The introduction of latest WTO policies has compelled the pharmaceutical industries to implement ERP for the integration of the data and functions so as to hold the key position in this competitive market. Optimizing the usage of the resources through proper information and right time wise decisions has been the top priority to consolidate the position in the international market and so rises the demand for the enterprise resource planning application. The pharmaceutical market is very dynamic with the latest product launches, up gradations, maintaining quality control in compliance with the regulations. The ERP project in pharmaceutical industry requires due evaluation, implementation and maintenance.
Best Ways of ERP Implementation in Pharmaceutical SMB
1. Proper evaluation of the ERP product is a must which must be done not only by the top level managers, but also the suggestions and comments of the end users must be factored in, since they are aware of the daily activities and the probable complexities that may arise in near future. For this a core team must be framed with a project manager and members from each department.
2. A realistic time frame must be set for the implementation of the software and any lag in the work must be kept in check.
3. The cost of implementation and the efficiency of the ERP product must be judged carefully by the management experts. They should thoroughly go through the nitty gritty of all issues before the final choice of the vendor.
Vital Issues of ERP Implementation in Pharmaceutical SMB
The most crucial phase starts with the implementation that involves three steps of application - inclusion of the master data, daily financial transactions and the regular reports. The master data must be accurately fed and any sort of changes must be done before entering it. Sometimes due to restrictions offered by the software some data may require formatting and adjustments made suitable for the enterprise resource planning application. It is a time consuming process and if entered accurately will provide a solid foundation for the application aiding in faster implementation. After the entry, the master data should be checked by the end users.
Entering regular financial transactions including the entry of the back log data must be carried out through a careful study of the business cycle.
In ERP applications reports are generated in various layouts and content which must be thoroughly checked.
Ending ERP Implementation
After successful evaluation and implementation of the ERP, a daily backup of the data is required for an appropriate report. Documentation of important data and transactions is another major task. Regular up gradation of the users must be carried out along with the changes in ERP, with the change in the business environment.