Enterprise Resource Planning (ERP) Solutions for Life Sciences

See how Phoenix Business Consulting plans to help the world run better and improve people’s lives with a digital life sciences network that simplifies collaboration across the value chain. Understand our perspective on where the industry will go and how we think SAP can enable the evolution of the digital health sciences network.

I. Innovation

As a significant component in major economies across the globe, every life sciences company must deploy systems and software that both empower and enable them to meet the many challenges facing this important industry including the following:

  • Extensive healthcare cost containment
  • Complex regulatory requirements
  • Managing global reach while maintaining local presence
  • Managing a complex supply chain that has recently become more volatile

Overcoming these and other industry challenges in the quest for success is a meaningful objective for every life sciences company supporting pharmaceuticals, biotechnology, medical devices and healthcare.

Lifelong Health

Lifelong health is the most precious possession we as humans have. Access to healthcare, the cost of healthcare, and the aging population are impelling life sciences companies to respond with agile supply chains and value-based outcome models, as well as to directly connect with patients to drive down costs and provide real-time insights.

Trusted Products

The need for trusted products requires life sciences companies to serialize more of their drugs and medical devices, assigning a unique identification to tailor their supply chains to prevent falsification or counterfeit products.

Global Supply Chains

Global supply chains require life sciences companies to have full, real-time demand visibility across complex supply networks spanning the globe.

Circular Economy

The move from a linear to a circular economy
is causing the impacts on life sciences companies:
1) Increasing respect for the planet and the complete patient lifecycle by providing recyclable packaging and products, as well as transitioning to more service-based models that reduce waste throughout the value chain.
2) Improving collaboration across research institutes, healthcare, and other service providers to achieve better insights into root causes for diseases and improve consumption of healthcare services and provide seamless information sharing for better delivery of care.
3) Rising patient and provider expectations requiring companies to develop new digital skills and processes, address competition from unexpected information technology challengers in healthcare, and increase flexibility to shift global resources.

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II. Potential

Life sciences companies must invest in systems and software that ensure they not only meet today’s challenging business climate, but also be well-positioned to take advantage of tomorrow’s growth opportunities.

Choosing the right Enterprise Resource Planning (ERP) solution accelerates your ability to grow, drive revenue, launch new products, keep employees productive, and maintain regulatory compliance and adherence to internal policies and procedures.

The SAP ERP solutions offered by Phoenix Business Consulting are the right choice for life sciences companies looking to grow in all areas of their respective enterprises.

Current highlights

  • Secure data-sharing platform controlled and owned by patients
  • Identification of medicinal products using a data model based on ISO standards
  • Automated device onboarding and machine learning with SAP Predictive Maintenance and Service
  • Adoption of SAP Extended Warehouse Management and Global Batch Traceability solutions

Upcoming

  • Application of conversational voice interfaces and machine learning
  • Auditing of procurement collaboration with blockchain
  • Integration of SAP Extended Warehouse Management and Global Track-and-Trace solutions
  • Intelligent compliance management with machine learning capabilities

Future Plans

  • Automate invoice processing with exception management driven by artificial intelligence
  • Benefit from country versions of SAP Advanced Track and Trace for Pharmaceuticals
  • Utilize machine learning to support simulation-based digital twins
  • Offer intelligent services with bots enabled by artificial intelligence and machine learning

Proven SAP Solutions for Life Sciences From Phoenix Business Consulting – SAP Business ByDesign for Life Sciences

III. Embracing the Intelligent Enterprise

Even the most casual observer recognizes the rapid adoption of digitalization across every industry and Life Sciences is no different. However, digitalization for its own sake is an expensive and complex undertaking. Approaching digitalization from the stance of selecting advanced ERP solutions that integrate innovative, modern ERP technologies with Artificial Intelligence, Machine Learning, Internet of Things, Blockchain, Advanced Analytics and Big Data is a safer approach that enables your life sciences company to remain future-focused. SAP considers companies that embrace these advanced technologies to be Intelligent Enterprises that are enabled to run their businesses more effectively.

Optimize

Companies will become Intelligent Enterprises as they evolve their strategic priorities to align their company’s vision with operations by implementing a stable and scalable digital core to make processes more transparent and integrated.

Extend

Companies will become Intelligent Enterprises as they evolve their strategic priorities to align their company’s vision with existing processes by connecting them to the physical world using IoT technologies.

Transform

Companies will become Intelligent Enterprises as they evolve their strategic priorities to align their company’s vision to their business using a constant stream of data that will enable new service-driven business models.
ERP Solutions for the Intelligent Enterprise

SAP ERP solutions provide comprehensive support for your enterprise allowing strategic business decisions to work in unison with operational and administrative processes to help you achieve your business objectives and revenue targets. The SAP Business ByDesign ERP solution delivers integrated business processes based on industry Best Practices that will help you quickly grow your Intelligent Enterprise. ByDesign provides you with optimal value, assisting you with achieving your business objectives while yielding a significant return on investment.

Current highlights

  • Simplify and accelerate your digital transformation
  • Transform your business with unparalleled service support

Key Technologies

  • Artificial Intelligence & Machine Learning
  • Advanced Analytics
  • Blockchain
  • Virtual and Augmented Reality
  • Conversational AI
  • Robotic Processes Automation
  • Data Platform to Manage Experiences
  • The Internet of Things

Reporting & Analytics 

Improve your core business processes even as you connect with real-time analytics to inform and expedite decisions. Utilize ByDesign’s revolutionary analytics platform to immediately access reporting and analytics. Users can modify reports on the fly without having to wait for others to provide mission-critical information. Customize each manager’s screen to give them a dashboard that is unique for their job.

Sourcing & Procurement

Develop and maintain a portfolio of supplier and product information and use it as a central base for all supplier-related information. Collaborate with contract organizations and suppliers and use demand planning to optimize critical resources and inventory levels. Automatically route sourcing requests for electronic approvals by appropriate managers. Sound simple? It is with Business ByDesign.

Compliant Manufacturing 

Remain compliant with changing government regulations while staying on-time and on-budget with a single, up-to-date view of your financials in ByDesign. Integrate key business processes with financial reporting systems. Advanced reports and analytics will help you manage compliance and statutory reporting while enabling you to make better-informed financial decisions

Sales & Marketing 

Take advantage of client interaction history and minimize duplication of customer contacts. Facilitate demand generation, opportunity management and revenue targets. ByDesign enables you to manage prospect, client and competitor information and run integrated marketing campaigns, improving lead qualification and sales and marketing activities.

IV. Research & Development

Business ByDesign provides comprehensive project management functionality that drives efficiency and profitability. Improve internal collaboration and business insight across the enterprise by managing multiple development projects of any size and complexity. Gain clear visibility of project performance, associated costs, compliance requirements, and the resource handling required to complete projects on time and on budget. Collaborate with experts and suppliers to introduce your products to the market more efficiently.

 

Supply Chain Execution

  • Order Promising
  • Track & Trace and Logistics Networks
  • Transportation Management
  • Warehouse Management
  • Yard Logistics

Procurement

  • Cost Recovery and Rebates
  • External Workforce Management
  • Invoice and Payables Management
  • Operational Procurement
  • Procurement Analytics
  • Services Procurement
  • Sourcing and Contract Management
  • Supplier Collaboration
  • Supplier Management

Supply Chain Planning

  • Demand Management and Insights
  • Response and Supply Planning
  • Inventory and Operations Planning

Marketing and Sales

  • Commerce Personalization
  • Customer Rebates and Incentive Programs
  • Omnichannel Commerce Management
  • Optimized Marketing
  • Quote-to-Cash
  • Sales Force Automation
  • Sales Performance Management
  • Single Customer View

Service

  • External Workforce Management
  • Field Service Management
  • Omnichannel Customer Service
  • Subscription Management
  • Value-Added Product Services
SAP Integrated Business Planning

Meet future demand profitably by combining capabilities for sales and operations, demand, response and supply planning, and inventory optimization.

Current Highlights

  • Use of secure data-sharing platform controlled and owned by patients
  • Identification of medicinal products through data models based on ISO standards
  • Automated device onboarding and machine learning with SAP Predictive Maintenance and Service
  • Adoption of SAP Extended Warehouse Management and Global Batch Traceability solutions

Upcoming Innovations

  • Application of conversational voice interfaces and machine learning
  • Auditing of procurement collaboration with blockchain
  • Integration of SAP Extended Warehouse Management and Global Track-and-Trace solutions from SAP
  • Intelligent compliance management with machine learning capabilities

Future plans

  • Automate invoice processing with exception management driven by artificial intelligence
  • Benefit from country versions of SAP Advanced Track-and-Trace for Pharmaceuticals
  • Utilize machine learning to support simulation-based digital twins
  • Offer intelligent services with bots enabled by artificial intelligence and machine learning