Why SAP ERP Makes Sense for Pharmaceutical Manufacturing

Navigator SAP

Legacy software systems no longer make sense for life sciences businesses, especially those in Pharmaceutical manufacturing. Legacy software doesn’t serve life sciences businesses well, be they biopharmaceutical makers or those manufacturing medical devices today.

What is an ERP system in Manufacturing?

Navigator SAP

ERP manufacturing Manufacturing ERPRunning a successful business requires setting up systems that integrate your daily operations for enhanced productivity and efficacy. One of the primary systems your business needs is an Enterprise Resource Planning (ERP) system.

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Manufacturing activity moderates in March; confidence at two-year low

CFO News Room

A steep rise in the prices of raw materials and intermediates post the Russian invasion of Ukraine seems to have disrupted a feeble recovery in India’s manufacturing industry. The seasonally-adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) came in at 54.0

July Manufacturing-Sector Survey Points to Slowing

CFO News Room

The Institute for Supply Management’s Manufacturing Purchasing Managers’ Index fell to 52.8 The survey results indicate that the manufacturing sector continues to expand, but demand has softened, and price pressures have eased significantly.

Transforming advanced manufacturing through Industry 4.0

McKinsey

Manufacturers in industries such as automotive and electronics, nearing the tipping point of digital adoption, are achieving even faster and more sustainable change through Industry 4.0. Insights on Operations Manufacturing operations

The mainstreaming of additive manufacturing

McKinsey

After 40 years of development, what will it take for additive manufacturing to become more than a niche technology? Insights on Operations Manufacturing operations Supply chain management

How are Inflationary Pressures Affecting Manufacturers?

CFO Selections

With US inflation rates rising rapidly small and large manufacturers alike are being affected by inflationary pressures in much the same way, although small manufacturers will undoubtedly feel the sting of rising inflation more deeply than their larger counterparts.

Manufacturing Output Falls for a Second Consecutive Month in June

CFO News Room

Manufacturing output – about 74 percent of total output – posted its second decline in a row, falling 0.5 From a year ago, manufacturing output is up 4.2 Manufacturing utilization decreased 0.5 Manufacturing output fell for the second month in a row on widespread softness.

Manufacturers Work to Cut Ties to Russia

CFO News Room

Manufacturers with Russian ties are working to figure out how to survive, after sanctions leveled on Russia over recent weeks curb the flow of goods and money between the country and Western markets.

India’s manufacturing activities moderate in March; production, sales expand at slowest pace in six months

CFO News Room

India’s manufacturing sector activities moderated in March with companies reporting softer expansions in new orders and production as inflation concerns dampened business confidence, a monthly survey said on Monday.

Stock Futures Rise Ahead of Manufacturing Data

CFO News Room

March 22, 2022 4:41 am ET. stock futures edged up after Wall Street indexes ended lower following comments from Federal Reserve Chairman. Jerome Powell. that reiterated the central bank’s commitment to rate increases to combat inflation. S&P 500 futures rose 0.2%

India’s manufacturing activities moderate in March; production, sales expand at slowest pace in six months

CFO News Room

India’s manufacturing sector activities moderated in March with companies reporting softer expansions in new orders and production as inflation concerns dampened business confidence, a monthly survey said on Monday.

Manufacturing Output Falls for the Second Time in Five Months

CFO News Room

Manufacturing output – about 74 percent of total output – posted its second decline in the last five months, falling 0.1 From a year ago, manufacturing output is up 4.8 Manufacturing utilization decreased 0.1 Total industrial production increased a modest 0.2

US manufacturing: The next frontier for sustainable, inclusive growth

McKinsey

US manufacturing has an outsize impact on the nation’s economy. How can business leaders harness innovation to revitalize the manufacturing sector and drive inclusive economic growth? Future of America Manufacturing Sustainability

Unlocking the growth opportunity in battery manufacturing equipment

McKinsey

Surging demand for battery cells gives rise to an opportunity for European machinery and equipment manufacturers to supply emerging gigafactories. Advanced Electronics Insights Manufacturing Industrial equipment & components Automotive components & suppliers Machinery & industrial goods

VW Wants to Step Up Investment in U.S. Manufacturing

CFO News Room

BERLIN—Volkswagen said it is accelerating its push into key U.S. auto markets where it expects little impact on growth from the Ukraine war or China’s Covid-19 lockdowns.

China’s Manufacturing Activity Pummeled by Covid Restrictions

CFO News Room

BEIJING—Readings of Chinese factory and service-sector activity worsened dramatically in April, falling to their lowest levels since the early days of the Covid-19 outbreak, as recent lockdowns in dozens of cities across the country shut factories and pummeled consumer spending. Source link.

What is GMP Manufacturing and is it Required for Life Sciences

Navigator SAP

Usually, consumers cannot detect if a drug they’ve purchased has been manufactured correctly, or if it contains what has been advertised. There’s an element of consumer trust when it comes to the consumption of food or medicine.

Want to drive inclusive economic growth? Start with manufacturing

McKinsey

The decline of the US manufacturing industry has contributed to rising inequality and hurt the country’s global competitiveness—a revitalization could contribute to sustainable and inclusive growth. Insights on Operations Manufacturing United States Growth Operations

5G spectrum auctions, design-led manufacturing scheme on the cards

CFO News Room

Also, a design-led manufacturing scheme for building an ecosystem for 5G will be launched, the outlay for which might be allocated from the existing production linked scheme (PLI) for telecom equipment.

CFO for Manufacturing Companies

Michigan CFO

In the world of manufacturing, where processes run thick and bottlenecks are known to arise, CFO services play a critical role in helping organizations steer towards efficiency, profitability, and longevity. The Evolving CFO Role in a Manufacturing Company.

US Manufacturing Shows Signs Of Improvement

PYMNTS

manufacturing sector increased in viability in June by 7.3 Numbers for the manufacturing sector had been at a low during March and April as the pandemic first hit and rendered much of daily life inoperable as the country tried to combat the virus. The U.S.

Accounting for Manufacturing Businesses

Michigan CFO

Manufacturing accounting differs greatly from accounting in other industries. Regardless of what your company manufactures, one of your objectives is to increase your revenue. Here are some important accounting and manufacturing terms. Photo: Louis Reed.

Manufacturing Momentum Predicts Consumer Spend Recovery

PYMNTS

manufacturing sector continued a rebound that has stretched through the past six months, with the latest showing in October underpinned in part by consumer demand, which in turn translated into continued production of consumers goods. Seems like the rebound has legs.

Alibaba Gets Into The Garment Manufacturing Business

PYMNTS

As most companies rush to grow their online presence, Alibaba is actively seeking to expand its offline footprint through its new manufacturing division, Xunxi. International alibaba china ecommerce international manufacturing News Retail What's Hot Xunxi

Manufacturers shift tactics to stay ahead of ingredient, edible oil turmoil

CFO Dive

CFOs grappling with supply chain friction can learn from food companies that have had to stay flexible as war, weather and export bans pressure ingredient supplies

India’s manufacturing activities expand in Feb as output, new orders rise amid favourable demand: PMI

CFO News Room

The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) was at 54.9 India’s manufacturing sector activities expanded in February as output and new orders grew at accelerated rates, supported by favourable demand conditions, a monthly survey said on Wednesday.

Rivian’s Great EV Expectations Meet the Harsh Reality of Manufacturing

CFO News Room

By Sean McLain , Mike Colias and Nora Eckert. June 4, 2022 12:03 am ET. At Rivian Automotive Inc.’s s factory in Normal, Ill., life is anything but. Car factories around the world routinely churn out models around the clock.

Construction, manufacturing and retail account for 40% of administrations

Accountancy Today

Data from The Gazette Official Public Record revealed construction, manufacturing and retail were the sectors that accounted for almost 40% of administrations in 2022.

Concessional corporate tax rate: Govt wants private companies to set up new manufacturing units fast

CFO News Room

The government wants new domestic companies to set up their manufacturing units in India fast and hence the concessional tax rate of 15 per cent has been extended by a year till March 2024, Revenue Secretary Tarun Bajaj said on Friday.

Four ways to make sure your pharma manufacturing strategy delivers value

McKinsey

COVID-19 disruptions have led many pharmas to reassess their manufacturing networks and strategies. We share four ways that pharma companies can optimize manufacturing and avoid common pitfalls. Insights on Life Sciences Pharmaceuticals Manufacturing Strategy

Manufacturers Loosen Budgets To Make Tech Upgrades

PYMNTS

The COVID-19 pandemic may have brought manufacturing to a halt, but that hasn’t stopped these same companies from investing in software upgrades and technology initiatives to stay competitive. manufacturers dropped in May to its lowest level since May 2009.

MSTS Teams With GenAlpha For Manufacturing B2B Payments

PYMNTS

The ability to create loyalty via frictionless eCommerce has taken on higher importance as manufacturing firms need to adapt quicker to digital channels because of the pandemic, according to a Monday (Sept. B2B Payments B2B Equip GenAlpha manufacturing MSTS News partnerships What's Hot In B2

Rockwell Automation Takeover Targets Cybersecurity In Manufacturing

PYMNTS

Rockwell services the manufacturing industry, which is getting more digital and connected as legacy security measures continue to fall short when it comes to protecting operations.

3 More Benefits of Cloud FP&A for Manufacturing Firms

Lime Light

As we’ve previously discussed here at Limelight , there are many benefits available to manufacturing firms that make the switch from traditional static spreadsheets to Cloud FP&A. Time to read: 3 minutes.