Challenges Facing the Pharmaceutical Industry

RFID has become essential for optimal supply chain management in the pharmaceutical industry, particularly with regard to issues of perishability, product authenticity, and chain of custody. Enabled by the enterprise  software platform, Smart’s  RFID solutions empower pharmaceutical firms to easily track and manage each of these aspects and more throughout the supply chain, all the way to the point of use.

Smart’s innovative RFID technology solves a range of longstanding pharmaceutical industry challenges, including low-tech, manual processes that result in inaccurate inventory counts, time-consuming expiration date monitoring, and chain-of-custody issues. In the case of recalls, RFID helps prevent unnecessary waste by allowing traceability of products at the item level.

RFID Solutions for Pharmaceutical Firms

With deep retail experience and a strong foundation in the pharmaceutical industry, Smart offers comprehensive  RFID technology solutions that are tailored to the needs of today’s leading pharmaceutical firms.

One of our pharmaceutical industry innovations — our DoseID-certified GB32U9 inlay — is specifically designed to tackle pharmaceutical industry pain points of tracking liquid and small items. This extremely small RFID inlay provides high quality and rapid inventory counting in dense RFID tag populations. Our global network of service bureaus provides non-RFID and RFID products and a wide spectrum of labeling forms to support different pharmaceutical products within short lead times. Overall, our breadth of product offerings and depth of experience ensures optimal results for our pharmaceutical customers and their unique brand needs.

Benefits of  RFID for the Pharmaceutical Industry

93-99% inventory accuracy
Improved inventory management processes
Risk management efficiencies
More precise and efficient compliance with recalls
Reduction of waste