Power BI

Pharmaceutical Analytics and Business Intelligence using Power BI

Pharmaceutical Analytics and Business Intelligence using Power BI

Pharmaceutical Analytics and Business Intelligence using Power BI 1920 1080 Xcelpros Team

Introduction

Modern pharmaceutical companies are undergoing a significant transformation with opportunities presented by digitization, big data, and analytics. Post COVID19, businesses are seeing an increased need for an agile enterprise Business Intelligence (BI) architecture to leverage these opportunities & seamlessly deliver business-critical insights to executives. Successful Pharmaceutical companies go beyond standard operational & statutory reports and are implementing more powerful Analytics and AI-driven solutions. These solutions provide actionable insights and useful performance indicators for efficient decision making. The more actionable your reporting is, the more empowered your team gets to enable the right engagement that ultimately drives results for your organization.

The strength of the analytics software comes with the agility of the tool to help users easily create quick insights, especially if you are an agile pharmaceutical manufacturing company. Creating reports in days instead of months frees up hundreds of hours in unnecessary spend to gather these hidden insights. This cost-saving allows business leaders to repurpose cost savings towards other operational improvements and growth. Pharmaceutical companies generate massive information every day through their day to day operations. But the data is not always being put to the right use. Some companies tend to look at reports with a traditional eye that doesn’t drive a ‘call to action’ to grow the business.

There is a right and wrong way of reporting – one provides overwhelming numbers, while the other means to understand those numbers and make them actionable.

Modern pharmaceutical companies are still undergoing a significant transformation with opportunities presented by digitization, big data, and analytics. Enterprises are seeing an increased need for an agile enterprise Business Intelligence (BI) architecture to leverage these opportunities & seamlessly deliver business-critical insights to executives.

The Strength of PowerBI

Power BI, a business analytics solution, lets you visualize your data and makes it accessible to your Organization. Insights can be easily shared through various platforms of your Organization by embedding them in your app, portals, or website, collaborating on Teams, and integrating them into your ERP or CRM applications. Microsoft’s Power BI makes it easy to combine these numbers from different sources, streamline analytics onto a single dashboard, act on newfound insights, and enhance visibility to other teams in your organization.

Leveraging the strength of PowerBI through interactive reports can be done through a few quick and easy steps:

  • Onboard
    • Access PowerBI either from portal.powerbi.com or any of the Microsoft ERP/ CRM applications.
    • Connect to your data wherever it lives.
    • Explore your data with interactive visuals.
  • Collaborate & Share
    • Publish reports and dashboards.
    • Collaborate with your team.
    • Share insights inside and outside of your Organization.
  • Access insights from anywhere
    • Act with seamless access to data insights from your desk or home.
    • Access on the go with Power BI visual reports built rapidly.

Turning Industry Data into Smart Decisions

Leading Pharmaceutical companies who are transforming into agile organizations need 360-degree insights for business-critical functions such as manufacturing execution, sales productivity, financial management, purchasing raw materials from approved suppliers, quality assurance & quality control.

New age pharmaceutical organizations collaborate, monitor, and communicate on available live data to achieve operational excellence. Pharmaceutical business intelligence enables these organizations to monitor real-time data from multiple sources and combine them into one pharmaceutical dashboard with the ability to drill-down into the report to identify issues, as necessary.

Figure 1: Pharmaceutical Analysis using Power BI

Usage in the Pharmaceutical Industry

01.Interactive Reports

Power BI is an analytics software that brings to the table a strong background in delivering end-to-end BI analytics to modern Pharmaceutical companies such as

  • Efficiency Reports On Lot Production
  • Trending And Analysis Of Quality Control Data
  • Recommendations Based Clinical Trial Reporting
  • And Financials Per Batch Produced For Each Product
  • Product Go to market assessments (how much spend and types of activity is involved, expected and actual results)

02. KPI Reporting

Accurate decision making occurs when reporting provides clarity on both good and bad data points on prime KPIs. With business analytics in the pharmaceutical industry, companies can acquire intelligence in real time and can track key performance indicators such as

  • Machine utilization
  • Process efficiency
  • Cost of Sales
  • Inventory levels
  • Batch Losses and cycle times
  • Quality standards of a product line
  • Customer engagement and customer experience

03.Real-Time Analytics

One of the essential requirements of agile Pharmaceutical companies is to have real-time analytics of overall operations as they occur, to make quick corrections, and proactively handle situations before they turn into risks. Especially for manufacturing execution and inventory management, knowing the work is progressing and inventory is turning around helps production supervisors to manage batch production processes much faster and make on the fly corrections. This type of real-time reporting on big screens in a production plant gives that needed visibility to both the manager as well as the operator to be alerted and aware of any green, yellow or red batch processing.

Figure 2:Real-Time Data Tracking with Power BI

Why PowerBI?

Few benefits of PowerBI that is enabling a business to lead to improvements are as follows:

1. This information gives the ability to make changes in the process based on how well resources are functioning to increase productivity, and how each product lot produced is performing in the market.

2. Getting real-time alerts with Power BI mobile apps makes your operations more efficient, allowing you to achieve a higher level of organizational agility and minimize response times.

3. Power BI enables monitoring of your supply chain end-to-end, letting you identify problems and potential bottlenecks before they can affect critical processes.

4. Monitoring quality inputs and outputs from all sources, including your customers, allows you to make quick and meaningful decisions that will improve the quality of batches that are manufactured.

4. The ability to share your dashboards with suppliers and partners is a plus and accommodates adjustments to the latest information available to work towards making your processes leaner and smarter.

4. Microsoft’s Power BI is a full-featured, must-have BI solution that offers a lot of micro benefits to many different organizations on their path to success such as –

    • Global Scale – Local Speed
    • Agile Business Processes
    • Predictive Analytics
    • Machine-to-Machine
    • Employee Onboarding

Some basic analytics used by Pharma companies are as follows:

  • Products & Inventory
    • Full Track & Trace Functionality
    • Enhanced Global Marketability
    • Customer Requirements
    • Product Quality
    • Product Recalls
  • Sales
    • Quotes & Order analysis
    • Pricing and Cost reporting
    • Available-to-Promise reporting
    • Order Profitability
  • Supply Chain
    • Match demand and supply
    • Improved Supply Chain Responsiveness
    • Updated and efficient Logistic analysis
  • Financial
    • Product Profitability reports
    • Batch costs
    • A full audit of transactions
  • Manufacturing
    • Safety and sustainability analysis
    • Realtime production data reports
    • Equipment failure predictions
    • Production rescheduling

Closing

The first and foremost step for change comes from enhancing visibility in operations be it in manufacturing execution, sales force productivity, procurement, or financials. From the moment you start considering a BI solution for your growing Pharmaceutical company, the benefits of Microsoft’s Power BI become evident very quickly. Power BI brings to table a strong background in delivering end-to-end BI services to modern Pharmaceutical companies – covering BI strategy, managed services, implementation & support. Microsoft’s Power BI will continue to be a must-have product for leading Pharmaceutical companies by delivering 360-degree insights for business-critical functions such as sales, finance, procurement, and more.

About XcelPros

XcelPros is a Chicago-based company and delivers transformation through technology. We offer business and technology solutions with deep industry experience in Chemical, Pharma, Life Sciences (including Medical Devices, Bio-Medical & Biotech), Insurance, Discrete Manufacturing, Process Manufacturing, Distribution and Food & Beverage.

XcelPros is a Microsoft Gold Partner, Direct Cloud Solutions Provider (CSP) and a Systems Integrator (SI) offering software licensing, implementation and consulting services for Microsoft Dynamics 365, CRM, Microsoft Dynamics AX, Business Intelligence & Analytics (Power BI), SharePoint, Office 365 and Azure (Cloud, IOT, Microsoft Flow amongst many others).

Our mission is to provide integrated technology solutions that amplify impact and empower our customer’s businesses. We believe technology is the key enabler of exponential growth for us and our customers.

Contact XcelPros today to transform your business.

Call us toll-free – 1.855.411.0585 (or) visit www.xcelpros.com

Agility in daily operations using the Power Platform

Agility in daily operations using the Power Platform 1500 800 Xcelpros Team

Introduction

COVID-19 is testing the supply chain and manufacturing operations around the world. Companies have their hands full dealing with workers who have become ill or those who are required to be home due to lack of raw materials delivery and limited work hours. Now more than ever, businesses are evaluating how to improve efficiency, lower cost, and increase operational performance. The immediate question on everyone’s mind is, “how are we coming out of this crisis”?

94%

of Fortune 1000 companies are seeing supply chain disruptions from COVID-19

Fortune , February 21 2020

 

While employees’ safety is a top priority during this pandemic, mitigating the impact on the day-to-day operations is top of mind. CEOs and CFOs are facing the unprecedented challenge of pivoting product demands and preserving cash flow that has grown over the last few weeks. Implementing a do more with less attitude while gaining a few quick wins in the process can build the momentum needed to keep companies moving forward.

FIGURE 1 The Ecosystem of an Integrated Supply Chain

 

Pivoting the Plan

The role of the CIO is critical in risk mitigation strategies in numerous ways. First, drafting a plan to determine how the COVID crisis is affecting the infrastructure short term and keeping operations running as smoothly as possible but also long term as projects and roadmap budgets will most definitely be affected. We’ve seen in the last 30 days, moving as many employees to remote work without disruption has been at the center of many organizations. Tools like Microsoft Teams and Skype have allowed organizations to continue communication, and their integration with Office 365 is allowing familiar tools to ease the transition.

Keeping the Lines Open

Not all employees of production and distribution companies are working from home. Due to increased demand for products, thousands of workers have been deemed essential, many having to operate on a 24/7 model. These facilities are finding themselves adding shifts, ramping up capacity, and working to keep warehouses stocked with both raw materials and finished products. Service providers for equipment maintenance and repair are another industry with workers ensuring that machines stay online and working correctly.

FIGURE 2 Microsoft Power Platform: An Integrated Solution

 

It is during this time that having tools in place can help to expedite communication between facilities and these providers. The Microsoft Power Platform is a creative solution; this low code-no-code platform can be implemented in a matter of hours to generate a quick win. A no-code solution can be valuable when needing to make rapid or immediate decisions while maintaining critical operations.

65%

of all App Development will be low code by 2024 as estimated

Source: Gartner

 

By using PowerApps, workers can get access and insights into machines that may be headed for trouble before they experience downtime, or even be alerted to scheduled downtime for cleaning to comply with the CDC’s Expected Business Response Plan. Power Apps can connect to hundreds of business systems and databases, making it easy to connect workers with the existing processes and data are easily integrated with Microsoft Outlook to keep those within the supply chain informed.

Increased development agility

Automate and simplify repetitive and time-consuming processes to launch faster and reduce errors across your organization.

01

 

Speed and savings

Reduce time & cost building web and mobile applications, enabling you to get through your development backlog.

02

 

Do less but achieve more

Fully managed, with preset data models and common entities, out of the box business logic and rules, that is fully customizable to your business needs.

03

 

Meeting the Demand

Using forecast planning during normal operations helps to predict the flow of material through the supply chain. However, in times of crisis, using a demand planning model is essential. By conducting a daily “What-if analysis,” scenario planning, and Sales and Operations Planning (S&OP) using a Consumption Driven Model along with industry and customer knowledge, companies mitigate as much risk as possible. As we have seen in the past few weeks, carmakers like Tesla, Ford, and General Motors have been able to quickly adjust their production lines from automotive parts to assist with the shortage of ventilator parts.

Executives are continually evaluating sales and budget plans. Power Automate can help to reduce the number of tedious manual processes when decisions cannot wait for lots of analysis and provide a creative, cost-effective strategy for businesses to connect their existing legacy systems. A perfect example would be the workflows for approvals that are activated in a matter of hours instead of days. As the workforce is becoming a hybrid of remote and on-site team members, this can reduce the time spent tracking down approvals and keep things moving. For managers who are used to adjusting production lines and need to approve adjustments on the fly, all while staying compliant, getting the right notifications is critical. Using Power Bi for current and future analysis will also lend a hand when developing future emergency response plans.

Staying Ahead

In addition to machine maintenance, keeping facilities clean and informed based on CDC guidelines is critical to keep operations running and employees safe. The Power Platform has deployed several new tools ahead of the April release.

  • Crisis Communication – It is a solution that combines Microsoft Power Apps, Microsoft Power Automate, Microsoft Teams, and SharePoint to coordinate information sharing and team collaboration in response to evolving conditions. Employees can report work status and make requests, and admins can use the app to push updates and news including RSS feeds from the World Health Organization (WHO), The Centers for Disease Control and Prevention (CDC) or local authorities, or emergency contacts to different locations—all accessible on the web, mobile, or in Teams.
  • Power Virtual Agents Crisis Response Bot – the Power Virtual Agents team has released instructions to build a Virtual Agent Crisis Response FAQ Bot that helps people get to the information they need quickly in a chat interface you can embed on your company website.

Power Apps Drives Business Transformation

The recent study conducted by Forrester Consulting shows how businesses reduced development costs and increased overall efficiency using Power Apps. Results are for a composite organization based on interviewed customers.

362%ROI over three years

 

70% Reduction in app development costs

 

3.2 hrsLine-of-business employee productivity improvement per week

 

Source: The Total Economic Impact of Power Apps commissioned study, March 2020

 

Extraordinary Challenge

The COVID-19 crisis may have unknown long term implications, so taking the time to plan is essential. Understand that putting out today’s fires is the most critical task, re-evaluating the existing roadmap and gaining a few quick wins in the process will help relieve some of the anxiety. Over the next few weeks, as we hope to get back to a more stabilized business environment, having tools in place to watch markets and consumer behavior and report that data back to your teams will help companies to move forward with more confidence. Tools like the Microsoft Power Platform will allow the runway of significant gains with little cost to get started.

We are all grateful for those companies that are quick to rise to the call to keep America moving forward. We extend a ‘Thank You’ to the countless pharmaceutical, chemical, and distribution companies who are working despite risks to keep us supplied with the essentials.

About XcelPros

XcelPros is a Chicago-based company and delivers transformation through technology. We offer business and technology solutions with deep industry experience in Chemical, Pharma, Life Sciences (including Medical Devices, Bio-Medical & Biotech), Insurance, Discrete Manufacturing, Process Manufacturing, Distribution and Food & Beverage.

XcelPros is a Microsoft Gold Partner, Direct Cloud Solutions Provider (CSP) and a Systems Integrator (SI) offering software licensing, implementation and consulting services for Microsoft Dynamics 365, CRM, Microsoft Dynamics AX, Business Intelligence & Analytics (Power BI), SharePoint, Office 365 and Azure (Cloud, IOT, Microsoft Flow amongst many others).

Our mission is to provide integrated technology solutions that amplify impact and empower our customer’s businesses. We believe technology is the key enabler of exponential growth for us and our customers.

Contact XcelPros today to transform your business.

Call us toll-free – 1.855.411.0585 (or) visit www.xcelpros.com