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The more regulated a business, the harder the requirements for regulatory compliance. Pharma distribution might feel like a straightforward business, but it has several requirements related to lot and serial number tracking that only exist in this industry. They also have unique channels and how their sales and purchase orders need to be processed in order to be compliant with the regulatory bodies. Utilizing a vanilla ERP for a pharma business may be a harder lift due to the unique process development requirements on top of a vanilla ERP, which might be more expensive than buying an ERP designed for the pharma distribution industry.
In today's episode, our guest, Darren Myher, shares his insights on the unique nuances of the pharma distribution business. He also discusses why vanilla ERP would fall short when it comes to the needs of pharma distributors as they have specific tracking requirements such as having a lot and serial numbers both on the product packaging. Finally, he discusses the data elements and information that need to be exchanged across the Supply Chain to comply with regulatory bodies.
For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.
WBSRocks: Business Growth with Enterprise Software and Digital Transformation