What is a track and trace system?
You can use a track and trace system to find the past and current location of each item in the supply chain. It is a powerful means that pharmaceutical firms must-have. In particular, regulations specify specific conditions for tracking capabilities and the recording and sharing of supply chain data. When properly designed and implemented, a track and trace system operates as it promises. Whether it is a vaccine, a drug, or a medical device, it tracks as it moves forward and backwards through the supply chain, down to the particular components or ingredients brought together to build that product in the supply chain.
What are the benefits of track and trace systems?
- It is efficient
Tracking and tracing solutions can support you to improve the efficiency of the pharmaceutical industry. It enhances product safety by giving supply chain business partners an effortless way to share information.
- You can get product recalls
Users can now watch related events that spur product recalls and other essential news at the click of a button, eliminating the need to wait for manual reports. The trace and tracking system solution is beneficial when you require monitoring product recalls. These instruments help corporations track their products throughout their supply chain and give them a better idea of what’s happening in their inventory over time.
- It gives visibility
There is a growing request for visibility from end-users. Tracking technology allows you to track a product’s path in detail, from product growth to production and storage.
A track and trace system can enhance multiple processes for the pharmaceutical industry.