Looking towards the future: The potential of technology in the pharmaceutical industry
Adherence to regulatory and ethical standards is critical in the pharmaceutical industry....
READ MORESafe and efficacious products are non-negotiable in the pharmaceutical industry. This is why stringent quality standards are laid down by various regulatory bodies. Given the legal and ethical issues involved, it is important to stay compliant with the established quality standards.
Quality issues may occur at any stage of the process such as procurement, intake, manufacturing, packaging, labelling, distribution, etc. Therefore, an overarching framework that can govern the various processes efficiently is a must for quality management.
Why is quality management so critical?
When quality standards are not met, it can result in failure to get approvals, monetary loss, or legal actions. On the other hand, if systems are in place that enable early identification, timely action, and an easy-to-view audit trail, companies can get faster approvals, reduce go-to-market time, and have better customer experience.
The advantages of robust quality management are immense. How can pharmaceutical companies ensure quality to stay compliant? What’s the role of digitalization in this area? Let’s explore.
Quality management is an enterprise-wide project. It requires laying down the procedures and policies in line with regulatory requirements, actively monitoring and testing, as well as conducting inspections to check adherence to and efficacy of the protocols.
Manual quality management is time and effort intensive. Moreover, it is harder to keep track of all incidences and interventions done in the processes. This also leads to greater time spent in review and planning the actions. Technology can make the entire process much simpler. For example, electronic records, time stamps, and data flow between applications reduces error in data entry, simplify audit trails, and provide an integrated view of data.
Nearly all aspects of quality management can benefit from digitalization. Below are the 5 priority areas of opportunities:
Quality management is not a one-time activity, but rather a continuum where continuous evaluation and improvement are required. Technology has a crucial role to play in making it easier for companies to meet regulatory quality standards.
Adherence to regulatory and ethical standards is critical in the pharmaceutical industry....
READ MOREAdherence to regulatory and ethical standards is critical in the pharmaceutical industry....
READ MOREAdherence to regulatory and ethical standards is critical in the pharmaceutical industry....
READ MOREAdherence to regulatory and ethical standards is critical in the pharmaceutical industry....
READ MORE