Looking for the best pharma retail software for your pharmaceutical, medical and chemist business? Try LOGIC ERP | #1 ERP solution for pharma retail, wholesale and distribution business today!
Introduction
The Indian pharmaceutical industry is one of the fastest-growing, and it owes its growth to increasing healthcare needs and medical technology advancements.
As per the statistical reports of India Brand Equity Foundation, “The Pharmaceutical industry in India is the third largest in the world in terms of volume and 14th largest in terms of value. The Pharma sector currently contributes to around 1.72% of the country’s GDP.”
According to a recent EY FICCI report, there has been a growing consensus over providing new innovative therapies to patients. The Indian pharmaceutical market is estimated to touch US$ 130 billion in value by the end of 2030. Meanwhile, the global market size of pharmaceutical products was estimated to cross over the US$ 1 trillion mark in 2023.
In this backdrop, managing operations with efficiency and under strict regulatory requirements has been quite challenging. Pharmaceutical ERP software | LOGIC ERP helps to facilitate the process in several business functions and addresses compliance, supply chain operation optimization, and overall business performance enhancement. This article will explain the importance of ERP systems in the pharma sector, discuss unique features of LOGIC ERP pharmacy software and share insight into how to select the best ERP solution for your pharmaceutical business.
The Growing Demand of ERP Solutions in Pharmaceutical Sectors
With the Indian pharmaceutical sector booming, LOGIC ERP | #1 pharma retail ERP software is transforming the way businesses manage their operations. By automating processes, ensuring regulatory compliance, and optimizing inventory, ERP solutions play an important role to scale the growth of pharmaceutical companies. The advanced features and modules of LOGIC ERP pharma software helps to scale efficiently, reduce costs, and stay ahead of the competition—unlocking new opportunities for growth and success.
Common Challenges Faced by Pharma Industries in India
Growth not with standing, there are several challenges that confront the pharma industry:
- Regulatory Compliance: Following medical regulations and abiding by relevant authorities such as the FDA and WHO.
- Supply Chain Management: Overseeing complex supply chains, ensuring timely delivery, and optimizing logistics.
- Product Traceability: Ensuring traceability through production and distribution.
- Demand Forecasting: Precisely forecasting demand to avoid overproduction or stockouts.
- Inventory Management: Managing large inventories while minimizing carrying costs.
- Compliance with GST: Meeting the requirements of tax compliance under GST in India.
How to Overcome Challenges with LOGIC ERP Pharma Software?
LOGIC ERP | The best pharma software solution offers complete features to tackle these challenges effectively. Let’s explore in detail:
Advantage/Benefits of LOGIC ERP Pharma Retail Software
Explore the top benefits of implementing an ERP for pharma industry in detail:
1. Easy Billing
- Patient Management
LOGIC ERP pharmacy retail software enables pharmacies to manage patient information, creating a seamless billing experience. Patient details like name, address, contact no. etc. can be stored and retrieved quickly during billing, ensuring efficiency and accuracy in prescriptions.
- Prescription Reminder
Now pharma retailers can send automated reminders to the patients for prescription renewals. It will reduce the risk of missed prescriptions and ensure customer satisfaction.
- Upload Prescription Image at Billing Time
During billing, pharma retailers can easily upload images of prescriptions directly into the system, ensuring accurate data entry and preventing errors related to handwritten prescriptions.
- Configurable Billing Screens
LOGIC ERP software for pharma allows customization of the billing screen according to specific pharmacy needs. This flexibility feature ensures that the billing interface is user-friendly and suitable for different business models.
- Expiry/Near Expiry Prompt at Billing Time
As items/products are scanned during the billing process, LOGIC ERP pharmacy software for retailers checks for expired or near-expiry products and alerts the cashier in real-time, reducing the chances of selling expired goods.
- Cashier/Shift System
LOGIC ERP medical store software supports cashier management and shift tracking, allowing pharmacies to manage multiple cashiers efficiently and track sales during different shifts.
- Multiple Payment Modes: LOGIC ERP pharma software offers easy payment modes like:
- Cash: Enables payments through cash for in-store purchases.
- Credit: Credit payment option for customers with approved credit terms.
- Credit Cards: Allows customers to pay using credit cards.
- Wallets: Digital wallets are integrated for ease of payment, ensuring a seamless transaction experience for customers.
- Substitute List Based on Salts During Billing
LOGIC ERP software for the pharma retail industry suggests alternative medications based on active ingredients (salts) in the prescribed medicine, offering substitutions when the prescribed drug is unavailable.
- Special Checks for Schedule H & Narcotics Items
Get built-in checks with LOGIC ERP pharma retail software to ensure that Schedule H and narcotics items are not sold without entering patient and doctor details, maintaining compliance with regulations.
- No Discount on Special Category Products
For products categorized under special regulations (like narcotics), LOGIC ERP Cloud ERP solution for pharma retail business automatically disallows any discounting during billing to ensure compliance with the law.
- Alerts for Negative Product Margin
LOGIC ERP, the best ERP software for pharma businesses highlights products with a negative margin in red, alerting the cashier to ensure that the sale doesn’t result in a financial loss.
- Enter Shortage Products During Billing for Supplier-wise Purchase Orders
When stock shortages are identified during billing, LOGIC ERP software allows the user to create purchase orders for restocking, ensuring timely inventory replenishment.
Read more: Top Advantages and Functions of LOGIC ERP Pharmacy Management Software
2. Point-of-Sale
- Batch Wise/MRP Wise Stock Management
LOGIC ERP pharmacy management software helps to track stock based on batch numbers and MRP, ensuring better stock management and easy identification of products for sale.
- Import Item Masters from Excel
This advanced ERP system for the pharma retail industry allows pharmacies to import item master data directly from Excel files, simplifying data entry and saving time.
- Import Purchases from External Files (Excel/Text)
Users can easily import purchase data from external files (Excel or text formats), streamlining the purchase order process and reducing manual entry errors.
- Fully Customized Barcode Generation
LOGIC ERP pharma software allows pharmacies to generate customized barcodes for products, ensuring better inventory tracking and reducing errors during stock management.
- Expired/Damaged Stock Management
Expired or damaged stock is flagged in LOGIC ERP software, allowing the pharmacies to manage returns, write-offs, and supplier claims efficiently.
- Bin/Rack-wise Items
LOGIC ERP pharma software helps in organizing stock by bin or rack, making it easier to locate items in the warehouse and store.
- Buy in Strips and Sell in Tablets (Multiple Units of Conversion)
Pharmacies can buy medications in strips and sell them in individual tablets, with the system automatically adjusting the stock count and unit conversion.
- Create Purchase Returns for Normal, Expiry, and Damage Stock
LOGIC ERP software for the pharma retail industry allows users to create purchase returns for expired or damaged stock, and it tracks the status of pending returns with suppliers.
- Compare Supplier-wise Schemes
Users can compare different suppliers’ schemes and select the best offers, optimizing purchasing decisions.
- Scheme Alerts During Purchase from Same Supplier
Alerts are generated when a scheme applies during purchasing from the same supplier, ensuring users don’t miss out on discounts and promotions.
- Generate Landing Cost Based on User-defined Formula
LOGIC ERP software helps calculate the total cost of goods by adding expenses such as shipping or taxes to the purchase price, offering a clear picture of actual costs.
- Supplier-wise Purchase Orders Based on Minimum/Maximum Level Basis
This advanced ERP for the pharma retail industry generates purchase orders based on predefined minimum and maximum stock levels for each supplier, ensuring optimal inventory management.
- Maintain Godown-wise Stock
LOGIC ERP supports multiple warehouses (godowns), enabling users to track stock levels in each location and manage stock transfers.
- Pre-configured Template with 16,000+ Items Already Added
LOGIC ERP pharma inventory software comes with a pre-configured template containing over 16,000 items, reducing setup time for new users and ensuring accuracy in inventory management.
Read more: A Detailed Guide on Selecting the Best Pharmacy Management Software in 2025
3. Inventory Management
- Expiry/Near Expiry Stock List (Supplier-wise Available)
Pharmacies getting LOGIC ERP pharmaceutical inventory management software, can easily view a comprehensive list of expired or near-expiry products, organized by supplier, to take necessary actions such as returns or discounts for these items.
4. Reporting
- Mobile Reporting App
Get hands on mobile reporting with LOGIC ERP software solutions for the pharma retail industry. It includes a mobile app for real-time reporting on the go, allowing management to access data and make informed decisions from anywhere.
- Pre-configured Reporting Template
This advanced Pharma ERP solution provides pre-configured templates for common reports, ensuring quick and easy generation of key business insights.
- Configurable Reports and Dashboards
Users with pharmaceutical ERP system implementation, can easily customize reports and dashboards according to their specific needs, enabling tailored insights and better decision-making.
- Email Reports with Auto Report Mailer
LOGIC ERP auto report mailer ensures email reports are sent on time. Now, regular reports can be automatically emailed to stakeholders, reducing manual intervention and ensuring timely delivery of business information.
- Power Reports and Dashboards
The advanced reports generated by LOGIC ERP reporting software provide deeper insights into key performance metrics, such as sales, stock levels, and financial performance.
- Export Reports
Reports can be exported to various formats, including: Excel, HTML and PDF.
- Expired/Near Expiry Stock List (Supplier-wise)
Our advanced pharmaceutical ERP system generates reports on expired or near-expiry stock, segmented by supplier, to streamline stock management and compliance.
Read more: Why Do You Need a Management System For Your Pharmacy?
5. Accounting & Financial Management
- Simple and Configurable Accounting Module
LOGIC ERP offers an easy-to-use accounting module that can be customized according to the pharmacy’s accounting structure, ensuring smooth financial management.
- Journal Entries, Cash/Bank Vouchers
Users can record financial transactions such as journal entries, and cash or bank vouchers, to maintain accurate books.
- Bills Receivables/Payables
LOGIC ERP pharmacy billing software helps to manage accounts receivable and payable, ensuring that payments are tracked and due amounts are settled on time.
- Cost Centers
Users can manage and track financial data across different cost centers (e.g., store, warehouse), ensuring accurate cost allocation.
- Balance Sheet, P&L, and Ratio Analysis
LOGIC ERP generates essential financial reports such as balance sheets, profit and loss statements, and ratio analysis for assessing financial health.
- e-File GST Returns
LOGIC ERP pharma GST billing software automatically generates GST returns and supports e-filing, ensuring compliance with tax regulations.
- Generate E-Way Bills
LOGIC ERP helps to generate e-way bills for goods, in transit, ensuring compliance with transportation regulations.
- Cheque Printing
The system supports printing of cheques for payments, simplifying cash flow management.
- TDS/TCS Module
It handles Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) to ensure accurate tax calculations and compliance.
- Journal Purchase/Debit Note Entry (HSN-wise)
Users can record journal entries for purchases and debit notes with HSN codes, ensuring proper tax filing and reporting.
- Journal Sale/Credit Notes Entry (HSN-wise)
Our advanced pharmacy management software for industries helps to track sales and credit notes, including HSN codes for accurate GST reporting.
- GST Summary and Auto-Entry of GST Payable with Journal Entry
LOGIC ERP automatically generates GST summaries and creates journal entries for GST payables, streamlining tax compliance.
- Post Date Cheques Entry (Receipts/Payments)
The system allows users to enter post-dated cheques for both receipts and payments, ensuring accurate accounting.
Why Choose LOGIC ERP for Your Pharma Retail Business Growth?
LOGIC ERP is one of the top ERP companies to provide the best pharma retail software solution. Since 1993, we have been streamlining pharma retail industry operations with unique features like regulatory compliance, real-time tracking, inventory management, patient management, easy billing modes, prescription management and e-invoicing process.
What makes LOGIC ERP the top choice for ERP pharma retail software solution?
- 30+ Years of ERP Excellence
- 200+ Experienced ERP Experts
- Personalized Training and Support
- Fast, Easy, and Stress-Free Implementation
- Easy Personalization and Deployment
- Digital-Ready ERP with 3rd-Party Plug-Ins & API
Conclusion
Pharmaceutical ERP software is key to integrating business operations with regulatory compliance for enhanced profitability in the pharma sector. LOGIC ERP pharma retail software provides strong, customized solutions that cater to pharmaceutical busines
s needs, from inventory management to financial tracking and compliance monitoring. Leveraging ERP technology enables companies to overcome industry challenges, improve efficiency, and achieve sustainable growth.
Want to know more about medical store software, pharma wholesale software India, retail pharmacy software, pharma distribution software, ERP pharmacy software, pharma software for distribution & wholesale billing, pharmacy billing software, pharmaceutical distribution software, pharma distribution software, ERP software for pharma distribution business, contact our experts to book a free demo at calling our experts at +91-734114 1176 or send us an email at sales@logicerp.com today!
Frequently Asked Questions
What is Pharma ERP Software?
Pharma ERP software is an advanced Enterprise Resource Planning solution designed specifically for the pharmaceutical industry. It integrates core processes like inventory management, production planning, supply chain management, billing, and compliance into a unified platform. By streamlining operations, advanced pharma ERP systems help pharmaceutical companies maintain regulatory compliance, optimize costs, and ensure accurate pharmaceutical inventory management.
What is Pharmacy Retail ERP Software?
Pharmacy retail ERP software is tailored to manage the day-to-day operations of medical stores and retail pharmacies. It simplifies inventory tracking, sales, billing, customer management, and supply chain operations, ensuring seamless operations in real-time. The best Cloud ERP solution for pharma retail businesses ensures anytime, anywhere access for pharmacies to handle their operations efficiently.
How to Automate a Pharmacy Business with LOGIC ERP Software Solutions?
Automating a pharmacy business with LOGIC ERP software for the pharma industry involves:
- Streamlining inventory management: Track stock levels, expiry dates, and reorders.
- Enhancing billing processes: Use pharmacy billing software for faster and error-free transactions.
- Optimizing supply chain management: Track orders, vendors, and shipments effectively.
- Integrating retail and wholesale operations: Manage medical stores, chains, and pharma wholesale software under one system.
- Compliance management: Ensure adherence to government and pharmaceutical industry regulations.
How Long Does It Take to Implement Pharma ERP Software for Retail and Distribution Businesses?
The implementation time for LOGIC ERP pharma software depends on the complexity of your operations and business size. Using a Cloud ERP solution for pharma retail businesses may expedite the process due to its scalable and pre-configured features.
What are the Common Challenges Faced by Pharma Retail Industries?
The list of common challenges faced by pharma retail industries in India includes:
- Inventory management: Tracking stock levels and expiry dates manually is time-consuming.
- Compliance adherence: Ensuring strict regulatory compliance in the pharmaceutical sector.
- Billing inaccuracies: Errors during high-volume transactions.
- Customer engagement: Managing loyalty programs or customer-specific discounts.
- Supply chain disruptions: Uncertainty in product availability from distributors. Pharma retail ERP software resolves these challenges by automating and centralizing operations.
What are the Common Challenges Faced by Pharma Distribution Businesses?
The list of common challenges faced by pharma distribution industries in India includes:
- Supply chain inefficiencies: Delays in delivery and inaccurate order tracking.
- Billing and payment issues: Errors in wholesale billing and payment reconciliation.
- Regulatory compliance: Difficulty in tracking and maintaining records for audits.
- Inventory visibility: Managing multi-location stock across the distribution network.
- Order management: Handling bulk orders with varying customer demands. With pharmaceutical distribution software, businesses can optimize distribution channels and improve operational efficiency.
Why Choose LOGIC ERP Pharma ERP Solutions?
LOGIC ERP is the top pharmaceutical ERP system in India for pharma industries. This best pharma ERP software for pharmaceutical businesses in India helps to overcome industry challenges and drive growth. It ensures seamless integration of retail, wholesale, and distribution processes, delivering benefits like improved productivity, compliance, and customer satisfaction.
