THE SEVEN MUST HAVES FOR CONTRACT MANUFACTURERS

THE ‘BAD ACTORS’ IN CONTRACT MANUFACTURING

The Indian contract manufacturing industry is tapping the global market in a big way. However, certain barriers are

restricting this industry to utilize its full potential and reap benefits.

•Adherence to dynamic quality, regulatory & cGMP compliance

•The mercurial nature of the market creates obstacle in procurement

•Hectic and tedious recalls & audits

•Meet constantly changing demand

•Intensive visibility

•Dealing with supply chain hassles

NEED OF THE HOUR

Is not to have just any ERP, but

• A flexible software solution, which caters to varied & peculiar needs• A solution that approaches towards automated systems from

manual paper work

• A master piece, which eliminates wastage & reduces errors

Seize the opportunity of excellence, despite shifting regulatory and market hurdles with Enterprise Resource Planning (ERP) that simplifies the working of Contract Manufacturing in several ways. Top seven are discussed further.

1. EFFICIENT PLANNING

• Planning brings synchronization among the elements of production & resources

• Efficient planning module eliminates chances of over/under stock

• Ensures procurement at the right time and in appropriate quantity

• Schedules batches based on onhand, ATP, PAB, demand & supply

• Perfect planning strikes balance between demand and supply

2. CONSIGNED INVENTORY VISIBILITY

• Complete visibility of consigned inventory, without balance sheet discrepancies

• Separate reflection of own inventory items

• Helps to maintain optimum inventory levels at contractor’s end

• Get real time visibility into stocks and transactions

3. BI-DIRECTIONAL LOT TRACEABILITY

• Speeds up lot recall compliance

• Simplifies and aids audit process

• Plays imperative role in identifying the root cause and defective lots

• Bi-directional traceability prevents damage

• Helps establishing that finished good for a specific OEM is made out

of the raw material lot provided by that customer only

4. AUTOMATED QUOTING

• Provision of flexible quotations for varied customers and their

different requirements

• Automates fetching of pricing and discounts based on OEM

• Takes care of quotations to order entry, picking, packing &

dispatching

5. Respond to OEM Queries & Change

• Enables incorporating last minute changes

• Single point of truth dictating what is being built-up

• Saves time and labor simply by duplicating the Bills of Material and

making necessary modifications

• Strong foundation for managing change- creates versions for each

change for future use & reference

• In-depth and real-time visibility to respond quickly to OEM/customer

6. COST CONTROL

• Accurate calculation of costs like- service charges, product

costs, etc.

• Cost calculations includes labor, material, packaging,

losses, utilities and all other costs

• Calculates and tracks cost of samples provided to

OEM/customer too

• Calculates by-product costs

• Tracks wastage and losses

7. COMPLIANCE WITH cGMP

• Strictly follows cGMP norms

• Tracks non conformance & performs CAPA for rejected materials

• Assures delivery of high quality, FDA, ICH and WHO-compliant products

• Provides instant bi-directional traceability

• Avoids regulatory issues by keeping recalls at bay

TO CUT A LONG STORY SHORT

Just any ERP isn't enough to handle business complexities of a Contract Manufacturer. The one built specifically for them, understanding their peculiar needs and way of doing business is the need of the hour!

• Enables to work on razor thin margins

• Eliminates cost and wastage invisibility

• Overcomes performance bottlenecks

• Improves productivity & avoids risk of errors

• Finally, makes you stand ahead of competitors

THANK YOU

For more details, visit www.batchmaster.co.in