Ranpharma drugs limited is operating in the pharmaceutical industry with a number of drug formulations in the form of tablets, capsules, powder and syrup. These drugs are available to the patients on prescriptions of registered practitioners only. Besides, the company has some over the counter products that are available to any person without prescriptions. The company markets its products through a network of wholesalers, who in turn have their retailer network. The company is finding it difficult to maintain the inventory of the raw materials, stocks that it has at its disposal. The legacy standalone systems make it difficult for the systems of different departments to integrate with the other departments, as a result the systems fail to capture the real market scenario. In order to streamline its operations to achieve efficiency, the company is planning to invest in an ERP system. How would this help the company in achieving its objectives? What are the risks in implementing the same?
