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Pharma cos must change their business processes Sudheer Nair Wednesday, June 19, 2013, 08:00 Hrs [IST] Pharmaceutical - specific ERP (Enterprise Resource Planning) software system is the most effective way to identify and track every single raw material from receipt through processing, packaging and shipping, to the exact customer location. If that is the case then what prevents from many small and medium Indian enterprises keeping away from implementing this effective tool. What we ask our friends from the pharmaceutical industry is, are you continuously changing your business processes? We further emphasis here that, to survive in this highly competitive business environment, pharmaceutical organizations must change their business processes and it is no secret that to sustain in this competitive world an ERP system helps a lot. It is not a surprise that pharmaceutical industry require the right ERP system support to produce enhanced pharmaceutical products. The right ERP system streamlines procurement of raw materials, reduces procurement and delivery cycle times, tracks receivable and payments to suppliers for managing credit facilities. ERP helps a company to oversee every area of its business without the necessity for separate software packages or expensive customization. The prime benefits of ERP system is it reduces operational costs and saves time. Thus it is a decision support tool for management analysis and a collaborative portal for supply chain management. As the enterprise resource planning software became a key component for pharmaceutical companies to integrate their entire business processes , we have developed an affordable and effective system to suit the need of small and medium sized companies in the sector. In the pharmaceutical sector, the present regulatory requirements focus on better product and process understanding as well as