| RFID Technology also enters in the world of | | | | customers hundreds of millions of dollars each year. |
| Pharmaceutical companies, distributors, and hospitals | | | | · Pharmaceutical Product: RFID provides |
| to discourage drug counterfeiting. The report of The | | | | Safety, Recalls, and Regulatory Requirements. RFID |
| World Health Organization shows between 5 to 8 | | | | take care about the expiration dates and improving |
| percent of global pharmaceuticals is counterfeit. In | | | | expiration management. The technology can store |
| some countries, It is higher and between 25 to 40 | | | | preliminary information that satisfying regulatory |
| percent. | | | | requirement. RFID reduce the time spent to |
| In the fight against counterfeit drugs RFID has its | | | | identifying products targeted for recall and reducing |
| own additional benefits. The pharmaceutical industry | | | | the likelihood of a mass-market recall of branded |
| runs on the data information of throughout the | | | | products by zeroing individual items and capturing |
| process of drug trials, manufacturing, distribution and | | | | manufacturing data. |
| retail sale. RFID is known for it's tremendous ability to | | | | RFID technology improves the drug usage tracking |
| uniquely identify each item and securely capture date | | | | during whole clinical-phase testing. Technology |
| without during whole supply chain. Pharmaceutical | | | | Improve the reliability and speed of the United States |
| industry is blessed by RFID technology: | | | | Food and Drug Administration to drug approval |
| · Supply Chain: RFID has ability to deep | | | | process by improved tracking and accountability. So |
| insight, visibility and efficiency during the supply chain. | | | | the use of RFID is going to be standard for |
| RFID present a good chance to provide 100 percent | | | | pharmaceutical companies. |
| visibility of inventory, making it easier and quicker to | | | | RFID solution implemented for many more different |
| handle goods transaction to the right place in the | | | | fields: |
| right channel. The technology improves productivity in | | | | · Corporate Security |
| shipping and receiving, reduce touch labor, increase | | | | · Fraud Prevention |
| the assurance of shipping and providing accuracy, and | | | | · Legal & Regulatory Affairs |
| expanding product availability at the retail store, thus | | | | · Loss Prevention |
| reducing customer complaints and charge backs. | | | | · RFID Technology |
| · Pharmaceutical responsibility and Brand | | | | · Security Operations |
| Protection: Technology helps to reduce the | | | | · Supply Chain |
| responsibility at every point of supply chain, reduces | | | | · Transportation & Distribution |
| the inventory losses. Every year 6-10 percent of | | | | RFID made data maintenance easier. Data Capturing, |
| retail inventory is stolen and diverted. Benefit of the | | | | managing, and reviewing data anywhere and anytime |
| new technology is presented when returns are | | | | affect your business directly or indirectly. Dynamic |
| properly shipped from right manufacturer, at proper | | | | maintenance of your huge data and any kind of |
| price. RFID also helps to prevent "gray market" | | | | asset provides you better flexibility. |
| distribution, which costs companies and their | | | | |