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Pharmaceutical / Nutraceutical

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Why Sage X3 is ideal as a pharmaceutical ERP

By | ERP, Pharmaceutical / Nutraceutical | No Comments
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Increasing regulatory complexity means your pharma company needs tools to ensure mandates are met.

Your pharmaceutical company needs the right enterprise resource planning (ERP) solution to meet changing regulatory expectations and to achieve the efficiencies in supply chain management that drive productivity.

Having the right pharmaceutical ERP in place lets your company optimize operations, ensure accuracy and compliance and create efficiencies that boost the bottom line.

Improving supply chain traceability, quality control and regulatory compliance is why Sage X3 is ideal for pharmaceutical ERP.

Optimizing supply chain traceability

Customers and regulators alike expect pharma companies to offer complete traceability from sourcing to manufacturing to labeling to distribution. That means having an ERP that can adapt to the complexities of pharma.

Sage X3 offers pharmaceutical companies a suite of supply chain management tools that includes:

  • Purchasing management, including supplier details, audit trails, import cost management, expenditure authorization, a buyer’s workbench and stock valuation
  • Inventory management, including stock data, inquiries, count management, consumption analysis and automated data collection
  • Integrated sales management, including automated transactions, sales workflows, logistics and invoicing.

Collectively, these tools provide your pharma company with the necessary details to optimize supply chain operations and traceability.

Two workers with white protective gear cleaning a machine.

The FDA has proposed more stringent mandates that will mean more data collection and reporting.

Impact on regulations

Supply chain traceability is an important component to regulatory compliance, especially with an endless number of new and updated guidelines.

For example, the U.S. Food and Drug Administration (FDA) in 2018 proposed new guidelines for pharma manufacturing to provide new standards for generics, sterility mandates and data controls. Specifically, the suggested guidelines include:

  • Contract manufacturing guidelines that update rules on the identity, strength, purity and quality of products meant for humans; better controls regarding using best practices; improved material handling; enhanced sterility guidelines throughout the supply chain; and closer scrutiny of foreign manufacturing.
  • Consistent data integrity improvements, including increased requirements for control data accuracy; workflows that can be tracked and validated; and audit trails at outsourced facilities.
  • Universal generic drug standards among international regulatory entities.

Need for better quality assurance

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 ERP for pharma provides the core functions necessary for accurate quality assurance, including serial number, batch and sub-batch numbers management, stock status (accepted, rejected, inspected) management; re-inspection and expiration data management; and upstream and downstream traceability.

Sage X3 in action

Sage recently implemented an X3 solution at Shire Pharmaceuticals, one of the world’s fastest-growing pharma companies that specializes in solutions for behavioral health, gastrointestinal illnesses, regenerative medicine and rare diseases.

The company had experienced rapid growth, largely through acquisitions, and needed an ERP solution that  could scale to accommodate future growth.

The initial rollout was for financial services management among its European subsidiaries with plans to roll out the solution more broadly. With the new system in place, the European entities are now experiencing:

  • Consistent charts of accounts
  • Streamlined daily tasks
  • Personnel sharing
  • Consistent reports generated from a central location
  • Lower software maintenance costs

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. Learn More about ERP for the pharma industry today.

 

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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

By | Pharmaceutical / Nutraceutical | No Comments

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

By | Pharmaceutical / Nutraceutical | No Comments

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

Technology that runs your pharmaceutical
and nutraceutical manufacturing business

Sage X3 can transform your pharmaceutical and nutraceutical manufacturing company

Take the product tour

Take control of finance, accounting, production, customers and quality control

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.

NexTec and Sage X3 (Enterprise Management) has the answer.

Inventory control

Benefits for the pharmaceutical and nurtraceutical
manufacturing industry

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

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 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

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 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

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

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
Sage Enterprise Management screenshot

See Sage X3 in action

Take the product tour today

Take the tour

Pharmaceutical and nutraceutical blog posts

Ready to learn more? Request a demo today.

NexTec Group is an award-winning business software consulting firm with over 24 years of experience helping companies streamline quality control processes and ensure compliance. We specialize in implementing ERP, CRM, BI, Cloud and On-premise solutions that can manage product recalls and customer issues, track products, and improve operations.

Contact us to learn more.

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Traceability

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