The Achilles heel in the global pharmaceutical landscape is the industry’s current situation, which is compounded by several issues during the R&D and clinical trials phases. This situation is also worsened by the increased need for businesses to incorporate sustainable practices. SAP, one of the companies that specializes in enterprise software, has also been focusing on these problems and has come up with solutions that are operational and convenient in terms of sustainability.
This article focuses on addressing the research and trial issues using SAP’s products such as SAP Data Warehouse Cloud, Intelligent Clinical Supply Management, and other modules enhancing the export-import activity in the context of challenges faced by the pharmaceutical industry and how they impact corporate social responsibility.
SAP’s Step Towards Creating Optimal Balance Between Human and Ecology – Towards a New Valuation Paradigm
The ongoing requirements imposed on the pharmaceutical industry’s tenacity to transform their products is commendable; as it is a constant encouragement in enhancing product development, reducing costs and timelines, and maintaining quality under tighter regulations. The analysis and review of clinical studies which forms an integral part of clinical trials is the largest hurdle, often plagued by delays and excessive costs and the need for analysis of data trends and progression of time. Adding to the fact, there is increasing pressure on the firms to be ecological recognizing the environmental issues even while trying to satisfy the patients.
#1 Challenge in the Pharmaceutical Industry – Meeting Sustainability Goals – What is SAP’s approach to meeting sustainability goals and green initiatives in the Pharma Industry
SAP pursues a wide array of sustainability initiatives to address the challenges faced by the pharmaceutical industry. In this regard, SAP improves productivity while using various tools and modules integrated with the relevant standards.
- SAP S/4HANA Sustainability
SAP S/4HANA Sustainability aids in the adoption of contingency measures, especially for pharmaceutical companies. This module supports organizations in tracking their usage of resources, controlling transformation costs, and managing the company with regard to waste management policies. Integrated Data analytics have also been effectively creating value for the pharma companies and society at large, in order to deal with the challenges in the pharmaceutical industry.
- SAP EHS (Environment, Health, and Safety)
The missing link within the pharmaceutical industry without conducting the SAP EHS module cannot be overemphasized. For instance, it assists in the management of regulatory compliance, as well as the environment very well. Most importantly, with the health and safety perspective in consideration, the companies are able to execute the clinical trials and research & development processes, and hence being more responsible and a sustainable organization.
SAP’s latest commitment towards sustainability is not just about how to be compliant and cost-effective. The firm is engaged in the reduction of the negative effects posed by the pharmaceutical business on the environment using the following green initiatives:
- Carbon Footprint Management
SAP can help the pharma industry’s companies assess and control their carbon footprints to reach net zero carbon emissions.
- Resource Optimization
Companies must try to apply some form of advanced analytics to determine areas of resource consumption that can be spared, thereby improving overall efficiency and not harming the earth so much.
- Sustainable Supply Chains
Solutions by SAP enhance eco-friendliness in the flow of supplies such that even vendors of the client’s organization are eco-friendly.
#2 Challenge in Pharmaceutical Industry – Research and Development – How SAP is enhancing R&D efficiency through data analytics
In the areas of reporting and data analytics, SAP has provided various tools that facilitate processes that are vital in decision-making.
- SAP BW (Business Warehouse) and SAP HANA
The analytical capabilities of SAP BW and SAP HANA are leveraged by the pharmaceutical industry to assimilate all data. Real-time analysis is a great improvement in the challenges in business warehouse management, as it assists organizations in monitoring the progress of their R&D projects or experiments and clinical trials. Therefore, this will help companies cut unnecessary costs and target a lot of resources towards productive research.
- SAP Analytics Cloud
Pharmaceutical companies have taken up SAP Analytics Cloud which has as one of its major operational tools, leveraging the creation of data dashboards that inform the authority current status of particular projects. There is also a better response to any changes owing to the added degree of freedom in the measures that can be maintained and costs that enhance the R&D activities.
#3 Challenge in the Pharmaceutical Industry – Clinical Trials Management – How SAP helps in optimizing the clinical trials process
SAP’s offerings also include the tackling of some issues within the clinical trials management and challenges in product lifecycle management, which is part of the complex process that is the pharmaceutical development lifecycle.
- Intelligent Clinical Supply Management
Intelligent Clinical Supply Management assists the pharmaceutical industries efficiently in the management of clinical studies. This further module allows the costs associated with the supply chain management principles to be reduced and also improves the timelines for the clinical trials. This optimization of the supply chain structures helps the organization to effectively deal with the challenges in the supply chain in the pharmaceutical industry and avoid risks that may arise from inadequate stocks, thereby speeding the clinical trials.
- SAP PPM (Project and Portfolio Management)
SAP PPM is extremely beneficial in conducting clinical trials and R&D projects using the available tools of planning, executing, and tracking. This module helps organizations tackle challenges in project and portfolio management by ranking the projects within the organization in line with the strategic objectives, managing the available resources optimally, and monitoring the development of goals in a continuous mode. Improved project management capabilities allow pharma companies to increase the productivity of R&D function and decrease time injection to return new medicinal products.
- SAP S/4HANA for R&D
SAP S/4HANA for R&D combines numerous processes into a single software management system that promotes teamwork. Such integration makes it easier to exchange and communicate data and information, thus helping people who conduct research to be up to date. This culture of connectedness promotes creativity, and at the same time, helps in achieving the targets of resource conservation by reducing wastage.
SAP offers a variety of solutions that help in solving R&D and clinical trials challenges faced by the pharmaceutical industry and help them to be green at the same time. Growing together with their customer’s needs and by using SAP S/4HANA, SAP EHS, and analytics, pharma companies can increase the ease of doing business, meet compliances, and more specifically improve the performance of their processes.
As changes take place in the industry, SAP will continue providing the tools that ensure that the organization’s innovations are able to reach the market while supporting the sustainability agenda. Facing both directions, SAP is changing the way in which pharmaceutical companies operate, while also changing the future for the better.
Accelerate time to market and provide better patient experiences with Uneecops
Uneecops offers a full range of implementation and consulting services for Pharma IT enterprises that help deliver an improved speed of decision-making, high quality of care, and reduced operational costs with industry-proven SAP offerings for future-ready Pharma Enterprise IT.
Our SAP experts understand the gaps and challenges specifically that your organization faces and help design the ERP framework to increase your company’s productivity and overall performance. These solutions assist in business reconstruction, reasonable demand assessment, and sound financial management. The SAP ecosystem we design for our client helps manage formulation, ensures adherence to regulatory compliance, raises the quality of offer traceability, helps with inventory and support management, provides support to sample management, clinical trial, and commercialization, and allows production as per GMCB guidelines.
Have questions about SAP’s role in pharma innovation and sustainability? Schedule a consultation with Uneecops industry experts today.
