Track & Trace

Supply chain management is an intricate area involving multiple business challenges, from falsified data to counterfeit and smuggled items. While entrepreneurs in different industries have been putting various efforts into maintaining supply chain transparency, this ongoing process can be pushed up a level with the help of technologies such as IoT and blockchain.

The global radio frequency identification (RFID) market for healthcare is expanding at a double-digit rate — and by 2022, it’s estimated to be worth $4.9 billion according to Grand View Research. This explosive growth stems back to the value and efficiency RFID promises to bring to healthcare organizations and the added level of security and safety it promises to bring to patients.

BCIL is a full service systems integrator that provides turnkey automation solutions to manufacturing companies. The core competency of BCIL includes design, development and implementation of solutions and high level support to customers.

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As pharma continues to close the gap between the operational and analytical needs of their business, they can look to other industries for best practices.

AI and blockchain uses are on the cusp of expansion. Or are they? IT service provider executives discuss the timing and prospects for emerging technology.

Holiday packages delight their recipients—and often cost a bundle to deliver. For instance, while same-day delivery costs the transportation provider as much as $15, most retailers are willing to pay only about a third of that, while customers will shell out slightly less. The challenge for logistics companies is how to lower costs and close the gap.

The dawn of globalization paved the way for food supply chains to become truly borderless. As businesses try to keep pace with the growing demands of the local populace, sourcing consumables from around the world requires being persistent with taut logistics run via punishing operational schedules. Many in the industry believe blockchain technology can help in this effort.

The complexity of the modern supply chain can make it difficult for you to know what’s happening from time to time. All these complexities lead to inefficiency, increased risk, and performance issues. In order to drive business success, your brand must have visibility into the supply chain.

European Pharmaceutical Manufacturer speaks to some of the leading names in pharmaceutical manufacturing to find out what the key moments have been for them in 2018.

BUSINESS SOLUTIONS Experts share insights on the importance of supply chain management, and how new technologies can empower and grow existing supply chains.

Blockchain is largely identified with such digital currencies as Bitcoin and Ethereum, but, essentially, it constitutes the foundation for diverse technological applications. Blockchain technology has the potential to improve and optimize a wide variety of industries besides banking and finance. For instance, today it is also beginning to revolutionize the healthcare industry.

Serialisation, aggregation and dis-aggregation of product as it moves through the supply chain add complexity and this is an important area to consider for data capture EDGE solutions. You need effective data capture processes at each stage, not just on the packaging line but in the warehouse, or the transport operation. So, prioritise but keep the future in mind, looking for ways to adapt and optimise process execution and data capture.

Although blockchain faces regulatory hurdles and skepticism, its potential as a shared, yet secure ledger system to improve the pharmaceutical supply chain integrity and clinical trials is making it attractive for experimentation and investment by drugmakers.

AI’s higher intelligence is like having Superman join your quality inspection team. Imagine having the capability to scan 1,000 parts per minute! Machine vision equipped with deep learning can accomplish this task. That breaks down to inspecting one part in approximately six milliseconds. With machine vision having the capability to scan approximately 99% of all products, your production output can move to levels that you can only imagine without it.

Supply chain is one of the industries where blockchain has the greatest potential to make a difference. Part of the reason is that the supply chain industry is a multi-party network of logistics, shipping, manufacturing, and retail businesses coordinating with one another to take a product from manufacture all the way through the supply chain to the consumer or end user.

Product Track & Trace Solutions have not only changed Logistics, Supply Chain Management and Distribution, it’s also increasingly emerging as the answer to issues around product traceability, food traceability, waste reduction, spoilage prevention, safety and consumer transparency.

New industry regulations, the consumerization of healthcare, and the persistent need to replace antiquated logistics approaches are pushing pharmaceutical companies to integrate more technology, automation and digitization into their end-to-end supply chains.

The past few years have seen a veritable frenzy wherever the term blockchain has been used. Touted as the silver bullet that will save every industry, billions of euros of venture capital and crowdfunded money has been poured into new projects. Though there are many exciting new start-ups promising to revolutionise healthcare, there are significant challenges ahead before we will know exactly how helpful a distributed ledger can be. This article explores these issues in the context of the UK’s National Health Service (NHS).