- \n
- By streamlining all processes, it aids in achieving increased productivity.<\/li>\n
- Accounting for all types of sales and purchases is simple.<\/li>\n
- Maintains inventory control and obtains correct operating results.<\/li>\n
- Saves time and money on operations.<\/li>\n
- Monitors the distribution of drug items.<\/li>\n
- Improved customer service.<\/li>\n
- Extensive reporting – ERP in the pharmaceutical industry allows you to create many reports that show you a list of all of your company’s transactions.<\/li>\n
- With the best ERP for the pharmaceutical industry, you can make better business decisions from any device, at any time.<\/li>\n
- Clear visibility on cost management throughout the industry.<\/li>\n
- Accounting will easily handle all types of customer & vendor bills.<\/li>\n
<\/ul>\n\n\n\n![\"Features](\"https:\/\/www.swindia.com\/swil-blog\/wp-content\/uploads\/2021\/10\/features-to-look-for-when-you-are-choosing-an-erp-software-for-your-pharmaceutical-company-swil-blog.webp\")
<\/figure>\n<\/div>\n\n\nFeatures to look for when you are choosing an ERP software for your pharmaceutical company <\/strong><\/p>\n\n\n\n
Index<\/strong><\/p>\n\n\n\n
- \n
- Inventory Management<\/a><\/li>\n
- Security<\/a><\/li>\n
- Quality Control<\/a><\/li>\n
- Process Tracking<\/a><\/li>\n
- Customization<\/a><\/li>\n
- Regulatory Compliance and Control<\/a><\/li>\n
- Formulation and Pre-formulation Management<\/a><\/li>\n
- Automated Admin Tasks<\/a><\/li>\n
- Transparency and Traceability<\/a><\/li>\n
- Effective Product Costing<\/a><\/li>\n
- Managing Variability and Predicting Scalability<\/a><\/li>\n
- Conclusion<\/a><\/li>\n<\/ul>\n\n\n\n
1. Inventory management <\/strong><\/p>\n\n\n
\n![\"Inventory](\"https:\/\/www.swindia.com\/swil-blog\/wp-content\/uploads\/2021\/10\/inventory-management-swil-blog.webp\")
<\/figure>\n<\/div>\n\n\n- \n
- In your software, ‘First Expiring, First Out’ (FEFO) is a must-have method to inventory management. It ensures that things do not lose their efficiency due to aging, and that they do not sit in storage and expire.<\/li>\n\n\n\n
- The ERP software can assist in determining when and how much drug you need to order from vendors and deliver.<\/li>\n<\/ul>\n\n\n\n
2. Security <\/strong><\/p>\n\n\n
\n![\"Security\"](\"https:\/\/www.swindia.com\/swil-blog\/wp-content\/uploads\/2021\/10\/security-swil-blog.webp\")
<\/figure>\n<\/div>\n\n\n- \n
- In the pharmaceutical industry, approval and validation are critical steps in ensuring that every aspect of the supply chain runs smoothly and efficiently. Each employee’s e-signature is not only readable but also distinctive.<\/li>\n\n\n\n
- It requires either a password or a user code for validation.<\/li>\n\n\n\n
- Check to see if the ERP you’re considering has built-in e-signature features and the flexibility to customize them.<\/li>\n<\/ul>\n\n\n\n
3. Quality Control <\/strong><\/p>\n\n\n
\n![\"Quality](\"https:\/\/www.swindia.com\/swil-blog\/wp-content\/uploads\/2021\/10\/quality-control-swil-blog.webp\")
<\/figure>\n<\/div>\n\n\n- \n
- In process manufacturing, stability, quality, and safety are all critical considerations, especially when it comes to pharmaceuticals. Compliance is one of the most difficult tasks a pharmaceutical firm faces, and there can be no compromises.<\/li>\n\n\n\n
- Quality management and control are included in ERP software. It encompasses the entire process, from raw material procurement to production and post-manufacturing.<\/li>\n<\/ul>\n\n\n\n
4. Process Tracking <\/strong><\/p>\n\n\n
\n![\"Process](\"https:\/\/www.swindia.com\/swil-blog\/wp-content\/uploads\/2021\/10\/process-tracking-swil-blog.webp\")
<\/figure>\n<\/div>\n\n\n- \n
- Process monitoring and quality assurance are inextricably linked. The progress of a product in the receipt is also monitored by tracing its life cycle for QC purposes.<\/li>\n\n\n\n
- Because of the contact between these two sectors, ingredient traceability is possible, as well as visibility when problems arise and a recall is necessary.<\/li>\n<\/ul>\n\n\n\n
5. Customization <\/strong><\/p>\n\n\n
\n![\"Customization](\"https:\/\/www.swindia.com\/swil-blog\/wp-content\/uploads\/2021\/10\/customization-swil-blog.webp\")
<\/figure>\n<\/div>\n\n\n- \n
- Although many pharmaceutical ERP capabilities should be built-in, the system be customized. Regulations, business processes, and your ERP should all evolve.<\/li>\n\n\n\n
- Many Pharma ERP software allows for customization to meet your company’s specific needs, and you can make modifications at any time, not only at the start of the implementation.<\/li>\n<\/ul>\n\n\n\n
6. Regulatory Compliance and Control <\/strong><\/p>\n\n\n
- Security<\/a><\/li>\n
- Inventory Management<\/a><\/li>\n
![\"compliance\"](\"https:\/\/www.swindia.com\/swil-blog\/wp-content\/uploads\/2021\/10\/regulatory-compliance-and-control-swil-blog.webp\")
<\/figure>\n<\/div>\n\n\n![\"pre-formulation](\"https:\/\/www.swindia.com\/swil-blog\/wp-content\/uploads\/2021\/10\/formulation-and-pre-formulation-management-swil-blog.webp\")
<\/figure>\n<\/div>\n\n\n![\"admin](\"https:\/\/www.swindia.com\/swil-blog\/wp-content\/uploads\/2021\/10\/automated-admin-tasks.webp\")
<\/figure>\n<\/div>\n\n\n![\"transparency](\"https:\/\/www.swindia.com\/swil-blog\/wp-content\/uploads\/2021\/10\/transparency-and-traceability-swil-blog.webp\")
<\/figure>\n<\/div>\n\n\n![\"Product](\"https:\/\/www.swindia.com\/swil-blog\/wp-content\/uploads\/2021\/10\/fffective-product-costing-swil-blog.webp\")
<\/figure>\n<\/div>\n\n\n![\"Predicting](\"https:\/\/www.swindia.com\/swil-blog\/wp-content\/uploads\/2021\/10\/managing-variability-and-predicting-scalability-swil-blog.webp\")
<\/figure>\n<\/div>\n\n\n