BRINGING YOU INFORMATION.  PROVIDING YOU A PLATFORM.

 

 
THE PHARMA REVIEW (SEPTEMBER OCTOBER 2012)

Power Shot of ERP Solution in Pharma Industries

Sudhir Singh

Introduction:
 
The Indian pharmaceutical sector is seeing tremendous growth and performing remarkably well since the past decade. The nation is in the third position by worldwide production in volume scale; which is indeed a proud achievement. Indian pharma industry has carved a nicheglobally for their generic formulations, progressive R&D, affordable pricing and extremely intelligent market penetration strategies. The constant effort, innovation-driven approach and infrastructural excellence have generated a huge demand of Indian pharmaceutical products both in domestic and international market. Interestingly, while other industries faced an impact due to recessions and other downhill, the pharmaceutical sector remained unchallenged.Now the Indian pharmaceutical industry has brains to innovate, infrastructure to sustain growth and huge demand influx to keep the growth meter running.
This very positive atmosphere is also building the ideal platform to streamline the IT involvement. The pharma sector today in India is highly regulated and the regulations are increasing to meet up the international standards. This led to an industry wide upgrade in every aspect of operations. Today compliances, batch processing, financial transactions, global accounting compliances, taxing systems, research methodologies, clinical trials have seen a sea change which gives us the glimpse of challenges associated with the unprecedented growth. To meet these new regulations documentation, processes, information security play a critical role. This challenge is answered with the advanced IT platform called Enterprise Resource Planning or ERP. While usage of ERP software is widely accepted in western subcontinent for some time now, but it has caught the attention of Indian pharmaceutical domain recently. Nevertheless, the introduction of this advance technology platform has accelerated a new wave of transformation in the pharmaceutical sector.

 

 

Go to Content Index Page

PHARMA REVIEW - ARTICLES ARCHIVE ( COMPLETE LIST)

 

The above content is an abstract only. For the full Article please contact:
KONGPOSH Publications Pvt. Ltd.
ICS House, C-19, Commercial Complex, SDA, Opp. IIT Gate, New Delhi, India -110016
Tel.: 26855839, 9811195411
Email: kongposhpub@gmail.com, Website: http://www.kppub.com

 
 
 
 

Copyright KONGPOSH PUBLICATIONS Pvt. Ltd.