Industry Overview
IMPROVING INFORMATION MANAGEMENT FOR EFFICIENCY AND GROWTH IN LIFE SCIENCES
Whether you manufacture generic drugs or biopharmaceuticals, medical devices or scientific instrumentation, sustaining growth in an uncertain economy is probably top of mind. To manage your company's growth, you need to ship differentiated products and services cost-effectively, focusing on innovation and economies of scale.
By integrating and streamlining business processes with SAP solutions, midsize life sciences companies can achieve the operational efficiencies they need to sustain growth in a volatile market. In fact, our software is based on 35 years of experience with more than 3,000 installations in the life sciences industry. And did you know that 65% of SAP customers are small and midsize companies?
Learn about our industry focus:
| Pharmaceuticals & Biotechnology |
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The old adage, "Time is money," was never more true than in pharmaceuticals and biotechnology. That's why effective research and development (R&D) administration and clinical trial supply management are so important. And, while you must push the envelope to find the right new product, you must also push quite a bit of paper to keep viable as a company.
To compete, you require a mastery of detail and process complexity that business software from SAP can help your company achieve. By integrating your strategies with your information management processes using SAP's easy-to-implement, preconfigured software, pharmaceutical and biotechnology companies like yours can tighten clinical trial supply cycles and expose R&D projects to less re-work and project creep. Managing information and reporting with precision reduces your compliance risk around mandates such as Sarbanes-Oxley, as well as regulations imposed by agencies like the FDA.
SAP's business management and ERP software for life sciences companies can help you stay informed – in real time – about your resources and performance in R&D administration, clinical trials, quality initiatives, manufacturing operations, regulatory compliance, and product safety. With the ability to facilitate easier collaboration between functional areas and improve your visibility in R&D and compliance, you ensure you've got the business management to match your scientific ingenuity.
SAP can help you:
- Streamline R&D administration
- Manage an efficient clinical trial supply chain
- Enable effective regulatory compliance and risk reduction
- Improve operational excellence and product safety practices
- Enhance your market responsiveness
- Enable informed go-to-market strategies
Read about our customers:
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| Medical Devices |
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As a medical devices company, you face competition from businesses of all sizes. You need business management software that allows you to compete with them on three points: rate of new product development, manufacturing precision and efficiency, and sales and marketing effectiveness.
With shorter product life cycles than other industries experience, you feel great pressures to speed your new product development process. Your company can benefit from the functionalities SAP offers for managing product innovation and accelerating new product introduction. SAP software and applications give you tools that enable faster research and development (R&D), integrate manufacturing and sales operations, facilitate regulatory compliance, and enhance batch tracking and complaint management. From one end of your complex operations to the other, SAP has software with built-in best practices for the medical device industry to give you a competitive edge in operational efficiency and speed-to-market.
SAP can help you:
- Accelerate new product development and introduction
- Manage regulatory compliance risk
- Ensure operational excellence in manufacturing
- Enable informed go-to-market strategies
- Increase speed-to-market
Read about our customers:
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