Pharma Manufacturing ERP

Cloud Based ERP Software for Pharmaceutical Manufacturing Industry

Pharmaceutical Manufacturing ERP Software helps manufacturers in business process reengineering and the implementation of the Pharma ERP software solution in the pharmaceutical manufacturing industry. Absolute ERP Pharmaceutical Manufacturing Software helps manufacturers streamline your pharma business processes & reduce operational costs.

The Pharmaceutical Manufacturing industry requires a constant evolution in terms of innovation, regulatory constraints, standards, and transparency. The pharmaceutical Manufacturing sector contributes a major role in economic activity. Pharmaceutical ERP software helps to adapt to these changes that may occur.

Top five processes that boost the pharmaceutical manufacturing process

Pharma manufacturing ERP helps to enrich the topmost process in the pharma manufacturing industry. Pharmaceutical manufacturing ERP solution helps in the drug formulation process and keeps the formula and recipe secured, reduces the cost, controls the granulation methods, and so on.

1. Formulation Process

The drug formulation process helps to address all the challenges where API solubility and process stability, specialized dosage, taste-making enteric, and other critical projects.

2. Blending

In the pharmaceutical manufacturing industry, to create the final blend, a wide range of excipients may be blended with the active pharmaceutical ingredient which is used to manufacture a solid dosage form. Pharmaceutical ERP solution for the pharma industry reduces costs while maintaining product efficacy.

3. Milling

Milling is a process that is often required to reduce the average particle size in a drug powder, during drug manufacturing. The milling process helps to achieve increasing homogeneity, and dosage uniformity, increasing bioavailability and increasing the solubility of the drug compound.

4. Granulation

ERP solution for the pharmaceutical industry to control systems is purpose-built for fluid bed granulation. Granulation is used for mixing powders and compaction. The term granulation is a generic description where two types of granulations in involved wet & dry granulation.

5. Hot-melt Extrusion

Hot melt extrusion is a manufacturing method that was originally used in plastic and food industries but now it is used in the pharma industry as well. This technology is used in pharma industry to create new medical devices and drugs.

Key Features of ERP for Pharmaceuticals Manufacturing Industry

backed with ready-to-use software, easily integrable modules Customization of software has never been this easy before!

  • Multi-Level BOM
  • Production Schedule
  • Workstation/Machine Planning
  • Multiple Production Houses
  • Job-Work/Outsourced Management
  • Requisition & Approval System
  • Multiple Warehouse Management
  • Batched Inventory
  • Quick Stock/Inventory Balance
  • Quality Check/Control

ERP Modules of Pharmaceuticals Manufacturing Industries

Planning & Production

  • Material Requirement Planning
  • Master Production Scheduling
  • Production Process Definition
  • Machine/Mould/DEA Efficiency
  • Work Centre Management
  • Demand Management
  • Batch Manufacturing Practice

Production & Configuration

  • Bill Of Material
  • Engineering Change Request
  • Engineering Change Note
  • WIP Tracking
  • Job Work Management
  • Lot Manufacturing Practice
  • Tools and Equipment Tracking

Total Quality Management

  • Process Quality Check
  • Finish Goods Quality Check
  • Material Inward Quality Check
  • Document Management
  • Quality Compliance Management
  • Quality Characterization
  • Quality Assurance Management

Dashboard and Alerts

  • Department-wise Dashboard
  • Business Intelligence Tool
  • Document Management System
  • Alerts and Notifications
  • Over 200 Reports
  • Multi-Dimensional Report

CRM & Order Processing

  • Lead Management
  • Opportunity Management
  • Order Management
  • Pricing and Discount Matrix
  • Sales Forecast & Territory Management
  • Account Management
  • Campaigns and Event Management

Finance Management

  • Compliance with Sch VI & IFRS
  • Automatic TDS & Tax Calculation
  • Multi- Dimensional Reporting
  • BS/TB/P&L/Fund & Cash Flow
  • Payable/Receivable/JV/Contra/
  • Debit Note/Credit Note/Cost
  • Audit Trails and Other MIS

Purchase Management

  • Supplier Evaluation
  • Request for Quote
  • Quote Comparison
  • ProjectWise Purchase Management
  • Purchase Budget and Approval
  • Integrated with Planning Function
  • Supplier Order Management

Inventory Management

  • Inventory Planning
  • Warehouse Management
  • Bin Management
  • Material Inward/Outward
  • Physical Stock Verification
  • Multi UOM
  • Stock Costing and Valuation

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Challenges of Pharmaceutical Manufacturing Industry

1. Recipe and formula management

In the current industry, recipe and formula management is a critical concern due to the constant and urgent need of the formulation of new drugs. It’s a significant challenge in the manufacturing process if you do not have reliable technology that can manage this critical step.

Absolute ERP modules is designed for the pharma manufacturing industry to effectively handle the critical ingredients formula/drug recipes.

Pharma ERP for manufacturing industry includes the following functionalities – New Formula Development, Formula Management, Sample Management, and Formula Costing to prove beneficial.

2. Strict regulations & compliance requirements

When it comes to regulations and norms, pharmaceutical manufacturing is a highly regulated industry. Enhanced drug regulations, as well as approval processes by government institutions, are put in place on strict grounds.

When human health and well-being are at stake, it is ensured that the drugs are effective and safer to use before they enter the global pharmaceutical market.

Therefore, the ERP system for pharmaceutical industry is designed to monitor and manage the numerous strict regulatory compliances that are mandatory.

It provides industry features that encompass the entire spectrum of quality management, formula management, and traceability.

3. Dealing with the product costing

The final cost of a new drug product cannot depend upon one single factor. It can be associated with procuring materials, managing raw materials, implementing data-driven manufacturing.

Each process has a different cost margin associated with it which is managed and handled separately.

So, when it comes to nailing down the final costing of a drug product, it takes time for the stakeholders and employees, and other interested parties to be in sync with the update.

To install and implement the pharmaceutical ERP system in the company then it is useful to give the centralized data and real-time data on which the decision can be taken. This data is used to make strategies and plans ultimately reduced the cost and increase the efficiency.

4. Managing the Inventory

The key factor associated with the pharmaceutical business is to maintain an appropriate inventory and supply of the pharma products as per the current and future demand.

Manufacturing ERP software helps to establish an automated tracking of their inventories; balance risks associated with inventory shortages and complete asset lifecycle.

5. High-end Quality Control & Processes

When it comes to quality, market demands compel pharmaceutical manufacturers to create safe and top-quality products. It has to ensure that the quality of the product is consistent with no error to be detected.

Quality Analysis and Control on each section of production (drugs) are required to be effectively achieved with a well-maintained pharmaceutical ERP system.

At every minute of the hour, robust quality compliance and management are required to be maintained.

6. Meeting the future Demands

The most common issue which is addressed in the manufacturing process is to meet the supply and demand of the product in a real-time situation. Due to the lack of inefficient demand forecasting, losing the market’s competition becomes a critical situation.

Due to the inadequate analysis for the forecast of the demand for a product or service, we fail to meet the demands of customers and manage properly the inventory, avoid the disruption of the supply chain, added the decision-making process for forecasting and managing the Sales Targets.

Using a Pharmaceutical ERP solution - real-time organizational data can be generated which can be used for analysis for the demand appropriately as per the targets decided by the enterprises.

Manufacturing ERP

Benefits of Best Pharmaceutical Manufacturing ERP software:

  • Manufacturing ERP software offers Multilevel Bill of Material.
  • Multi-Site Production with Centralization.
  • Implemented across multiple sites, Integrate, optimize, fine-line processes and operations.
  • Maintain confidentiality of the formulation and composition.
  • A Centralized data center for quick and easy access to data for creating a better business strategy.
  • Gain a complete lay-out of organizational processes.
  • Batch traceability of raw materials, life cycle, and finished goods.
  • Higher production process flexibility.
  • Compliance with government regulations and norms.
  • Manufacturing ERP provides Quality Control and Management.
  • Inventory management and optimum material utilization.
  • Eliminate wastage with expiry alerts and.
  • FEFO i.e first-expired, first-out methodology of the Consumption of Material.

Our Key Clients

  • KJS Concrete
  • SHH Industries
  • ATC
  • Arth

Absolute Pharmaceuticals ERP Software FAQ's

ERP software helps to combine all the processes into one source, keep an eye on quality check, distribution channels, and so on.
Let’s have a closer look, why pharmaceuticals companies should implement an ERP system-

1. Inventory Management- The Pharmaceutical ERP software system is completely integrated with production and inventory so that ERP software identifies materials along with real-time production, set targets for utilization, make alerts when a new order is placed, etc.

2. Distribution Management- You need to know end-to end journey of every single product. Every single movement of the product is monitored and tracked till the time it checks for the quality control and gets loaded for dispatch.

3. Sales Management- Absolute ERP pharma Production software helps to ease the sales management process, ERP system helps you to keep a track on sales goals, automatically update customer records, maintain interaction history, one ecosystem, and so on.

Pharmaceutical industry is one of the most unpredictable sectors because there are a lot of radical changes happening in healthcare sector. Pharmaceuticals companies must be active at every single moment.
Here are a few key benefits of ERP software in Pharma Industry-
  1. Pharma Production erp Software helps to reduce cost during maintaining product potency
  2. It helps to enhance to product consistency, quality, and speed to deliver drugs to the market
  3. Pharmaceutical erp software helps to reduce waste that aids in inventory management and cost control
  4. Assured compliance to the strict regulations
  5. Get the best quality of products at the right price and correct time
  6. Keep real-time batch monitoring to make correct business decisions
  7. ERP software helps pharma to ease of maintaining formula secrecy
  8. Through ERP system you can quickly respond to customer demands

Pharmaceutical manufacturing erp software involves various functions like accounting, attendance management, asset management for healthcare industry. Absolute ERP is one the great solution for healthcare industry. You can adopt a customizable Absolute ERP software for your pharma industry to integrate all the process.
How Absolute is the best ERP software provider for healthcare industry-
  1. Absolute ERP software smooths the operational process flow and enhance profits
  2. Traceability of end-to-end from raw material to finished product
  3. Help to keep a record of manufacturing batch (MBR) & (BMR) generation
  4. Absolute pharmaceutical manufacturing erp helps to maintain quality control
  5. Master Product Scheduling (MPS) & Material Requirement Planning (MRP)

ERP software plays different role in manufacturing industry through its various modules.
Let’s have a closer look about the role of ERP software in manufacturing industry
  1. Manages Formulation
    ERP software helps pharmaceutical manufacturers manage all the essential aspects of formulation, included storing, retrieving, and revising every formula.
  2. Enables Global Integration
    Most of pharmaceutical's products are manufactured by many different pharma companies across the world. This is a mandatory provision for global integration. Pharma software must offer many integration options, that needs to be on real-time.
  3. It Makes sure Data Security
    Pharmaceutical erp software provides a wide range of strict security protocols like access controls, data encryption, audit trails, and electronic signatures and passwords, it makes sure that the fatal security delicts remain at a bay.

Enterprise resource planning software is used to balance a number of business functions, why it is so important for pharma industry you need to know the reasons.
  1. Save Money
    ERP consolidates many of the systems that may currently be fragmented in your company. Starts from account payable, your employees will be able to access all the important tools for their one centralized system.
  2. Improved Collaboration
    ERP applications depend on the program that you are using. However, all the systems are improving collaboration in some way. The centralized database is a necessary part that ERP makes unique. You are providing a single source that helps to reduce any errors on by working with the incorrect data, and further reduce costs.
  3. Better Analytics
    ERP software helps to generate different reports easily. Generally, reports and analytics could take several days of research and compilation, with the help of ERP for pharmaceuticals it just takes few minutes and you will get real-time data.

It is actually difficult to quote accurate pricing and estimation of a customization ERP is difficult.
Absolute’s team is always there to guide you about the ERP pricing data, they will first understand your needs and requirements and give an accurate cost for customization pharmaceutical ERP software.
When you will budget for pharmaceutical ERP, you can take the advertised cost as a baseline. You can also include following details: -
  1. Networking hardware and software costs
  2. Software costs and server hardware
  3. Software costs and workstation hardware
  4. Integration and installation of hardware and software costs
  5. Data migration costs

Absolute is the perfect solution for pharmaceutical industry because it helps in various segments to boost in business growth. You can simply customize an ERP software for your manufacturing industry.
Advantages of choosing Absolute ERP system for pharmaceutical industry-
  1. Inventory Management
  2. Quality Management
  3. Reduce machinery downtime
  4. Saved Costs
  5. Customer Satisfaction
While choosing an ERP software you need to wisely consider its ability to keep a record of every single raw material in the entire end-to-end process and production process. Absolute Pharmaceutical erp software aids balance your financial transactions in a better way and put your business to standard practice. Absolute ERP software is completely integrated, compliant and easily deployable.

In the medical area, worldwide competition is shocking. The pharmaceutical companies have to adjust quickly and simultaneously to make the followed changes.
  1. Planning for Batch Manufacturing-
    ERP software helps to plan the entire batch manufacturing and pharmaceutical industry. Pharmaceutical manufacturing ERP software is one of the most suitable for pharma companies.
  2. Regulatory Compliance-
    Pharmaceutical erp software is able to clear any system approval and traceability of products through their manufacturing and distribution cycle.
  3. Audit Trails-
    Audit trails helps to utilize any system it an exceptionally directed industry such as pharma, and food.
  4. Information Security-
    Information security is a crucial resource for any association. The pharma manufacturing ERP software boasts cluster security features, access controls, information encryption, audit trails, passwords, electronic signatures and others.

Pharmaceutical ERP software is tough to understand however it is very necessary tool for their business. Now a days, globalization is squeezing the markets across the globe, it is important to equip your business with effective’s tools to get a strategy over the competitors.
How an ERP software can typically help in Business-
  1. Saves Money-
    This ERP software helps to bring down the additional costs of the company by a huge margin. Your employees in the business get the access of important tools for the business through single database.
  2. Improved Collaboration-
    One of the great features of pharma ERP software will depend on the application. A better collaboration supports every ERP software to reduce error that brought in with incorrect data and reduce the extra costs. The key of success of any business is the effective collaboration.
  3. Enhanced Productivity-
    Using traditional methods may reduce productivity, with the help of ERP software it does the high-level calculations on time and saves a lot of time. It allows the employees to focus better on productivity and other refreshing ideas that may advantage the business. Pharma ERP software helps to improve productivity, profitability and efficiency.

Pharmaceutical ERP software can give benefits for all size of companies. When you are growing with your company as you add more workers, machinery, locations, and departments.
Here are few examples how ERP applications help small business-
Small businesses are like mom-and-pop corner stores with a fix number of employees that specialize in a fix type or number of products (I.e., fishing stores, pharmacies, convenience stores etc.)
Let’s have a closer look at primary benefits-
  1. Reduce Costs- You can save plenty of time and money by inputting information at once.
  2. Better Planning- Get real-time insights on projects and assignments to assign the ideal number of employees.
  3. Improves Productivity- It helps to automat manual tasks like bank reconciliations, payroll allocations, fund balancing, report creations, and more.

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