings.

Inefficient supply planning and allocation:

• Inaccurate market demand forecasting leading to inventory surplus or shortages.
• Manual warehouse management systems lack efficiency in tracking and managing inventory.

Pharma ERP system solutions

While the pharmaceutical industry faces numerous challenges, it also presents significant development opportunities. Implementing advanced technology solutions such as comprehensive pharmaceutical enterprise resource planning (ERP) systems, including various functional modules such as CRM, HRM, DMS, WMS, etc., providing a foundation for future development opportunities, will help businesses optimize operational efficiency and enhance management capabilities.

>> Read more: Top 8 Must-Have Software For Pharmaceutical Manufacturing And Distribution

Suggested combination of functional modules for ERP software in pharmaceutical industry

Sales management module:

• Order, customer, and distribution channel management.
• Sales effectiveness and revenue tracking.
• Support for promotional programs and loyalty points accumulation.

Purchasing management module:

• Supplier and procurement contract management.
• Inventory tracking and raw material pricing.
• Purchasing planning and payment.

Pharmaceutical manufacturing management module: 

• Automated production planning and real-time activity monitoring.
• Raw material and production formula management.
• Product quality control.

Warehouse management module:

• Inventory import/export, raw material and finished goods inventory management.
• Expiration date tracking, batch production.
• Inventory reporting, valuation.

>> Read more: How Consumer Product Warehouse Management Software Streamlines 

Accounting - financial module:

• Financial transaction and banking management.
• Financial reporting, tax accounting.
• Cash flow tracking, operating expenses.

Human resource management module:

• Employee information management.
• Performance-based salary and incentive proposals.
• Timekeeping, leave management.
• Job performance evaluation.

CRM (customer relationship management) module:

• Customer information storage, purchase history.
• Customer demand analysis, suitable promotional program recommendations.

>> Read more: Evaluate Odoo Customer Relationship Management Software

Business intelligence (BI) analysis module:

• Intelligent business data collection and analysis.
• Reporting, visual charts.

Additionally, pharmaceutical manufacturing software can integrate other modules such as:

• Quality management module: monitoring and controlling product quality according to GMP standards.
• Supply chain management module: monitoring and supervising the supply chain from suppliers to customers.
• Project management module: managing research and development projects for new products.

With our experienced team of Pharma ERP system analysts, Aegona commits to:

• Providing pharmaceutical distribution software ERP solutions tailored to the needs and budget of your business.
• Ensuring fast and efficient deployment schedules.
• Providing professional consulting, training, and maintenance support.

Don't miss out on the breakthrough opportunities in the pharmaceutical manufacturing and distribution market. Contact Aegona today for free consultation and receive the most suitable custom Pharma ERP system solution for your business!

Contact us now!

AEGONA LTD - IT SERVICE & SOFTWARE DEVELOPMENT
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