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Counterfeit prescription drugs are becoming a large issue with the US and worldwide. It has been estimated to be over $75 billion that is lost in revenues due to this illegal business. In order to control this problem, it is very important to pharmaceutical companies, wholesalers, distributors and all stakeholders to work together to effectively develop traceability solutions to reduce this illegal counterfeiting and providing integrity and process controls within their systems.
But, like with any complex supply chain system, effectively keeping track of all this data and paperwork is a daunting task. Like with the food processing industry, in the pharmaceutical industry, there is a vast network of manufacturers who touch a single ingredient that goes into the manufacture of the final product. In order to be able to be accountable and be able to not only respond to product recalls, maintain safety standards, and insure security levels efficiently and effectively, everyone in the pharmaceutical supply chain has a vested interest and must work together to develop automated trace/track processes and improve protocols.
In response to the issues with counterfeit prescription drugs, governments from all levels within the US are becoming more vigilant and mandating the implementation of track and trace solutions. Barcoding and RFID systems have been put in place for handling pedigree information. Pedigree is a record in electronic form that contains information regarding each transaction resulting in a change of ownership of the given prescription drug, including returns.
10 Key Features & Benefits of an Automated Track/Trace Solution:
For further information on RFID track/trace systems and barcode labeling equipment options, call us as (800) 643-2664 and immediately talk to one of our friendly representatives; or chat us up on Facebook , Twitter , Google+ and LinkedIn !
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