Pharmaceutical is one of the most complex, volatile, and highly regulated industries. In order to keep up with the constantly changing market trends, distributors need a robust system to streamline their logistics and improve efficiency. A pharma ERP system can help distributors meet diverse requirements, minimize wastage, and improve profit margins. That’s not it.
There are several ways a pharmaceutical ERP can help distributors manage scheduled drugs.
1: Inventory Management
Managing inventory is not an easy task for Pharmaceutical distributors. You need to consider various factors, including the production batch, expiry, and balances. The ERP software can help create inventory reports (with all the above information) and compare them with current orders so you can restock quickly.
2: Distribution Management
Know who and when to deliver pharmaceutical products without much effort. A pharma ERP can help you stay atop your deliveries and lot tracking. It also eliminates any possible human errors, thereby saving you a lot of money in the long run. You can even track your payables and receivables from within the app.
3: Prioritize Deliveries
Not all drugs are the same. Some have an abundance of supply, while others are scarce and more important. With an ERP system in place, you can prioritize deliveries of urgent drugs and ensure pharmacy stores and hospitals have access to them.
ERP for Pharmaceutical Management
Though a pharmaceutical distributor is not as closely regulated as manufacturers, it is crucial to comply with state and federal laws. An advanced ERP system like ePROMIS can help you ensure compliance while still providing you a birds-eye view of your operations. The best part about using a cloud-based ERP is that it updates information in real-time and allows you to access them from anywhere, using any internet-connected device.