Monthly Archives: December 2016

Implementing ERP software in the pharmaceutical industry

Medical facilities and hospitals around the world are facing the need of handling large-scale challenges both in terms of the number of cases they need to handle as well as the extensive management of records and finances. In order to carry out such tasks effectively, it is necessary to make use of healthcare ERP software solution programs. These software systems serve as the perfect platforms for identifying and tracking every single raw material used in the production, from the receipts through processing, the packaging and shipping and then finally delivering to exact customer location. These programs also help a medical facility to serve the patients in a better manner.

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While the benefits of pharmaceuticals ERP solutions are known by medical facilities all around the world, many hospitals and pharmaceutical companies are yet to make use of these tools. The main reason behind that is the high-cost factor of these programs. Good ERP programs are always costly and many companies operating within the medical industry are not clearly sure of how to make the most of such programs even if they somehow manage the financial aspect of implementing them. It is due to this reason that many providers of ERP programs are now coming up with their own training solutions that can help their clients to use and benefit from these programs.

When used correctly, a Pharmaceuticals ERP Solution can help manufacturers of pharmaceuticals to effortlessly track all of their properties while at the same time optimize and improve other business processes such as batch production, inventory control, quality assurance, sales functions, purchasing, financials, accounting and regulatory reporting. Here are some of the ways in which a Healthcare ERP Solution can be used.

Batch Process Record

The Batch Process Record is a process that involves keeping track of batch manufacturing rights from raw materials requisition until a release order is issued by Quality Assurance department. The ERP program can also handle In-progress quality Check (IPQC) as well as the Quality Assurance records for the batches after beginning and ending of each process.

Finance and Accounts Management

Since a pharmaceutical industry needs to handle large number of client details all the time, it is necessary to implement an ERP program for finance and accounts management. These programs can gather essential financial data from the different functional departments and come up with valuable financial reports like trial balance, balance sheet, quarterly financial reports, general ledgers, account statements, cost center wise analysis, gross profit analysis, profitability report, branch wise profit analysis, tax management, asset and depreciation management and ABC analysis.

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Inventory and Materials Management

Implementing an ERP program can help a healthcare and pharmaceuticals firm to make use of a range of powerful and flexible features that can be used for managing and reporting all inventory information. This can help to maintain the proper levels of stock within a warehouse. Inventory control activities involve identifying the inventory requirements, developing targets, providing the replenishment options and techniques, monitoring the item usages, reconciling inventory balances as well as reporting inventory status.

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Cost effective ERP solutions for the manufacturing sector

The plastic manufacturing sector is currently growing at an exponential rate in India and there is a strong rise in competition among various companies. It is important for any business firm in this sector to survive and thrive so that it can boost its future prospects. This can only be done by adapting to the current environment and expanding production activities while at the same time maintain high levels of quality standards. In order to achieve high level of efficiency when it comes to working with different types of raw materials and using them in production, managing plastic waste properly as well as providing requisite training to the laborers about the skills needed for the industry, it is necessary that a company in this sector makes use of a well chosen Plastics ERP Solution that can aid in carrying out such vital tasks.

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A plastics ERP system can work as a centralized system for a plastic manufacturing firm and help in managing all the crucial tasks of that company. These programs are also designed in a way that allows a company to scale them according to the changing needs of the firm as well as the industry itself. This in turn helps the company to come up with effective measures to manage challenging situations and ensure smooth running of various operations. Plastic manufacturing companies adopt special regulations to handle all of their production tasks since it is a non-degradable material. A Manufacturing ERP Software that is specifically made for the plastic industry can help in all stages of documentation and also ease the recycling process. It can also streamline the whole process, leaving out unnecessary bits and focusing on the core elements that are essential to the firm.

Implementing a plastic industry ERP Manufacturing Solutions Software can be the best way to centralize all the operations carried out by a company. This allows greater flexibility to the company and its officials to keep track of the various processes occurring within the firm relating to production and material management. By bringing all the processes in a single platform, it makes it a lot easier to track and record movements of all the plastic materials within the company. It also allows a company to resolve major challenges relating to production, supply and other aspects of plastic manufacturing.

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As plastic manufacturing grow in terms of the production tasks that they handle, they need to implement effective means to integrate all of their systems into a single coherent working model. This can only be achieved by making use of a Plastics ERP Software Solution. By enabling better communication and collaboration, it can improve the overall efficiency of the different departments operating under a plastic manufacturing firm. These programs can also help in performing other vital tasks such as inventory management, export handling, multi-environment management, dashboard management as well as analyzing and reporting. It is due to such reasons that these programs are considered indispensable for the growth and progress of a plastic manufacturing firm.