The pharmaceutical industry is increasingly complex and imposes several challenges for the companies operating in this highly competitive and regulated sector. The complexities rise as a company grows and expands to new verticals. That being said, successfully running a pharmaceutical company could be a back-breaking task in the absence of an ERP system.
Developing a custom ERP solution has become a requisite need for pharma companies to streamline their operations by enabling automation at every level. Furthermore, it builds resilience for future technologies, automates repetitive tasks, and significantly reduces operational complexities.
In this blog post, we shall explore different ways that ERP development can help pharma companies streamline their processes and achieve higher levels of productivity. At the same time, we shall discuss the key benefits of custom ERP for pharma companies with a focus on its most crucial features.
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The Importance of Custom ERP For Pharma Companies
Developing a custom ERP solution could be increasingly beneficial for companies operating in the pharmaceutical industry. It eliminates manual complexities by automating repetitive tasks and significantly reduces human effort while also mitigating the scope of errors. In doing so, it helps companies streamline their routine operations and achieve higher levels of productivity. Custom ERP for pharma companies streamlines processes associated with drug manufacturing, packaging, warehousing, cold storage, shipping, logistics, and drug supply chain management.
As a result, these companies can focus on improving their core operations without getting bogged down with traditional data processing strategies. In the following section, we shall explore the key benefits of custom ERP development for pharma companies.
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Improved Traceability
Developing custom ERP for pharma companies renders a scalable e-platform to proactively track and manage diverse operations associated with warehouse, supply chain, and production units. Pharma companies get a series of customizable ERP modules to efficiently manage complex processes that include tracking raw materials, processing manufactured drugs, warehouse management, and the like. Besides, they get a centralized software system to conduct routine audits and track on-site activities.
Bill of Materials (BoM)
BoM generation is one of the most crucial elements of the pharmaceutical supply chain that must be handled with sheer efficacy. Developing and implementing ERP for pharma companies may significantly improve BOM generation and management, accelerating the process to a great extent. At the same time, it automatically updates the required ingredients to fabricate various drugs, medicines, and healthcare products as per the quality highest standards.
Logistics and Supply Chain Management
Pharmaceutical companies must also maintain an efficient flow of raw materials by facilitating seamless logistics management and SCM activities. Besides, there are several open-source ERP platforms available that provide dedicated modules for logistics and supply chain management. These modules are fully customizable as per varying business needs and can be used to build custom solutions from the ground up.
Quality Control
Monitoring product quality is of foremost importance in the pharmaceutical industry as the products must adhere to the quality standards imposed by regulatory authorities. It is, therefore, essential for pharma companies to align their operations in accordance with the imposed quality standards and provide all necessary information about products and their composition.
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Closing Remarks
Here we have discussed the key challenges faced by companies operating in the pharmaceutical industry as well as the benefits they can extract from ERP development. Besides, it is equally important to keep pace with the latest technological advancements and keep your ERP systems up-to-date. With custom ERP development, it is easier to upgrade various modules and scale to address the dynamically changing business needs. Besides, there are several open-source software platforms available online that help enterprises build custom ERP solutions at cost-effective rates. It makes custom ERP development faster and more affordable for small-to-medium enterprises operating in all major industries.
Why Choose Oodles ERP For Custom ERP Development In The Pharmaceutical Industry?
We are a 360-degree ERP development company that specializes in building custom enterprise solutions for the diverse industries-specific needs of our clients. Our development team uses the latest tech stack and agile methodologies to build feature-rich business applications that are easier to scale. We have vast experience in using open-source software platforms like Odoo, OFBiz, ERPNext, and Opentaps to build custom ERP applications for diverse business needs. Our team has successfully delivered several full-scale software projects for startups, SMBs, and large-scale organizations from all major industries including healthcare, manufacturing, real estate, eCommerce, EdTech, FinTech, and more. To learn more about our custom ERP development services, write to us at [email protected].
