Pharmaceutical
Pharmaceutical Companies always operate in the environments where it is very important to mandate regulatory standards by USFDA, EMA, etc. for drug manufacturers. Pharma Companies across the globe are altering their compliance and quality control norms because in manual way/on papers the compliance norms are challenging tasks.
Challenges
- Operation Visibility
- Supply chain disruption
- Clinical trials playing catch up
- Data breaches and cybersecurity threats
- Pharmaceutical fraud
- Financial losses due to accounting effect against asset depreciations, taxation etc. because of Poor visibility in asset inventory resulting into additional inventory cost.
Conclusion:
While most industries have returned to business-as-usual post-pandemic, the pharmaceutical industry will face significant risks through the end of the year. Fragile global supply chains, increased incidences of fraud, and the rising number of cyberattacks will all pose challenges for the Pharma industry going forward. The companies that address these issues proactively will be the ones to have the competitive edge.
Bizentia’s GXP Transformation Solutions for the Pharma Industry
Asset Life Cycle Management
ERP
Smart Computerized Maintenance Management Mobility Solution for smarter Maintenance
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