It's the beginning of spring, which means it is a great time to evaluate and improve upon some of your business processes. Your company's inventory is something that should always be tracked closely, and the tools and techniques you use to track it should be efficient and relatively easy to manage.
For U.S. Food and Drug Administration (FDA) regulated industries, software validation is required to ensure that the operation of software will consistently produce results meeting predetermined specifications. Additionally, software validation is a good business practice for organizations that want to improve GxP (good practice) procedures and documentation.
Chemical companies have to comply with stringent regulations in many areas, including shipping, inventory, production and distribution. The costs associated with these requirements can be steep, especially if your company is caught failing to abide. However, companies in all sectors of the chemical industry can alleviate some of the pressures of regulatory compliance by incorporating software technology to keep compliance risk and costs relatively low, while reducing the time requirements that come with regulatory compliance. Some examples of how your business can use software to improve its compliance processes follow:
Many companies today rely on their software, specifically ERP solutions, to run their business. It is also one of the biggest IT expenditures that you have, yet it seems most users only use a small portion of the software’s functionality. So how do you know and how can you ensure you are getting the most out of your ERP software? Here are some tactics to consider when it comes to maximizing the return on your ERP software investment:
Choosing an Enterprise Resource Planning (ERP) software solution that meets your specific chemical industry business requirements and needs is only half the battle. The other half of the battle consist of implementing that new system, which can be very tricky. Below is an infographic highlighting 5 steps to a successful ERP implementation: