Life Sciences Businesses Need More Than Simple ERP Systems

Life sciences companies are facing increased competition and experience periods of fast growth, especially after receiving FDA approval for a new product. As if that’s not challenging enough, there is increasing regulatory oversight which can be a distraction from core business processes. Early-stage and in-market life sciences organizations need more than entry-level software, but don’t need to invest heavily in costly ERP systems. Deploy a management solution that is flexible, agile and can support unique business operations today and well into the future.

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Quality and Traceability Matters in Life Sciences Industry

Pharmaceutical, biotech, medical device manufacturers and other organizations in the life sciences industry provide life-changing products and value to customers. High quality products are expected and there is little room for mistakes, especially when a mistake can impact patient safety or health. Traceability requires close attention to detail and speed when a recall must be initiated. A digital business management solution will strengthen inventory management and the supply chain, as well as expedite the identification of each component with a quality issue.

As indicated in “Life Sciences: 6 Ways to Thrive in a Digital Future,” an eBook, minutes matter when it comes to saving lives. For life sciences organizations, managing quality issues for every component and every device is crucial, no matter whether they are located in house or at a customer site. Strong traceability requires close collaboration with supply chain partners and the ability to capture detailed product history documentation for each product. This level of data management simply can’t be trusted to spreadsheets or specialty software. Life sciences organizations need a unified, digital management platform, like MAXLife.

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Don’t Let Fast Growth Impact Profits or Productivity

After years of securing investors, performing product design and testing, and submitting documents to the FDA, many life sciences organizations suddenly find themselves in a period of fast growth after receiving FDA approval. Product approvals force pharmaceutical, biotech and medical device manufacturers into the next phase, which is manufacturing high quality products quickly, efficiently and profitably. Life sciences organizations can manage the entire process, from start to finish, by replacing inefficient business systems with a more modern management solution.

Change can happen, literally overnight, at many life sciences organizations. After receiving FDA approval, you need to jump into action setting up manufacturing operations to get your innovative new product into the marketplace as soon as possible. As discussed in “Life Sciences: 6 Ways to Thrive in a Digital Future,” an eBook, being prepared for strong, fast growth after approval is no small task. Replace entry-level or niche systems with a business management solution that can streamline the transition from the research and development phase to production and sales.

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Timing Is Everything for Life Sciences Organizations

Many life sciences businesses spend years in the up-front investment phase, followed by strong growth when products receive FDA clearance for manufacture and sale. Throughout the entire process, from securing investors, to product design and testing, and through manufacturing operations, reliable data and timing couldn’t be more important. A digital transformation offers time-saving automation and access to data which will expedite product-to-market.

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Microsoft Dynamics AX Mobile

Whether you are ready to embrace it or not – we live in a mobile society. But are you ready to take Microsoft Dynamics AX Mobile?

It is important that executives today do not underestimate the value of giving all employees, partners, and customers anytime-anywhere connectivity to your business.

According to an Aberdeen Group report, Mobility and BPM Responsiveness, the top drivers for mobility initiatives include:

  1. Operational efficiency needs to improve.
  2. Employee-facing mobile apps provide competitive differentiation.
  3. Want to accelerate time-to-decision making.
  4. Workforce productivity needs to increase.
  5. Increasingly mobile workforce.

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Merit Solutions named a Best Place to Work in Illinois

Merit Solutions, a business process optimization and IT services company based in Wheaton, IL, was recently named as one of the 2014 Best Places to Work in Illinois. The awards program began in 2006 and is promoted by The Daily Herald Business Ledger in partnership with the Human Resources Management Association of Chicago (HRMAC), the Illinois State Chamber of Commerce, and the Workforce Boards of Metropolitan Chicago and managed by Best Companies Group. (more…)

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