In recent years the pharmaceutical industry has witnessed a huge growth in India and the demand for the export market also increased. Frequent changes in market conditions and legal environmental like cost decrease in the health care sector force the pharmaceutical industry to react quickly and flexibly to change in order to stay in the competition. The unsaid rule for any industry is the faster the demand of the market, the more flexible the business process should be.
The demand for enhanced and new pharmaceutical products has become a high competition in the market. Putting pressure on the pharmaceutical industry owners in the small or medium business have kept themselves with increasing the production of drugs in more quantities.
It is been proved that the implementation of ERP Software solutions not only gives you more transparency The business processes also allow the business to operate efficiently and more profitably. ERP gives real-time access to the data and easy to use interface form an integral part of the business strategy by giving a collaborative environment. Information will be available to all stakeholders and from employees to customers. The customer and the suppliers will be having smoother transactions. Inspire is one of the ERP development companies in Chennai.
Benefits of ERP Pharmaceutical Industry
It helps to achieve higher production by streamlining all the processes
Simple to handle accounting for all type of sales and purchases
It saves operational cost and helps in time management
Takes care of manufactured goods distributions.
Build better customer support.
Huge reporting- You can have more reports in ERP which show you all your business transactions.
You can also take your business decisions with ERP from any device and from any place, at any time.
Tracking the stock inventory is the most important factor and maintaining the all-stock report of every raw material. The manufacturing sector has several departments like productions, quality check, sales, etc. You can track the current status of all finished goods easily with Odoo ERP software.
You can have clear visibility on cost management of all sectors.
Handling the accounting will be easier for all types of customers and vendor businesses.
The financial module in Odoo ERP will gather all the data from various departments and generates a perfect financial report such as a balance sheet, account sheet, general ledgers, trial balance, quarterly financial report, gross profit analysis.