What are the advantages of ERP in pharmaceutical industry?

Since pharmaceutical industry is very highly regulated industry, all regulations, standards, and codes demands data integrity and security.

Pharmaceutical industry not only uses ERP but most of the time rely on it for record keeping, maintaining, tracking and retention.

There are more than one ERP or data management software working at the same time.

In fact there is usually department  set up to install, commission, validate and maintain these database, which is called CSV or computerized System Validation Department.

In short ERP is very important part of pharmaceutical industry and I think there is no pharmaceutical without ERP.

ERP is very important to overview the complete situation of the company which consist of all areas such as Inventory level, production plan, job execution, orders in hands, demand of products, requirements of products, Financial planning and book keeping. Same master data is used in all areas as well as same transaction data is shared on line across all departments without any dispute with facts and figure , Pharma companies are no exception to above in fact it will ease working and will provide with data for quick and efficient decision making.

What are the advantages of ERP in pharmaceutical industry?

Efficient management of batch recipes is the most important and complex aspect of ERP system for the pharmaceutical industry. Every aspect of a pharmaceutical recipe must be documented. Here are some of the details required to be documented.

ingredients and information of their technical compositions, how much the ingredient cost and how much it cost to prepare the ingredient for use, and historical data about the ingredients, how they were received and from where, how they were stored, how they were processed/manufactured, how they were prepared for packaging, how they were packaged, where stored before shipping and all shipping data. Again, when any one aspect is altered, it changes the rest of the processes.

Pharmaceutical companies need to have an effective management application method to keep all this data in a proper manner and use them efficiently whenever required. Selection of a right ERP system is very important, especially one that is familiar with the pharmaceutical industry is crucial to gaining the most when it comes to financial savings and increased efficiencies.

Pharmaceutical companies that have implemented eresource ERP are gaining competitive advantages in their operational method.

ERP comes in aid drastically for the very strict products's traceability requirements within the pharmacetical industry

Thanks for the invitation, but I have no idea. Perhaps mr. Jetley knows more.

syed tamiz has explained it................ MUCH APPRECIATED

Unfortunately I have no idea

Thanks for the invite

I would like to follow the experts answers.