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The domestic pharmaceutical industry of India contributes substantially to the country’s economic growth. Advancing from 1.3 trillion in 2018, it is expected to witness a spike of 9.4% in 2019. India is poised to emerge as an end-to-end pharma manufacturing leader in the global industry by 2020.
Pharmaceutical companies are bound to follow various laws that are related to quality, safety, marketing, patenting and testing. Handling such complex operations manually is not feasible. If done wrong, it could throw a business off the track in no time. Therefore, most of the companies consider ERP for pharma trading.
An ERP system acts as the SPOC (single point of contact) for all the company data related to multiple departments to optimize workflows and increase business efficiency. ERP in pharma trading helps organisations add agility in their operations.
Batch and Lot Tracking
Sales & Marketing Management
Improved Supply Chain Management
Efficient Process Management
Faster Revenue Tracking
Reduced Operational Cost
Accurate Inventory Tracking
It is of utmost importance to document the recipe of every batch for safety and quality purposes. ERP for pharma trading comes handy when the data needs to be documented for auditing purposes.
Our business software solutions including Sage 300cloud and Sage X3 simplify account payables, vendor management, inventory tracking and offer multi-language support. Sage Software Solutions provide industry specific ERP for SMEs and enterprises in India.
To know more on Sage Pharma Trading industry, SMS SAGE to 56767 or contact us here. You can also drop us a mail at sales(at)sagesoftware.co.in for a FREE demo.