Pharmaceuticals Industry
Pharmaceutical or Pharma industry is vast and ever-evolving, with constant developments in research, regulations, technology, and market trends. In order to run the Pharmaceutical business following key points need to be considered:
1. Drug Discovery and Development: Discuss recent advancements in drug discovery techniques, such as artificial intelligence and machine learning, as well as innovative approaches to drug development like gene therapy and personalized medicine.
2. Regulatory Updates: Keep your readers informed about changes in regulatory policies and guidelines from organizations like the FDA (Food and Drug Administration), EMA (European Medicines Agency), and other regulatory bodies worldwide.
3. Clinical Trials: Explore the latest trends and challenges in clinical trial design, recruitment, and management, including the impact of virtual trials and decentralized clinical trials.
4. Drug Pricing and Access: Analyze the complex issues surrounding drug pricing, access to medications, and healthcare affordability, including discussions on pharmaceutical pricing models and access programs.
5. Emerging Technologies: Cover emerging technologies shaping the pharmaceutical industry, such as blockchain for supply chain management, 3D printing for drug manufacturing, and CRISPR/Cas9 for gene editing.
6. Healthcare Policy and Legislation: Examine how healthcare policy and legislation, such as healthcare reform initiatives or intellectual property laws, impact the pharmaceutical industry.
7. Global Health Challenges: Address global health challenges such as infectious diseases, antimicrobial resistance, and non-communicable diseases, and discuss how the pharmaceutical industry is responding to these challenges.
8. Biotech Startups and Innovation: Spotlight biotech startups and innovative companies that are disrupting the pharmaceutical industry with breakthrough therapies, technologies, or business models.
9. Pharmacovigilance and Drug Safety: Discuss the importance of pharmacovigilance in monitoring the safety of medications post-marketing, including adverse event reporting and risk management strategies.
10. Industry Trends and Market Analysis: Provide insights into current trends shaping the pharmaceutical market, including mergers and acquisitions, partnerships, and emerging markets.
Role of ERP in Australia’s Pharmaceutical Industry
ERP (Enterprise Resource Planning) is an essential part of pharmaceutical industry in Australia. Regulatory and compliance requirements can be easily met by using ERP application. Financial management across the organization can be easily managed. Advance functions like cash forecasting, bank account reconciliation, Electronic Fund transfer, hedge funds, Withholding Tax and many more can be easily managed using Microsoft Dynamics Business Central.
Capabilities of Microsoft Dynamics Business Central can be utilized to integrate pharmaceutical functions with 3rd party logistics applications such as Warehouse management, HRMS etc. By using web services, data outflow and inflow can be maintained to and from Business Central. By using analytical tools such as Power BI, dashboards and interactive reports one can easily obtain the financial reports using which major decisions regarding material, sales, purchases and finances can be made.
Microsoft Dynamics Business Central is one of the most successful ERP’s as per the Forbes list published recently. SAN Dynamics Technova P L has implemented Microsoft Dynamics at one of the Australia’s largest pharmaceutical manufacturers. Quality management and Quality check are the custom functionalities implemented across different clients in Australia belonging to different cities like Sydney, Melbourne, Perth etc.
QUALITY check is of utmost importance when it comes to pharma industry. We have developed a module for Quality check for one of the Australian clients based out of Sydney, NSW which enabled them to monitor the parameters and based on a certain logic the medicine was passed or rejected from the Quality check.
Another aspect for a pharma industry is the export of medicine. This is well handled in Microsoft Dynamics Business Central. MSD Business Central can be tweaked as per the needs and local laws to meet the compliance during the export of goods.