Either it’s large enterprises or SMEs, the manufacturing segment is the backbone of the pharma industry. The manufacturing SMEs are finding it difficult to yield quality products amidst healthcare reforms, changing customer’s needs, accurate administration requirements, rising competition, and evolving market trends. These business challenges have created a dire need of streamlining processes, optimizing operations, and maximizing efficiency to deliver quality products at a reduced cost. Going conventionally, it’s beyond the bounds of possibility. That’s where Pharma ERP comes into the picture as a powerful solution.
However, most of the SMEs still shed misconceptions on employing ERP software by considering themselves too small. But they are living in the biggest myth because the process they follow and operations they perform are not different than large manufacturing enterprises. Whereas, MetaPharma breaks the myth of SMEs by helping them in finding the solution of their problem with an Integrated Pharma ERP solution i.e., MetaPharma. It’ an Advanced ERP solution to outgrow, outperform and outdo the competition.
Here are few reasons to choose a Pharma ERP solution:
Seamless Material and Inventory Management
The material wastage at various levels of inventory negatively impacts business profitability. The pharma manufacturers aiming to reduce the cost required. Pharma ERP solution helps in controlling material wastage and monitoring inventory levels. It helps to know the material required for the production, sets goals, makes targets for procurement and replenishment, and displays material management which helps in inventory level optimization that ultimately reduces the wastage to an extent.
In the highly regulated industry, it’s vital to maintain a record of all the data and its documentation for future analysis and audit checks. The ERP solution helps in storing the data in an organized manner that’s stored in silos to meet compliance needs and legal vigilance.
The drug formula is a great asset to the pharma manufacturing SMEs, that’s if stolen, mismanaged, or lost, it becomes disastrous. Understanding the security and tracking needs of formula management, the Pharma ERP solution allows the manufacturers to document all the details associated with formula management such as the list of ingredients used, how the ingredients used, tracking the ingredient details and storing and securing the formulas with approval workflow. Additionally, restricted access is also enabled.
According to cGMP guidelines, the drugs must be manufactured in batches, in place of the disorganized way. The ERP that can easily differentiate and well-handle the various types of drug production in batches helps a ton. The pharma ERP for SMEs excels in dynamically sizing the batches as per the specifications, performing batch monitoring activities, the ability to print BMR and MBR, and SOP’s execution.
Going conventionally, if anything goes wrong it’s difficult for the manufacturers to exact where the problem is and then take necessary actions, which hampers productivity. The lot traceability feature in ERP provides a 360-degree view of drug manufacturing from procurement to distribution and sales, which enables the manufacturers to easily manage recall situations and make product recalls at speed if required.
The pharma ERP for SMEs is no more a novelty, it has turned into a great necessity to sustain, survive, and thrive in the fierce competition. The aforementioned gives no reason to SMEs to overlook the importance of the ERP solution in the manufacturing processes. Don’t hang fire to integrate the best ERP software!
MetaPharma an ERP solution that is suitable for pharmaceutical manufacturers contains quality management and control functionality. For more information and a tailored demonstration contact us at MetaOption.