Innovative capabilities in labeling are delivering unimagined advantages to the pharmaceutical industry.
FREMONT, CA: Labeling and packaging play a major role in the pharmaceutical industry. From ensuring efficient and advanced tracking capabilities across complicated supply chains to optimizing inventory management, smart labeling brings in many advantages. The ongoing technological revolution has resulted in the emergence of many innovative features in pharmaceutical labeling. Just like the food industry has taken advantage of evolving smart labeling options, even the pharmaceutical industry is well-positioned to leverage smart labeling in many ways. Continue to read to decode the prospects for pharmaceutical companies in smart labeling.
• A Faster Supply Chain
The pharmaceutical industry faces a lot of delays owing to the complex nature of supply chains. However, with smart labeling technologies involving RFID, e-paper, and temperature-reading sensors, pharma supply chains are becoming significantly faster. Smart labels make data readily accessible, resulting in better supply chain management at every stage. Increased transparency in supply chain management is also a big advantage. The speeding up of the supply chain results in cost savings for companies.
• Intelligent Inventory Management
With the RFID tags present on smart labels, individual units of medicines, as well as entire batches, can be effectively traced through intelligent inventory management solutions. This makes inventory management efficient and reliable. The unique identification of medicines has become possible only because of the Unique Identification Numbers on the RFID-enabled smart labels. With the smart labeling of drugs, maintaining a balance between shortage and surplus has also become viable.
• Real-Time Monitoring
No matter where a particular unit of medicine is present, real-time monitoring has become highly convenient for pharmaceutical companies. Such tracking capabilities provide accurate data, resulting in better protection of drugs, as well as their packaging. In case original packaging is tried to be removed, smart labels can convey the information to pharmaceutical companies’ records.
Today, smart labels have transformed the supply chain operations, reduced piracy, and bettered shelf-life management of medicines. Smart labeling and packaging technologies, in effect, are propelling the pharmaceutical industry towards a brighter future.