The significance of the product depends heavily on its quality as higher the quality, higher the trust and sales or vice versa.

Therefore, pharma manufacturers check the product quality at every level of manufacturing and produce the final products that meets the stringent regulatory standards.

Nonetheless, pharma manufacturers require a tool that helps them to develop quality products.

The evaluation of safety & maintenance of products majorly depends on how quality is controlled in pharmaceutical manufacturing.

Quality is controlled at every stage of manufacturing, mainly at the time of:  Receiving Raw Materials: The raw material for pharmaceuticals is only bought through FDA- approved and verified suppliers.

Inspection plans and checklists are used to identify which material is fit to use and which one needs to be rejected.

SMB’s are continuously battling with various sectors of business regardless of whether it's bookkeeping, inventory or financial planning.

The main reason behind this is having a lack of availability of the tools to manage the system efficiently.

However, with the help of enterprise resource planning software, you can improve your business operations with ease.

Here, we’ve mentioned some of the finest benefits at how an ERP software can improve your business performance:Improved Reporting: With the help of an ERP system, all the business data solidified in one area, where you can produce complete reports and analytics anytime.

Also, pharma manufacturing ERP solutions furnished with business intelligence that figure the development of your organization.

As opposed to squandering five minutes asking your stockpile supervisor, who at that point checks their own records, delegates can get to the ERP database to furnish the client with data in a fraction of the time.

Management of inventory is a tedious task for every organization particularly for the SMBs as they have to perform several business operations simultaneously.

Inventory consists of several important things to manage such as ordering, storing and shipping of the manufactured products and many more.

Without proper management of inventory, businesses can either lose money because of the absence of inventory or waste their money due to the excessive stock available in the inventory.ERP inventory management assists companies in numerous ways.

A special identification number has been allotted to each and every product so that the items can be easily confirmed.Furthermore, this software can assist you to minimize the operational expenses by providing detailed insights at the time of reorder, restock or remanufactured products.

Also, an effective pharma ERP solution eliminates the difficult tasks, therefore, increases efficiency by handling lots of inventory challenges.Here are certain inventory challenges that can be easily resolved by an effective ERP solution.Advanced ERP systems can eliminate excessive inventory, shortage of inventory, dead inventory, inventory turnover.Abundance of inventory: Suppose your company sells seasonable products, at that point, you don't have to place excess inventory as storing excessive inventory limits the liquidity at the same time too much forecasting leads to a shortage of inventory which is also unsafe.

Lack of stock during peak selling periods can be deleterious at that time period.

Pharma industry is one of the highly regulated industry with rapid changes happening every once in a while.

Pharmaceutical companies need to be adaptive along with the changes followed properly.

This makes pharmaceutical companies highly competitive.

ERP for pharma companies smoothens various operations in pharma companies, allowing it to yield maximum output.

There are multiple operations like expiry management, quality, formulation, costing, and compliance.

To manage all the processes, the company needs the best ERP software for pharma industry.Lighthouse Info is known to provide the exemplary ERP solution for pharma company but not limiting to that.

Enterprises predominantly SMBs don’t stop for a second in utilizing resources in obtaining and maintaining data.

With the help of accurate tools, effective methods and powerful techniques, it can surely increment the business ROI.

Earlier, all the BI-related activities were performed manually by creating and managing thousands of spreadsheets that too with an output of the static report.

That’s why many SMBs are looking for the business intelligence tool that assists these companies in a much broader way.Business intelligence comprises various software and applications that have the capability of storing massive data securely by analysing and presenting it to the users in the format that they desire.Today, ERP software for pharmaceutical industry comes with integrated business intelligence modules that enable organizations to provide dynamic reporting, satisfy the users with their exact needs so that they can access the data from everywhere.

Let’s look at the benefits of integrating BI with ERP systems:Real time data allows for faster decision making:One of the most vital benefits of integration BI with ERP is its ability to provide a real-time screen to the managers that helps them to make intelligent business decisions and keep them more informed about their data.

For instance, if a production manager wants to closely watch the floor’s scrap rate.

And today, we can see an upgraded version of ERP for pharmaceutical industry than what was available 20 or 30 years ago.The first few years were dedicated to moving the whole solution to the cloud-based system.

However, there are some emerging trends too that are currently floating in the field.

Although pharma ERP solution has been less expensive over the years, it is still an expensive investment that will affect most of the parts of your organization including human resource, manufacturing, accounting, marketing, and more.

So, if you want to continuous rule the market, here are few emerging trends that you can’t miss out: Two-Tier ERP systems: Earlier, corporations used to deploy a single ERP system that handled back-office operations of all their offices.

As a result, it leads to costly failures as the systems could not be used for fulfilling other departments.

Today many multinational corporations are deploying a two-tier ERP system as with the help of it, corporations can access various offices in different parts of the world.In a two-tier system, the first tier is termed as a legacy application that is used to handle the operations at the corporate level while the second ERP system is used by its subsidiaries.