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Pharmaceutical / Nutraceutical

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ERP issues in industries Intersecting with food, chemicals, and cannabis

By | Agriculture, ERP, Pharmaceutical / Nutraceutical | No Comments
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Access to better data can help pharma companies make better decisions about operational and sales matters.

For pharmaceutical and agricultural businesses, the opportunity to forge deep partnerships can make a major difference. In an era of tight margins, rising costs, and increased regulatory scrutiny, these partnerships can go a long way towards transforming profitability.

As noted in the recent post, Three Industries Where Your ERP Choice Is a Major Competitive Differentiator, several industries are seeing the advantage of using enterprise resource planning (ERP) software to ensure compliance and improve operations. For pharmaceutical and agricultural companies, using ERP tools can enhance the ability to partner with other companies in highly regulated spaces.

Here is a closer look at ERP issues in industries intersecting with food, chemicals, cannabis companies.

It begins with data

In both pharma and agriculture, data is critical to making better decisions. Having an enterprise resource planning software solution helps companies resolve several key issues with data.

Both industries have suffered from a lack of real-time data to drive decisions. There’s also the risk of unreliable data, largely due to manual tracking and reporting.

Data duplication and unreliable data can have a severe impact on decision-making. With incomplete or inaccurate data workers are unable to make informed decisions reliably.

Farms are notorious for creating silos where different areas of the organization are not integrated or producing unreliable data. The consequences? Not knowing how much inventory is in place or how many finished goods are available for sale.

In pharma companies, integration of sales, production, and distribution can lead to major competitive advantages. However, without an ERP solution in place, companies will struggle to gain leverage.

Man standing in a dairy farm surrounded by cows.

Farms need access to integrated data to manage inventory and available products.

The ERP Advantage

ERP platforms allow for the integration of data and systems across enterprises. Sales and marketing information, customer relations, finance, and production areas can share data transparently, providing access to employees across the organization. Shared data allows for more insights and better coordination.

Companies can also share information across the supply chain, providing companies with the opportunity for deeper collaboration. In pharma and agriculture, and related nutraceutical companies, this can mean deeper relationships with food and beverage, chemical, and cannabis industries.

By providing data, access, and insights, pharma and agriculture companies gain major competitive advantages. The ERP provides richer information and context that drive more strategic decisions. Here are a few key benefits:

  • Real-time visibility into production, shipping, financials, and regulatory compliance tools
  • Inventory tracking and management
  • Production scheduling, including, for farming, nutrient, watering, and application scheduling
  • Work monitoring
  • Quality control
  • Materials consumption
  • Order management
  • Analytics that can be deployed to drive efficiency

ERP systems also provide an advantage when it comes to regulation. Automation tools and sensors help to track, record, and report on data necessary for compliance. For many industries, compliance relates not just to the company itself but its suppliers. By providing accurate, detailed, and timely compliance information, pharma and agriculture companies deepen relationships with other regulated partners.

At NexTec Group, we help companies manage the complexities of choosing the right ERP solution. Our consultants know the vendors, products, and features that best match your needs. Contact us to see how NexTec can help your agricultural or pharma company gain a competitive advantage.

ERP solutions

Pharmaceutical ERP solutions: the essential checklist

By | ERP, Pharmaceutical / Nutraceutical | No Comments
ERP solution

An enterprise resource planning software solution can help integrate myriad pharma manufacturing systems.

Pharmaceutical manufacturers are finding ways to innovate production, process, and efficiency using new digital technologies that are transforming the industry.

As digital transformation changes the way pharma companies create and distribute products, they need tools that leverage multiple technologies and systems. With an enterprise resource planning (ERP) solution, pharma companies can have better access to information necessary to make informed decisions that create streamlined production runs, anticipate demand and need, and maximize the use of production equipment.

Here is a closer look at the benefits and strengths of pharmaceutical ERP solutions:

  • Streamlined processes. An ERP solution helps a pharma company coordinate supply and demand with real-time information about sales, change orders, and anticipated orders.
  • Better batch management. For each recipe, there is a need to draw information from different systems. Compositions and ingredients need to be documented. Quantities, storage procedures, analysis certificates, pH values, and particle sizes need to be tracked. These details and histories are essential for compliance and, if necessary, track and trace procedures.
  • Inventory control. While many ERP solutions track inventory, there are specialized needs within the pharma industry. It is critical that first-to-expire, first-used processes are in place. This requires core integrations between warehouse management and production functions. Failure in this area can risk lost revenue and patient danger due to ineffective pharma solutions.
  • Better accounting and finance. Integrated back-office functions help finance departments monitor anticipated sales, make better revenue forecasts, and streamline billing cycles.
  • Improved tracking and tracing. Regulatory agencies require careful measuring, labeling, and marking that allow for rapid tracking and tracing if there is an issue post-production. The right ERP solution helps in three areas essential to tracking and tracing:
    • Ordering automation. As new orders are entered directly into the ERP system, there is more security and accuracy with the reduction of required labeling or production line order management.
    • Full product monitoring. Throughout the supply chain, an ERP system can monitor a product’s lifecycle, including measuring and recording information on material sources, dates, and usage. Reporting can detect variances or risks of contamination throughout complex supply chains.
    • Reporting. Reporting can generate real-time data and help facilitate analytics to be used by internal and external monitoring and regulatory personnel. Documentation can be customized to comply with regulatory requirements and provide transparent access to information when required.
  • Sales force management. An ERP solution can integrate with customer relations management (CRM) software to ensure integrated sales force data. Contact information with physicians and other care providers, pharmacies, and chemists can help track orders, prescriptions, fulfillment, and samples.
ERP solution

ERP solutions help integrate sales contacts and manufacturing schedules to allow more information exchange and improved efficiencies.

At NexTec Group, we help companies in pharma and other industries find the right solutions that leverage the latest in digital technology. Our skilled teams of consultants work closely with our clients to understand their businesses, needs, and challenges. With an extensive knowledge base of the vendors, products, and features available, we help pharmaceutical companies identify and implement the right ERP solution. To learn more about how NexTec can transform your pharma business and leverage digital revolution opportunities,  download the NexTec Corporate Brochure.

Download – Does your pharmaceutical business need a health check?

By | Pharmaceutical / Nutraceutical, Sage Enterprise Management | No Comments

Does your pharmaceutical business need a health check?

Discover how NexTec ERP for Pharmaceuticals can take the pain out of FDA compliance.

Pharmaceutical Demo

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Take an interactive tour with Sage X3

The virtual Sage X3 demo is a self-guided product tour that you can take whenever and wherever you want. Sage X3 takes the complexity out of running your business. It simplifies every part of your operation, leaving you lean and ready for whatever comes next, wherever you are in the world.

  • Integrated ERP, CRM and BI (financial, sales, distribution, inventory, manufacturing, customer service and business intelligence)
  • Available in the Cloud or on-premise
  • Connect from PC, mobile phone or tablet
  • KPI dashboards that can be customized by industry
  • MS Office integration

Pharmaceutical Benefits

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Top benefits of ERP | CRM | BI software
for pharmaceuticals / nutraceuticals

Streamline pharmaceutical manufacturing

Process-specific functionality, as well as granular, multi-level controls, provide complete tracking of formula management, weight calculations, and potency management. Integrate all stages of the manufacturing life cycle, including costing, capacity planning, and product packaging.

Improve R&D efficiency

Accelerate product development by eliminating time-consuming tasks like maintaining formulas through various systems. Free up your R&D team to dedicate more time to formulate not manually managing complex functions like quality control.

Meet quality control demands

Complete routine quality assurance tasks more accurately as pharmaceutical materials undergo quality screenings and tests. Increase the speed of your inbound and outbound materials resulting in a faster turnaround. Rigorously enforce inspections through a fully integrated quality-control process and eliminate costly mistakes.

Meet FDA and pharma compliance regulations

Eliminate the labor-intensive, manual procedures of compliance to increase efficiency and avoid errors. Ensure you meet all FDA and global regulatory agency requirements for product development and commercialization while auditing and tracking all production transactions through the entire product cycle.

Efficiently manage batch recipes

Meet the strict documentation requirements for batch recipe management, like ingredient and preparation cost, historical ingredient data such as source, preparation, storage and processing methods, and manufacturing and shipping data.

Meet strict traceability requirements

Minimize the risks and recall size with complete forward and backward lot traceability. Respond quickly to an internal, supplier or customer defect and retrieve pedigree information rapidly to understand the scope of the affected drug recall. Improve data integrity by connecting all the links in the supply chain. Ensure every recalled item is removed from the shelves quickly to minimize the loss of customer confidence.

Control inventory in real-time

Control your production flow more efficiently and with increased accuracy. Automate and simplify inventory procedures and increase inventory turn rates and order fill rates. Take control not only of stock but also non-stock and direct ship items.

Meet customer commitments through better planning

Optimize inventory levels and procurement of materials, to minimize carrying costs and better respond to customer demands. With a detailed supply and demand analysis, improve forecasting to more efficiently plan your production and scheduling.

Scale for increased production

As you scale and add more product lines, SKUs and new locations, minimize any disruption to operations. Manage equipment and resources availability and experience no downtime as you grow or change operations in response to the evolving demands of the market.

Pharmaceuticals / Nutraceuticals

By | Pharmaceutical / Nutraceutical | No Comments

ERP | CRM | BI software for
pharmaceuticals / nutraceuticals

Are you finding it more difficult to improve operational efficiencies and profits while trying to be transparent and complying with regulations?

For companies in the pharmaceutical, nutraceutical and other life science industries, there’s increased pressure for maintaining competitiveness while complying with FDA and other regulations. Thinning pipelines, skyrocketing costs and greater government oversight are among the many factors that are creating unprecedented challenges.

Succeeding in this environment requires streamlined operations; an integration of practices across all business functions; and real-time, comprehensive visibility into every aspect of each process. Your company needs to stay nimble and quickly adapt to the changing business environment.

To solve these challenges, pharmaceutical and other life science companies are adopting new software tools that combine multiple data points, in real time, into one integrated platform. These tools — Enterprise Resource Planning (ERP), Customer Resource Management (CRM) and Business Intelligence (BI) software — help increase profits and foster growth by streamlining operations, saving costs and managing regulatory demands.

NexTec partners with world-class technology partners, like Sage, Microsoft and Acumatica, and has a nationwide network of consultants with deep expertise in pharmaceuticals, nutraceuticals and other life science industries. As an award-winning business with a track record of more than two decades, NexTec offers innovative, affordable and personalized software solutions that are tailored to your needs and will help propel your business to the next level.

Based on interviews with Sage X3 customers, Forrester created a Total Economic Impact (TEI) Study that revealed that a composite organization of Sage X3 achieved a 177% ROI, $1.7M from cost savings over three years and an expected payback period of only five months. Download the study >>

Traceability

By | Agriculture, Chemicals, Food and Beverage, Inventory control, Manufacturing, Medical Device, Pharmaceutical / Nutraceutical, Process Manufacturing, Traceability | No Comments

Pharma Compliance: The Cloud, CRM and HIPAA

By | Cloud, CRM, Medical Device, Microsoft Dynamics 365, Pharmaceutical / Nutraceutical | No Comments

Pharma Compliance: The Cloud, CRM and HIPAA

Efficiency is the watchword in healthcare today. With recent regulatory and legislative changes, including the advent of the federal Affordable Care Act, pharma and healthcare organizations are facing both increased costs and competition at a time when investments in healthcare are in decline. As they seek to serve patients better while bolstering productivity, could cloud-based customer relationship management (CRM) be the answer?

A growing number of healthcare firms think so. New research finds the global healthcare cloud computing market is expected to grow from $3.73 billion in 2015 to $9.48 billion in 2020, an astounding CAGR of 20.5%. Cloud applications like CRM are attractive to healthcare organizations because they offer:

  • New features at low cost: With cloud applications, healthcare organizations can use the latest features and functions without the cost and hassle of managing and maintaining on-premise equipment and software. Rather than making large up-front investments, organizations are billed on a usage basis  enabling them to get to market quickly and keep to budget while meeting their growing needs.
  • On-demand access: Since applications are hosted in the cloud, all data and functions are available to staffers from just about anywhere and any device, significantly improving communications and collaboration, while simultaneously decreasing overhead and improving productivity.

Compliance in the Cloud

Unfortunately, healthcare organizations looking to adopt cloud solutions face several obstacles, not the least of which is compliance. While many cloud service providers (CSP’s) claim to service the healthcare industry, few actually offer the end-to-end security and compliance-ready solutions required, especially when it comes to complying with the Healthcare Information Portability and Accountability Act (HIPAA). Under HIPAA, healthcare providers must ensure patient data remains secure, no matter where it is stored or accessed. A requirement few CSP’s can meet.

Sage CRM is different. It is specifically designed to meet both the productivity and compliance needs of sectors such as pharma, medical device manufacturers, medicine, and life sciences. It helps these businesses curb operational costs, increase patient loyalty, and streamline communications by providing:

  • Secure, safe data management: While Sage CRM uses a single, unified cloud-based repository for all critical patient data, it also ensures that data is secure yet available to authorized users anytime, anywhere. Its innovative design ensures businesses can lower administrative costs while meeting strict compliance mandates.
  • Streamlined communication: Sage CRM makes it easy to send out automated notifications and messages related to follow-ups, appointments, prescriptions, and more. This helps save administrative personnel time and costs while ensuring patients receive the ultimate in service and care.
  • Workflow automation: With Sage CRM, healthcare organizations using cumbersome, error-prone manual processes for critical functions such as invoicing, billing, prescriptions, and more can replace them with customized, automated workflows that boost both operational performance and efficiency.

NexTec knows the intricacies of CRM in the cloud. As a Sage CRM partner, we are uniquely qualified to ensure your cloud-based CRM solution provides the efficiencies and competitive edge you need plus the care and services your patients expect and deserve. Contact us to learn more.