Owing to the growth, the pharma industry is becoming more patient-centric and realizing the value of patient outcomes, improved safety and efficacy, connected research and care through better data insights. Analytics in the pharmaceutical industry can be used to synthesize the data and thus drive decision-making. Actions taken based on the data can help increase operational efficiency and create a safer pharmacy practice to ensure better patient care.
Sales forecasting and monthly demands are helpful in making informed decisions about stocks of raw materials and finished goods. Additionally, it delivers more targeted and focused SKUs and helps in determining territory-wise customer trends. A detailed analysis of primary, secondary, and tertiary sales data provides in-depth insights into the efficiency of marketing campaigns.
Pharmaceutical industry leaders use incentive and compensation systems (ICM) to motivate their field staff. The pharmaceutical sector usually relies on its field force and thus finds it challenging to attract the retain the right talent. ICM is regarded as one of the major forces influencing sales force productivity. To ensure optimum productivity and effectiveness for your salesforce, we assist you with developing a robust ICM.
The financial consolidation in this sector is very tedious given the numerous channels, partners, contract workers, and different types of transactions (B2B, B2C, and B2B2C). To further capture and clean the data, it is essential to define the master data. The governing bodies make it difficult by enforcing strict rules and demanding ad hoc reports. Our team of professionals assists you in establishing a successful FP&A practice.