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Why Pharmaceutical Manufacturing Businesses need ERP Software?

by Meta-Pharma 05/22/2021 Read Time: 2 min

Efficient business processes, centralized management, quick decision-making, and clear analytics have become essential for any business to grow in the modern-day scenario. Each industry has its own reasons for implementing suitable ERP software. Whereas, ERP for Pharma Industry not only enables the consolidation and integration of pharmaceutical manufacturing processes across multiple units but also helps businesses to keep track of operations across the organization.

MetaPharma, an Advanced Pharmaceutical ERP solution helps businesses in organizing their procurement processes, while reducing production and delivery time. Also, it helps manufacturers to be in compliance with cGMP requirements, in addition to providing a simple and cost-efficient process model. Being an ERP for Pharmaceuticals Industry, it understands formulation management requirements and integrates with your operations to provide real-time information.

Important Features of ERP software for Pharma Industry

Mobile Warehousing Management
DSCSA Track & Trace Compliant
CSOS and ARCOS
Quality Control
Orange Books
Executive Dashboard
Serialization Lot and Serial Number Traceability
Bill of Materials

Benefits of ERP Software in Pharmaceutical Manufacturing

MetaPharma, Pharmaceutical ERP system offers the following benefits:

ERP systems for Pharmaceutical Manufacturing ensure absolute compliance to the stringent regulations
Eliminate risk by delivering safer products of superior quality at the right price and right time
Introduce new products to market faster and cheaper than competitors
Real-time batch monitoring to make accurate business decisions
ERP software for the Pharma Industry help maintain formula secrecy
Respond quickly to customer demands
Smoothen operational process flow and enhance profits
Enhance the quality, consistency, and speed to deliver drugs to market
Control costs through reduced wastage, optimum material utilization, and inventory management
Pharma ERP software offer end-to-end bi-directional traceability, from the raw material to the finished product

This way, ERP software for Pharmaceuticals helps manufacturers streamline their entire operations and take a proactive informed decisions to outlast the competition.

For more information and a tailored demonstration contact us at MetaPharma.

Reasons to Choose ERP Solution for Pharmaceutical Manufacturing

by Meta-Pharma 05/13/2021 Read Time: 3 min

Either it’s large enterprises or SMEs, the manufacturing segment is the backbone of the Pharma Industry. The manufacturing SMEs are finding it difficult to yield quality products amidst healthcare reforms, changing customer needs, accurate administration requirements, rising competition, and evolving market trends. These challenges have created a dire need for streamlining processes, optimizing operations, and maximizing efficiency to deliver quality products at a reduced cost. Going conventionally, it’s beyond the bounds of possibility. That’s where Pharma ERP comes into the picture as a powerful solution.

However, most SMEs still shed misconceptions on employing ERP software by considering themselves too small. But they are living in the biggest myth. Because the process they follow and operations they perform are not different than large manufacturing enterprises. Whereas, MetaPharma breaks the myth of SMEs by helping them in finding the solution of their problem with an Integrated Pharma ERP system i.e., MetaPharma. It’ an Advanced ERP solution to outgrow, outperform and outdo the competition.

Here are few reasons to choose a Pharma ERP solution:

Seamless Material and Inventory Management

The material wastage at various levels of inventory negatively impacts business profitability. The Pharma Manufacturers aiming to reduce the cost required. Pharma ERP solution helps in controlling material wastage and monitoring inventory levels. It helps to know the material required for the production, sets goals, makes targets for procurement, and displays material management. It helps in inventory level optimization that ultimately reduces wastage to an extent.

Document Management

In the highly regulated industry, it’s vital to maintain a record of data and its documentation for future analysis, audit. The ERP solution helps in storing the data in an organized manner that’s stored in silos to meet compliance needs.

Formulation Management

The drug formula is a great asset to the pharma manufacturing SMEs, that’s if stolen, mismanaged, or lost, it becomes disastrous. Understanding the security and tracking needs of formula management, the Pharma ERP solution allows the manufacturers to document all the details associated with formula management such as the list of ingredients used, how the ingredients used, tracking the ingredient details, and storing and securing the formulas with approval workflow. Additionally, restricted access is also enabled.

Batch Processing

According to cGMP guidelines, the drugs must be manufactured in batches, in place of a disorganized way. The ERP that can easily differentiate and well-handle the various types of drug production in batches helps a ton. Also, the pharma ERP solution for SMEs excels in dynamically sizing the batches as per the specifications, performing batch monitoring activities, the ability to print BMR and MBR, and SOP’s execution.

Lot Traceability

Going conventionally, if anything goes wrong it’s difficult for the manufacturers to exact where the problem is and then take necessary actions, which hampers productivity. Also, the lot traceability feature in ERP provides a 360-degree view of Drug Manufacturing from procurement to distribution and sales, which enables the manufacturers to easily manage recall situations and make product recalls at speed if required.

Takeaway

The pharma ERP for SMEs is no more a novelty, it has turned into a great necessity to sustain, survive, and thrive in the fierce competition. Also, the aforementioned gives no reason to SMEs to overlook the importance of the ERP solution in the manufacturing processes. Don’t hang fire to integrate the best ERP software!

MetaPharma an ERP solution that is suitable for Pharmaceutical manufacturers contains a Quality Management System and control functionality. For more information and a tailored demonstration contact us at MetaPharma.

Role of MetaPharma in Pharmaceutical Contract Manufacturing

by Meta-Pharma 05/02/2021 Read Time: 2 min

Processes in Pharma companies expand to include a multitude of sections especially research and development of new Pharmaceutical products. Usually setting up new processes or researching for new medicines comes with the baggage of a huge investment which the Pharma Company may or may not want to incur. In such cases, the company can outsource the specific task to Contract Manufacturing Companies that provide specific and comprehensive services from drug development through the manufacturing of the drug.

This helps the major Pharma companies to scale higher by outsourcing. The outsourced company in this way becomes a part of the client company for that particular project and duration. Since the stakes are pretty high, the Pharma Company would like to keep monitoring the progress of the Contract Manufacturing Organization regularly.

To bring the Contract Manufacturing Organization online with the parent company, MetaPharma an ERP solution that is suitable for pharmaceutical manufacturing companies plays an important role. Here are the following reasons to support the statement:

Project Overview

Contract Manufacturing Organizations are emerging as a single comprehensive source provider for outsourcing clients, from drug development through commercial manufacturing. In this case, the management can use MetaPharma for a Pharmaceutical Manufacturing company to see the stage that the vendor is in, what all has been done before, the extensive documentation, and forecasting important timelines based on the progress. An interactive dashboard can help the management see and give their feedback to the Contract Manufacturing Organization in terms of the timelines or the processes.

Safe Data Sharing

During research and development, there is a lot of data creation. Which the management might want to go through. They may find that the traditional ways of sharing are not safe and can take the help of MetaPharma (ERP). Where data is mapped to specific people and can be set with multiple steps of authority for viewing.

Also, the information in a pharma company becomes an asset, from the initial record to how many levels of modification have been over can be trackback to the user.

Reduced Overheads

The reason why Contract Manufacturing Organization comes into the picture is that they have specific technical knowledge and experts which the company might not find feasible to hire independently otherwise. Also, the parent company gets the benefit of hiring experts without much change in the overhead. Costing, forecasting, and calculating the ROI are some of the essential elements that can be done easily with MetaPharma for a Pharma contract manufacturing company.

Identification of Leaked Data

A lot is astray in data leakages especially when there are multiple departments, suppliers, and vendors who try to bring it on one platform. Hence, with the implementation of MetaPharma an ERP solution, a lot of data flows in a structural format, and leak data can be identified and stop. This helps to save a lot of money and will get an accurate forecast of sales, supply, and development.

For more information and a detailed demonstration contact us today at MetaPharma.

Features require in ERP for Pharmaceutical and Life Sciences Companies

by Meta-Pharma 04/21/2021 Read Time: 2 min

ERP system in the Pharma Industry needs an ERP that is tailor-made for the industry’s regulations and norms. The pharmaceutical industry contains typical processes which become challenging to manage. A company that consists of a similar field may find it significantly easier to manage the processes with the help of an ERP which is designed specifically for companies related to Pharmaceutical and Life Science.

Whereas, MetaPharma breaks the myth of SMEs by helping them in finding the solution of their problem with an Integrated Pharma ERP solution i.e., MetaPharma. It’s a robust ERP solution that helps to outgrow, outperform and outdo the competition. Unavoidably, such ERP solutions should cover most of the processes, but it’s important to look out for some specifications.

Let’s see what are those features require in ERPs:

Formulation and Pre-formulation Management

The manufacturing process of the drug comprises strict formulation and monitoring of raw material ingredients and finished product yields to produce a batch. The pre-formulation stage includes defining production procedures of drugs, stages, quantities, etc. With a robust ERP system, such as the Pharma Microsoft Dynamics 365 Business Central, pharma companies can ensure automation of these formulations without continuously watching productions and no worry of manual errors.

Meets Regulatory Compliance

Regulatory compliance is the most important factor for all pharma companies. It is essential to follow safety and healthcare protocols to maintain global standards. Whereas, Dynamics 365 Business Central can serve as a game-changer. It has a flexible interface, centralized networking features, and automation solutions. That allows pharma companies to keep up with the changing rules and regulations and helps manufacturers to track these measures and stay compliant.

Higher Level of Security

Approval and validation in Pharmaceuticals are important ways to ensure that every part of the supply chain is running smoothly and efficiently. Besides being readable and unique, the e-signature of each employee. It requires two forms of validation either a password or a user code. Make sure you confirm that the ERP you’re looking for has built-in e-signature capabilities, as well as the ability to customize them.

Precise Quality Management System

Consistency, quality, and safety are all important factors in process manufacturing, even more so when it comes to pharmaceuticals. Being compliant is one of the biggest challenges a pharmaceutical company faces and no compromises can be made. MetaPharma, an ERP solution integrated with the Dynamics 365 Business Central is suitable for Pharmaceutical Manufacturers. It contains a Quality Management System and control functionality. It covers the whole process from the purchase of raw materials to the manufacturing and post-manufacturing stages.

Subject to Customization

Though a lot of capabilities of Pharmaceutical ERP should be already built-in it’s important that the solution is customizable. Regulations change, business processes change, and so should your ERP. MetaPharma offers customization that would suit the exact needs of your company and can make changes at any time, not just at the beginning of the implementation.

For more information and a tailored demonstration contact us at MetaPharma.

Importance of Dynamics 365 Business Central for Pharmaceuticals

by Meta-Pharma 02/23/2021 Read Time: < 1 minute

Meeting the legal rules and regulations while focusing on profit and competitiveness is one of the key challenges of Pharmaceuticals companies.

Microsoft Dynamics 365 Business Central Track and Trace for Pharmaceuticals ensures the visibility of drugs along with the supply chain right from the time of drug manufacturing till the drug is in the hands of a patient that helps to minimize the cost of compliance, manage a secure pharma supply chain, and improve patient safety.

Contact us to schedule a personalized demo and learn more about the Pharma Track & Trace by MetaOption LLC that will help you to boost up your Wholesale Distribution business.