The pharmaceutical industry loses approximately $12B in revenue each year due to penalties and material waste. With a growing risk of counterfeit drugs, inability to verify ingredient movement history or transaction handoffs––transparency and tracking in the value chain has never been in greater demand.
The company wants to track dwell time in each zone so that bio material spends the minimum amount of time in each zone, therefore preventing it from having a temperature excursion. They also want to capture complete movement history for seamless compliance with FDA regulations.
Providing a complete system to accurately monitor location, dwell times, condition and history, the company has experienced a reduction in re-testing, spoilage and waste, amounting to millions of dollars saved. When the FDA does a compliance check, a complete record of movement history is always available with the click of a button, resulting in significant administrative cost savings.