Medical
facilities and hospitals around the world are facing the need of handling large
scale challenges both in terms of the number of cases they need to handle as
well as the extensive management of records and finances. In order to carry out
such tasks effectively, it is necessary to make use of healthcare ERP software
solution programs. These software systems serve as the perfect platforms for
identifying and tracking every single raw material used in the production, from
the receipts through processing, the packaging and shipping and then finally
delivering to exact customer location. These programs also help a medical
facility to serve the patients in a better manner.
While the
benefits of pharmaceuticals ERP solutions are known by medical facilities all
around the world, many hospitals and pharmaceutical companies are yet to make
use of these tools. The main reason behind that is the high cost factor of
these programs. Good ERP programs are always costly and many companies
operating within the medical industry are not clearly sure of how to make the
most of such programs even if they somehow manage the financial aspect of
implementing them. It is due to this reason that many providers of ERP programs
are now coming up with their own training solutions that can help their clients
to use and benefit from these programs.
When used
correctly, a Pharmaceuticals ERP Solution
can help manufacturers of pharmaceuticals to effortlessly track all of their properties
while at the same time optimize and improve other business processes such as
batch production, inventory control, quality assurance, sales functions,
purchasing, financials, accounting and regulatory reporting. Here are some of
the ways in which a Healthcare ERP Solution
can be used.
Batch Process Record
The Batch
Process Record is a process that involves keeping track of batch manufacturing
rights from raw materials requisition until a release order is issued by
Quality Assurance department. The ERP program can also handle In-progress
quality Check (IPQC) as well as the Quality Assurance records for the batches
after beginning and ending of each process.
Finance and Accounts Management
Since a
pharmaceutical industry needs to handle large number of client details all the
time, it is necessary to implement an ERP program for finance and accounts
management. These programs can gather essential financial data from the
different functional departments and come up with valuable financial reports like
trial balance, balance sheet, quarterly financial reports, general ledgers,
account statements, cost center wise analysis, gross profit analysis,
profitability report, branch wise profit analysis, tax management, asset and
depreciation management and ABC analysis.
Inventory and Materials Management
Implementing an ERP
program can help a healthcare and pharmaceuticals firm to make use of a range
of powerful and flexible features that can be used for managing and reporting
all inventory information. This can help to maintain the proper levels of stock
within a warehouse. Inventory control activities involve identifying the
inventory requirements, developing targets, providing the replenishment options
and techniques, monitoring the item usages, reconciling inventory balances as
well as reporting inventory status.
