The pharmaceutical business has an in depth reference to individuals’s well-being and therefore has quite a few strict regulations to be adopted. These are across different enterprise functions like operations, analysis and development, distribution, finance, manufacturing, quality administration, sales, and advertising and marketing. Thus, to become successful a pharma company has to comply with all these rules and laws. It requires a platform like Odoo ERP to make sure that their enterprise is in the best direction.

Let’s take a look at the benefits Odoo ERP offers for the pharmaceutical business.

Regulatory Compliance

The major challenge a pharmaceutical business faces is that of complying with the varied guidelines and laws. Also, these compliance necessities, as a rule, change from one province to a different. Business Central makes these compliances lots simpler to achieve. It contains multiple features and functionalities that help companies follow good automated manufacturing practices that lead to quality output at every stage. Also, it helps reduce paperwork and will increase the general effectivity because of automated processes.

Accurate Inventory Management

Odoo ERP helps to handle your inventory throughout totally different places and areas. It helps you in balancing the batches of assets based on their availability and efficiency ranges. It ensures the supply of all essential assets on the right time and in the best proportion. Also, it helps you to decide which inventory to use and when, relying on various factors like shelf lives, storage circumstances, and so on. Which helps to supply an accurate image of the available stock.

Data Security

This data is very confidential, especially around resources, recipe formulation, and different analysis and development-related information. Business Central has security features like user-role-based access that ensures that your information is available only to the best set of individuals. Also, it’s a cloud-based platform and therefore makes it possible that the right individuals can access the best data, anytime, from anywhere, and on any system.

Product Recall

Product recall, although undesirable, is a vital half of pharma products. Odoo ERP for Pharmaceutical industry lets you have a definite plan for product recall. Odoo ERP comes up with tracking capabilities to watch the item right from the early stage till achievement. This functionality makes it simple for a enterprise to determine the product throughout the supply chain and recall it accordingly.

Vendor Management

A pharmaceutical firm could have vendors spread globally. Managing the distributors is important for the enterprise. Odoo ERP for Pharmaceutical industry has a vendor management module that assists companies in making certain timely payments, placing orders, monitoring vendor supplies, and various other aspects related to vendor administration.

As we will see, Odoo ERP for Pharmaceutical industry provides numerous benefits for the pharmaceutical industry. If you are interested to know more about Odoo ERP for Pharmaceutical industry for your enterprise, you may contact us today at Apagen.

Author's Bio: 

Business solution-centric Odoo Consultant and IT professional with about 11+ years of experience spanning Odoo delivery, Sales, pre-sales, Odoo product development, Odoo business consulting, outsourcing & ADM services in leadership positions.

• Has headed Practices for Enterprise Solutions ( SAP, Baan & Odoo )

• Experience across domains likeSales and Marketing, Logistics, Manufacturing, Retail, Chemical, Automotive maped to Odoo

• Extensive experience in large program delivery & business process transformation consulting (Odoo Consultant) for multiple programs

• Demonstrated experience in designing new product & service offerings and executing global Go-To-Market strategies for new offerings for new market penetration

• Proven leadership skills with balanced focus on people, processes & technology

• Pioneered the use of ERP systems in various Processing Industry

• Worked as Process Heads of Marketing, Sales, Purchase, HR, ERP Project deliveries and also worked as Business Heads for many companies like IBM, JKT, Denave India, FCS and presently at Apagen