Pharmaceuticals Industry and the SAP Pharma Solution Map
The Pharmaceutical industry is being redefined by the innovative use of technology and big data. New entrants into the marketplace are changing the way they deliver products, forcing long-standing pharmaceutical companies to adopt new approaches or face stagnant or declining revenue growth and margins. Pharma companies are expected to do more for less based on technological advances that have emerged in recent years. Digitalization is forcing pharmaceutical companies to rethink their business models and restructure the value chain, with new value being realized from the ability to digitalize the model and accelerate innovation.
The Pharmaceuticals industry is being disrupted by the following technological advances:
- Artificial Intelligence, which is impacting the way pharmaceuticals and medical devices are discovered, manufactured, distributed, and consumed, enabling greater personalization across the industry
- Machine Learning for analysis of patient data for information that can make a difference on a patient-by-patient basis, leading to personalized medicine at an individual level
- Blockchain, which has applicability across all supply chain functions, with particular benefit to unique aspects of the Life Sciences supply chain such as provenance, serialization track and trace, and specialty logistics
- Digital Health with the convergence of digital technologies with health, healthcare, living, and society to enhance the efficiency of healthcare delivery and make medicines more personalized and precise. As a multi-disciplinary domain, it involves many stakeholders, including clinicians, researchers, and scientists with a wide range of expertise in healthcare, engineering, social sciences, and public health
- The need to comply with newer regulations such as serialization
SAP Pharma Solution Map
SAP solutions for the pharmaceuticals industry support global supply chains to achieve full, real-time visibility into demand. A scaled deployment of SAP’s personalized patient solutions helps create more flexible, agile, and transparent supply and logistic networks that can address challenging consumer demands across the global health network.
SAP Solutions for the Pharma industry include:
Research, Development, Engineering, and Compliance
- Global Regulatory Compliance
- Project and Portfolio Management
- Product Compliance
- Product Development and Engineering
- Product Formulation and Recipe Development
- Real-World Evidence
- Talent Management and Learning
Strategic Sourcing and Procurement
- External Workforce Management
- Invoice and Payables Management
- Operational Procurement
- Service Procurement
- Sourcing and Contract Management
- Supplier Collaboration
- Supplier Management
Demand-Driven Supply Networks
- Cold Chain and Transportation Management
- Demand Management and Insights
- Order Promising
- Response and Supply Planning
- Sales, Inventory, and Operations Planning
- Serialization and Logistics Networks
- Warehouse Management
Compliant Manufacturing
- Asset Operations and Maintenance
- Industrial Insights
- Intelligence Asset Management
- Manufacturing Execution
- Manufacturing Networks
- Manufacturing Operations
- Mobile Asset Management
Multichannel, Sales, Marketing, and Service
- Field Service Management
- Omnichannel Commerce Management
- Omnichannel Customer Service
- Optimized Marketing
- Patient Engagement
- Sales Performance Management
- Single Customer View
Upcoming innovations from SAP’s Pharma Solution Map include:
- Application of conversational voice interfaces and machine learning
- Auditing of procurement collaboration with blockchain
- Integration of extended warehouse management and global track-and-trace solutions from SAP
- Intelligent compliance management with machine-learning capabilities
Saberpoint Solutions for Pharma Customers
Saberpoint works with Pharmaceuticals to leverage our portfolio of technology solutions, including the SAP Pharma Solution Map, to support requirements ranging from FDA regulations to core business issues for compliance, performance, and growth with:
- Analytics, Reporting, and Data Warehousing – With disparate systems coupled various complex processes including chargebacks, high transaction volume, and difficult rebate and discount clauses, many life sciences organizations struggle to report and understand their business performance. Saberpoint’s Analytics solution stack provides the ideal platform for our customer to create a centralized information store to collect, cleanse, and co-relate information from their disparate sources. It also provides a way to perform consistency and accuracy checks across systems easily and automatically
- Industry-specific requirements including Contract Management, Content and Licensing for management of rights and royalties programs, Vendor Programs management and collaboration with built in tools for modeling, administering, and analyzing vendor programs, Pricing from agreement initiation to analytics, Trade Programs to manage inventory, claims and rebates etc
- Tracking, Tracing, and Serialization to ensure compliance with the FDA’s Drug Supply Chain Security Act (DSCSA) serialization requirements for pharmaceutical supply chain leveraging SAP Advanced Track and Trace for Pharmaceuticalsto comply with drug serialization and reporting requirements. This track and trace software integrates serialization with customer processes and provides country-ready reporting packages to minimize the cost of compliance, manage a secure pharma supply chain, and improve patient safety.
- Cloud migration for efficiency, cost effectiveness, and competitive advantages within the security and compliance requirements
Contact us to see how Saberpoint’s technology portfolio leveraging the SAP Pharma Solution map can help you optimize your business.
