Sage X3 ERP for Pharmaceutical An ERP System for Pharmaceutical Manufacturing Companies

General Material PurchaseDepartment users can raise a material requisition request for the required raw material to the storekeeper. Consequently, the storekeeper will check if the material is available in the warehouse using Sage X3’s inquiry screen. Walt is based in Cleveland, OH and has been selling, implementing, and supporting ERP software for over 25 years. Currently, he is the Chief Business Officer at RKL eSolutions, driving revenue growth through customer acquisition and strategic business partner alliances.

  • Sage X3 is an efficient ERP system where all data can be accessed via cloud storage.
  • However, users can manually assign batches if they want to change the LOT allocation.
  • A formula tracking system will also give you the ability to scale batches and formulas so you can produce larger quantities in a single manufacturing run.
  • One of the aspects that makes inventory management in pharmaceutical manufacturing unique is the issue of controlling for material and product expiration.
  • It sounds like a good problem to have, but unforeseen spikes in demand can be detrimental to companies that aren’t agile enough to keep up.
  • It’s already used in retail, logistics, engineering, pharmaceuticals, and manufacturing industries.

Businesses can comply with stringent regulatory requirements to meet the highest standards of quality and safety. ERP software for pharmaceutical manufacturing helps modern-day pharma companies deal with numerous challenges they face. For example, ERP keeps track of https://www.globalcloudteam.com/ price fluctuations and current market demand to make informed strategic decisions. Similarly, it keeps a bird’s eye throughout the entire production process to identify areas of waste, eliminate waste, reduce costs, and aggressively respond to market price wars.

Recipe Management, Tracking, Control, and Security

A smart Pharma manufacturing industry has capability of real-time data visualizations. Data captured from multiple sources like finished or still-in-production stages can be converted into actionable insights to estimate cost, deliverables, production, raw materials etc. A transparent system enhances visibility across departments by providing tools such as role-based views, real-time alerts and notifications, and real-time tracking and monitoring. Whether it’s pharmaceutical or nutraceutical, life sciences companies span a variety of different disciplines including research and discovery, production, supply chain, and distribution. With increased pressure from consumers and regulators on transparency and compliance, life sciences organizations are prioritizing data sharing and automation more than ever before.

As a Pharmaceutical manufacturing company, you should select an ERP for pharmaceutical manufacturing software that conveniently manages your business’s requirements. ERP systems with a robust process manufacturing foundation, and that can take care of the degree of variability of products and manufacturing processes should top your search list. You must pay great attention to whether the ERP system will help you lower down product manufacturing costs, improve scalability, provide better customer service, and can customize itself according to the situation at hand. Pharma ERP software is a versatile software that automates various pharmaceutical processes such as production and quality assessment, formula management, cost budgeting, lot tracking, and marketing. It records product expiry, corrigenda, non-conformances, and other related data to provide end-to-end traceability and track the movement of products throughout the manufacturing process.

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Gain real-time visibility across your global supply chain and create transparency for all stakeholders. Sage X3 accelerates your entire business, and delivers faster insight into costs and performance at every step, on a global scale. With the ever-increasing regulatory requirements, companies must ensure they are compliant with all applicable guidelines.

sage x3 pharmaceuticals

For more information about choosing an appropriate pharmaceutical ERP, please contact Net At Work today. You may have other requirements depending on your specific needs, but that list should get you started. Once you’ve nailed down your requirements list, start to consider the modules and capabilities you will need in an ERP solution. The company had experienced rapid growth, largely through acquisitions, and needed an ERP solution that  could scale to accommodate future growth.

In Pharma, Success Starts with Inventory Management

In fact, there are fully integrated ERP solutions for pharmaceutical manufacturers that manage everything from accounting to customer relationship management to manufacturing to sales and beyond. Sage 300 makes optimum utilization of all available resources, the result is higher efficiency and better performance. It can also track lot properties while optimizing and improving other business processes like batch production, sales functions, inventory control, purchasing, quality assurance, accounting and financials, regulatory reporting etc. The marketing department can run promotional campaigns and monitor vital statistics in real-time. They can alter campaigns based on changing market patterns and implement strategies on-the-go.

Sage X3 offers flexible configuration and deployment options which means it can be set up to support your industry-specific processes. Governments globally are constitutionalizing strict regulations and are penalizing companies that don’t adhere to such laws. Sage X3’s powerful regulatory compliance suite consists of features that will allow you to monitor the new and updated government guidelines and stick to them.

Sage X3 Deployment & Cloud Service Offerings

Inventory Control – Having the right amount of inventory at a particular time can be decisive to success and if inventory management is improved, waste can be decreased. Better Inventory Management is also the key to better and successful Customer Relationships. Advisors for technology.Save time and accelerate sustainable growth with our array of business management software and IT solutions. Sage X3 is a powerful solution for pharma companies looking to be compliant, accurate and efficient. At NexTec, we help pharma companies identify ERP needs, select the right solution and optimize the product. One of the most important elements of supply chain transparency and compliance is ensuring that there are sound quality assurance processes in place.

sage x3 pharmaceuticals

Such systems give users a menu system that provides information specific to the user’s job, and graphical workflows drive business processes. There is also a Google-like search capability to find information throughout the system. Sage X3 is integrated with Business Objects and comes with five predefined cubes of data and thousands of metrics that don’t require additional consulting dollars to configure when using the “out of the box” metrics.

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If so, there are many systems that track the lot number of each ingredient as well as lot numbers for ingredients used to make ingredients. Producing consistent, high-quality pharmaceuticals that comply with regulations is another what is sage x4 critical success factor for manufacturing companies in this industry. Make sure your system supports each step of the process and allows you to request quality control tests, track the results, and take corrective action.

Managing inventory is a basic feature of any ERP system, but make sure yours allows you to follow the FEFO (first expired, first out) approach to inventory management. Why bother gathering data if you don’t have the ability to produce actionable information from that data? Some examples of pharmaceutical-specific reports include reports related to the frequency of expiring products in inventory, quality control test results, and trial. With many packages, you’ll also be given the option of creating custom reports or managerial dashboards. Back-office accounting functionality integrated with your pharmaceutical manufacturing package will encompass features like accounts payable processing, receivables management, financial reporting, and budgeting.

MUST-HAVE ERP FEATURES FOR THE PHARMACEUTICAL INDUSTRY

Workflow management functionalities provide checkpoint tracking in your manufacturing process to identify when samples should be taken for quality control tests. It’s a common practice in Pharmaceutical manufacturing businesses to buy raw materials in one unit of measure, store them in warehouses in another, convert them into finished products in one more, and finally sell them in another. The sales order is fed in Sales Management System of Sage X3, supplemented with a delivery and sales invoice. Also, maintaining appropriate control over the sales of pharmaceutical products is required by drug law authorities.


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