Managing a pharmaceutical company is far from an effortless task, especially as it’s one of the most complex and highly regulated industries of today. We’ll take a closer look at how important is ERP system for pharmaceutical distributors. As with most other industries, pharmaceutical companies are also expected to continuously increase their productivity, streamline their operations and optimize their competitive advantages.
However, it’s not effective to oversee and handle this all manually. Rather, modern pharma companies are now deploying ERP solutions to assist with processes such as sales functions, batch production, quality assurance, inventory control, and accounting.
Pharmaceutical distributors play a middleman role between the patients and manufacturers. If the pharmaceutical distribution is interrupted or mishandled then the manufacturers might not be able to deliver the pharma drugs to the patients and hospitals in a proper, secure and timely manner. This could put the patients’ lives in danger.
Role of Pharmaceutical Distributors
As logistics experts, distributors don’t manufacture, prescribe or promote medicines. Distributors also don’t make clinical decisions as to who should or shouldn’t receive medicine or what medicine is best for a particular patient. Getting a medicine starts with a prescription, and distributors help make sure that what your healthcare provider prescribes gets to your pharmacy, hospital, or other healthcare facilities safely, reliably, and securely.
ERP for Pharmaceutical Distributors
A pharmaceutical distributor, while still operating under state legislation, won’t be as closely regulated as manufacturers and as there are plenty of solutions that will let you make a manufacturing record and trace product genealogy you’ll have a bit more room to choose the best solution for you. This means that we’lll now look at more agile and cloud-based ERP products, such as Multiable-M18 ERP System.