ERP systems empower organizations to achieve business growth, helping them gather information and meet all necessary quality and compliance requirements. An ERP solution can be configured for the unique needs of the life sciences sector and enables the organization to enhance its business model to meet industry standards and government regulations.
These capabilities help firms such as the Center for Breakthrough Medicines, an innovative contract development and manufacturing organization focused on cell and gene therapy services. The Center for Breakthrough Medicines is committed to regulatory compliance and cGMP-compliant services delivered by applied research, development, and manufacturing science and technology experts. And they lean on ERP services to get there.
ERP software enables pharmaceutical companies to improve their use of raw production materials, reduce wasted costs and overstock, and increase the efficiency and accuracy of procurement, management, and replenishment.
By integrating an ERP platform with warehouse management software like Loxodo, businesses can increase the accuracy of their orders and get real-time data every day for better order management.
ERP can be interconnected with third-party logistic providers and EDI systems, leading to improved supply chain management.
For businesses juggling different laboratories and third-party manufacturing facilities, quality control is critical. ERP systems accommodate regular quality control tests, result tracking, and process validation.
By adopting an ERP system, organizations can also improve their production standards.
For example, the Center for Breakthrough Medicines has dealt with multiple third parties in various advanced, complex laboratories and production facilities while maintaining exacting quality standards.
An ERP system can dramatically improve sales team performance. It can automatically produce sales quotes, notify agents when to contact prospects, track customer histories, programmatically transfer information to sales orders, and help unify marketing with sales, among many other user benefits.
In an age where automated and digital processes are as important as people skills for effective sales, ERP serves as the foundation for modern life sciences selling.
Financial Visibility and Reporting
The use of an ERP platform enables life sciences businesses to record historical data, facilitating seamless audit checks and document analysis with accurate information. For businesses with operations in various countries that must cope with multiple currencies and taxation regimes, ERP systems offer the financial team and top management visibility into overall business operations. ERP services also offer a holistic view of reporting as integrated real-time data, reducing redundancy and duplicated data.
An integrated ERP solution helps streamline the overall processes of the whole organization and makes it possible to connect with third parties for a comprehensive supply chain, resulting in increased overall efficiency, accuracy, and productivity. This gives companies the agility to quickly adapt to new industry opportunities. ERP also makes it possible to get real-time information and analytics, improving profits and efficiency.
Using a cloud ERP system that’s pre-built for specific industries can help organizations save implementation time and costs. Simple, scalable modular features that support a high-growth business will minimize the risk that a large and time-consuming IT project will end in failure; the shortened implementation time for this kind of ERP platform reduces the opportunities lost due to disrupted operations and production.
Navigator Business Solutions offers a unified system built to support and scale with the unique needs of life sciences firms. SAP Business ByDesign serves as the ERP platform and is accompanied by an innovative implementation approach that facilitates FDA validation with best-practice Standard Operating Procedures (SOPs) that enable customers to go live quickly and achieve full GMP on a timeline that may exceed their expectations.
Learn more about how this unique ERP software is designed to meet the needs of executives, accounting personnel, management, IT departments, operations, and even quality and regulatory control staff in the life sciences space.
Learn more about the Biotech FDA approval process.