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APPLICATIONS OF SAP S/4HANA IN LIFE SCIENCE AND PHARMA INDUSTRY

January 6, 2022

SAP S/4HANA for life science & pharma

When you think of an Enterprise Resource Planning or ERP, you are looking for a platform that offers you complete control over your company’s resources, the daily operations, and an insight into all the business functionalities. The SAP S/4HANA is the hybrid platform that you can deploy on-premise or opt for a cloud-based ERP solution that will give you complete control over your business operations. ERP and analytics are essential for pharmacy and life science companies where research and development or R&D play a crucial role. In addition, you need the data to be accessible, the clinical reports evaluated by multiple teams, and complete project resource management. Thus, SAP S/4HANA plays a crucial role in the growth and development of the life science and pharma industry companies. Some of the benefits of SAP S/4HANA in these industries are as follows:

1. Project management
The first requirement for life science and the pharma industry is adequate project management. Project management is essential to ensure that you can align your business operations with your ongoing projects. For pharma companies, there will be several projects that will be in the pipeline. Therefore it is necessary to allocate resources to ongoing projects and ones in the pipeline. In the life sciences sector, you will require project management to plan and execute the projects with minimum deviations. You will be able to manage the deviations as per your company requirements. For most pharma and life science companies, an integrated ERP platform is necessary to minimize deviations. In addition, you will need to align the project so that proper analytics need to be carried out to evaluate the performance. With an ERP platform like SAP S/4HANA, you can be assured of complete control of all the ongoing projects in your company.

2. Resource management and procuring
When it comes to R&D, you will need to evaluate the best procurement and evaluation. You can do this only with proper resource management. With the help of proper analytics, reporting, and invoicing, you can better understand your resources. Resource management is an essential factor offered by the SAP S/4HANA platform. For companies involved in Pharma and life science, it is essential to identify insights that will drive the workforce to new projects. For companies involved in Life Sciences, analytics is necessary to identify and evaluate the capabilities of your external workforce. With the help of analytics you can also identify the best way for resource management to maximize productivity. All of these can be done with the help of a single platform. You can also understand the best way to evaluate your employees’ performance and the best way to select your employees.

3.Demand-driven management
The SAP S/4HANA can help you create a more streamlined business view and help you create more demand-driven management. You can create an utterly collaborative network with a complete purview over the products developed and delivered. This is especially important for Pharma companies. For example, suppose you have developed products, and you need these to be delivered from the laboratory to the warehouse. In that case, you can keep track of the deliveries from the same platform. The primary objective of these management systems is to give you complete purview over the movement of your products. You can get better inventory management and keep track of the movement of the products. For life science companies, streamlining of business can be done as you will better understand your daily business operations. You can identify the best way to evaluate transportation, management, and resource planning.
When it comes to a single integrated platform, you can evaluate the best way to take the SAP S/4HANA and establish it as an integrated platform. For example, the platform can help you create vaccine hubs and collaborative platforms for companies involved in life science platforms. With the help of Silver Touch, you can evaluate several SAP implementation platforms. You can be assured that Silver Touch will provide you with complete support regarding customer support. If you are looking for customized solutions, we can provide you with complete solutions and assure you that we will meet all your requirements, both for pharma and life science companies.  

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