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Streamlined Operations
Pressures related to New Drug Applications (NDA), Biologic License Applications (BLA), reducing costs, conserving cash, and/or growing revenues compel Life Sciences companies to optimize operations. Reducing costs and streamlining begins with accurately collecting and accounting for the costs of the operations.
To address these requirements, Ross Enterprise software has extremely sophisticated costing models for First In, First Out (FIFO), Last In, First Out (LIFO), Standard, Weighted Average, and Actual Lot Costs. All costs can be captured for material, labor, machine, overhead, quality tests, waste streams, employee expenses, and allocations for inventory, manufacturing, research, and clinical trials. With visibility across all areas of the organization, from finance to R&D to manufacturing, companies can begin to fully understand and address how certain practices impact margins and bottom-line profitability.
Ross Enterprise software provides company-wide visibility through integrated information and capabilities to speed the flow of goods, eliminate waste due to costly shelf-life expirations and returns, and gain the efficiency necessary to meet product demand while keeping costs at a minimum. As an example, support for actual costing exposes all material and operation costs, including indirect costs or value resulting from co-products and by-products, so you can better understand how and to what degree margins are affected.
In addition to the information provided on these pages, we also invite you to visit our Life Sciences Resource Library for complimentary document downloads on a range of topics in Life Sciences that may be valuable to you and your organization.
And please remember that regardless of your specialty within the Life Sciences arena, we'd like nothing better than for you to talk to a current client whose business falls in your area of expertise. Just contact us, and we can make that happen too!