Tayana Solutions

ERP Implementation Risks for pharmaceutical manufacturing business

Top ERP Implementation Risks for pharmaceutical manufacturing business

Businesses that want to survive and thrive in global economic disruption and uncertainty seek quick recovery opportunities while being agile to adapt to changes. As companies grow, the need for scalability, automation, collaboration, and control grows. 

The top cloud ERP implementation risk you should keep in mind 
Not having experience in an area. 

Most companies use spreadsheets or point systems to manage their processes in the pharmaceutical business. They also have a limited understanding of what an enterprise resource planning (ERP) system can do. It is a common misconception that ERP systems are only suitable for large companies because they are too expensive, complex to set up and require a lot of resources. 

Finding the right resources is essential to practical research. 

A significant challenge in ERP implementation is the availability of skilled resources, which can be difficult to find and even more expensive to retain. Larger pharmaceutical companies have an advantage over small and medium businesses in finding and keeping IT personnel who can drive ERP implementations successfully due to their size, budget, and several employees. Nevertheless, small and medium companies can overcome this obstacle by working with a well-trained workforce. 

Many small and medium-sized businesses face the challenge of finding skilled workers to implement an ERP system. The key is to find and retain the right resources, but this can be difficult for smaller companies with limited budgets. 

Pharmaceutical companies face budget constraints when manufacturing drugs. 

When we first started considering starting a pharmaceutical manufacturing business, we knew it would be expensive. We had to buy land and build a factory, and we knew there would be plenty of other expenses. 

But we didn’t realize just how many expenses there would be—and how much they would add up. By the time we were done with our first year in business, it was clear that it was required to make some alternatives to our budget if we wanted to keep going. 

We’ve made some changes, but now that the industry is so competitive and margins so thin, it’s hard to know how long we’ll be able to keep up with our current strategy. 

Pharmaceutical manufacturing is a process that has several steps and many different roles. This complexity can be challenging to manage, but there are ways to keep your business running smoothly. 

Capabilities to understand pharmaceutical manufacturing operations 

One way to reduce the complexity of pharmaceutical manufacturing is to break it down into smaller pieces. For example, you can separate the different types of equipment and processes into other departments or teams. This allows you to delegate responsibilities so everyone has clear goals and responsibilities. 

Another way to reduce complexity in pharmaceutical manufacturing is through standardization. Standardization reduces waste by ensuring that each step in the process is done correctly every time. It also makes it easier for employees who don’t know how to do something because they can follow the standardized procedure instead of trying something new. If there are any problems with your process or product, you should try fixing them before they become more severe issues that require more time and money than necessary; this will save you money in the long run! 

Managing Complexity in Systems 

A cloud ERP implementation can be complicated, depending on your existing IT infrastructure and business processes. You might not have the resources necessary for the project, or you might not have an internal IT department. Therefore, hiring an implementation partner who can offer guidance from project planning to change management and training could be helpful. 

About our Acu Process Manufacturing  

The Acumatica xRP platform is multilevel and uses the world’s best cloud and mobile technology. Tayana is an ISV partner of Acumatica. We offer Acu Process Manufacturing, which works as an extension of Acumatica. This process manufacturing software extension has complex and comprehensive features specific to Process Manufacturing. 

Tayana has extended the Inventory Module of Acumatica to suit the process manufacturing while leveraging the robust Accounting, Sales & Purchase capabilities of Acumatica. 

This product has been developed after extensive research into the industry’s requirements and extensive testing with users from various industries. Any industry can use this product with process manufacturing activities like Food Processing, Pharmaceuticals, Chemical & Petrochemicals etc.