1.25 trillion US dollars - The value of the pharmaceutical industry around the world in the year 2019. India is considered the largest generic medicine provider in the world. This gives rise to heated competition among the businesses operating in this industry, which later arises the need for enterprise software.
The increasing number of regulatory approvals (62 by the FDA in 2018 vs 55 in 2017) are supporting a 6.9% CAGR expected growth of the prescription drugs market in the period 2019-2024. A good way to survive in such a volatile market is being agile in manufacturing and delivery. This is where ERP for the pharmaceutical industry comes into the picture.
Running a multi-store retail business is not easy, but with the right tools, processes, and people, you'll discover that the tasks associated with managing multiple stores are actually quite manageable.
For an effective and successful order fulfillment operation, a clear understanding of your inventory is necessary. Like, what all products do you have (quantity by SKU)? Where does it fit into your supply chain? Is this information accurately reflected in your system?
The "First Expired, First Out" (FEFO) method is one of the most common ways used by pharma companies to address the issue of managing expiry dates. However, incorporating it into your processes and solutions is a challenge.
Knowing what's going on in your supply chain is referred to as supply chain visibility. However, it is not easy to achieve, despite its deceptively simple meaning. Several organizations have experienced unplanned supply chain disruptions in recent years.
Whether you are new to the pharmaceutical industry or an expert in the field transitioning into a new compliance or quality assurance role, understanding the fundamentals of regulatory compliance and quality assurance is critical.
The ability to trace a drug or medicine all the way from its point of origin to the location where it is purchased or administered to a customer or patient is the industry's biggest challenge.
Our primary goal is to develop long-term relationships with our clients and partners based on trust, professionalism, and enjoyment of what we do. One of Citta Solutions' core philosophies is to keep things simple. Our processes are designed to address your needs and satisfaction with your requirements. We know the value of human relationships.
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