PHARBACO OFFICIALLY OPERATES THE SAP S/4HANA INTELLIGENT ENTERPRISE ADMINISTRATION SYSTEM

PHARBACO OFFICIALLY OPERATES THE SAP S/4HANA INTELLIGENT ENTERPRISE ADMINISTRATION SYSTEM

On November 2nd, 2020, I-Pharbaco Central Pharmaceutical Joint Stock Company (Pharbaco) and Citek Technology Joint Stock Company officially announced the operation of the SAP S/4HANA system after more than 7 months of implementation throughout the PBC system and affiliated units at Hanoi Office, Soc Son factory, Ho Chi Minh City branch, 4 vaccine centers, and 4 pharmacies.

Pharbaco
Mr. Nguyen Cong Tan – General Director of Citek, speaking at the ceremony

SAP S/4HANA is the Germany No.1 new generation ERP solution in the world with the Best Practices for Pharmaceuticals. SAP solution was awarded Top 19 largest pharmaceutical enterprises in management and operation in the world and was the best meeting the strict standards required for compliance in the pharmaceutical industry: EU-GMP, PIC/S-GMP, GSP, GLP, GDP, USFDA 21 CFR, GAMP 5 …

Digital transformation is a cumulative journey for the future and it is necessary to have the right strategy to execute it right now if enterprises don’t want to be eliminated from the game in a new era with many fluctuations as well as many innovations. Digital transformation must be started doing from the senior leadership and has the right roadmap in committing to digital transformation and implementation, this will help businesses create a new operating way as well as create a new way in doing business to stay ahead of the context.

Speaking at the ceremony, Mr. To Thanh Hung – General Director of Pharbaco said: “Pharbaco has built a strategy to become one of the top leading indigenous pharmaceutical enterprises by investing in building a pharmaceutical products manufacturing that meets EU-GMP standards with a total investment of over 1,200 billion and will continue to invest in factory expansion in the near future. The Board of Directors also invested in an advanced management system and started the digital transformation journey with the intelligent management solution SAP S/4HANA, which is an effective tool to increase production and business efficiency, improve product quality to optimally serve customers need. The integration of data from all departments and factories into one system helps to quickly retrieve information, thereby helping the Board of Directors to make timely, accurate decisions, minimize risks, save costs and increase the competitive advantage to help Pharbaco develop as planned”

Mr. Nguyen Cong Tan, General Director of Citek said: “With the investment in a new factory meeting EU-GMP standards and officially implementing the world’s No.1 ERP system will help PBC improve its competitiveness with domestic enterprises as well as businesses from Europe after the EU-Vietnam Free Trade Agreement (EVFTA) was signed and takes effect to meet the business standards in the pharmaceutical industry. Implementing the system according to international governance standards with successful experiences also helps PBC to train, develop and supplement resources to successfully implement the set strategies.

Mr. Nguyen Hong Viet – General Director of SAP Vietnam said: “The SAP S/4HAHA project at PBC was signed and implemented during the Covid pandemic, but with the highest determination and commitment of the PBC managers, Citek and the entire project team have implemented and put the project into operating as planned is a great effort. We are looking forward to long-term cooperation to continue promoting Pharbaco’s digital transformation journey to make Pharbaco becoming one of the top pharmaceutical enterprises in Vietnam.”

Pharbaco
Mr. Nguyen Hong Viet – General Director of SAP Vietnam, speaking at the ceremony

 

The range of core modules operated at PBC includes Financial and Management Accounting, Purchasing Management, Warehouse Management, Production Management, Quality Management, Sales Management, Maintenance Management, Barcode Integration, R&D Management, Fiori Application, Electronic Invoice Integration.
A recent study by BMI Research shows that in the next 5 years, Vietnam’s pharmaceutical industry is expected to continue to be in the group of 20 countries with the strongest and most stable growth in the world. Forecast from IBM Market Research Company on the size of Vietnam’s pharmaceutical market will reach $ 7.7 billion in 2021 and $ 16.1 billion in 2026, with a compound growth rate of up to 11% in VND.
Pharbaco
The project teams of both companies took photos at the ceremony

Citek Technology Joint Stock Company is an experienced partner in successfully consulting and implementing SAP solutions for pharmaceutical enterprises in Vietnam such as Nanogen Pharmaceutical, APA Pharmaceutical, Tiep Phat Pharmaceutical, BIO Pharmaceutical. With practical experience in successfully implementing SAP solutions for pharmaceutical businesses, Citek has built and packaged Citek’s SAP S/4HANA Pharmaceutical solution suite and this package of solutions has been evaluated and approved by SAP Global as well as certified that meets properly the rapid implementing solution package for pharmaceutical enterprises, SAP also supports putting this Citek solution package on SAP’s global website so that businesses can access and search. Benefits when implementing the Citek solution package are: ensure successful implementation, fast implementation time and bring investment efficiency for pharmaceutical enterprises in the digital transformation journey to improve operational capacity and help enterprises to compete fairly with foreign enterprises when entering the global market, as well as participating in signed trade agreements.

According to CafeF

View More: Citek and THIBIDI signed digital transformation consulting contract with the next-generation overall enterprise management solution (SAP S/4HANA)