Technology has enabled faster, more reliable supply chain management than before. As the pharmaceutical industry continues to grow and evolve, pharmacists, doctors, and pharmaceutical professionals must stay up-to-date with the latest technology to help them provide patients with quality healthcare.
Below are some ways the technology can positively affect the supply chain process, from handling orders at a distribution center to fulfilling prescriptions at a drugstore.
1. RFID Tracking
Radio-frequency identification is a form of automatic identification based on storing and remotely retrieving data using devices called RFID tags or transponders. In the pharmaceutical industry, this technology is used to tag and track inventory.
This technology allows users to reduce costs, increase inventory accuracy and eliminate waste by comparing current stock levels versus sell-through rates.
2. Intelligent Robotics
Intelligent robotics is an automated manufacturing system that aligns human and machine decision-making. The use of robotics has increased as robotics has become more urgent.
Pharmaceutical professionals can utilize robotic arms to do repetitive tasks like filling test tubes, mixing, and shaking. Robots in the pharmaceutical supply chain increase productivity by consistently allowing employees to do other high-value tasks.
3. Inventory and Network Optimization
Inventory and network optimization help to make supply chain decisions based on real-time conditions. In the medication supply chain, Sensors and actuators are connected to the data center to collect data for predictive analytics capabilities.
Predictive analytics helps pharmaceutical officers with batch-to-batch variations and detection of contaminated drugs and delicate medications. This pharmaceutical manufacturing software can assist them in scheduling supply and inventory with fewer efforts.
Business intelligence is also an important technology that allows users to access real-time information such as inventory, sales tracking, and customer needs.
4. Smart Transportation
Intelligent mobility helps in the transportation of highly sensitive medications. Intelligent systems are connected to vehicles and machinery to manage the distribution of products.
Vehicles are fitted with sensors to detect and record the real-time state of the drugs. It will be able to raise the alarm in case of any irregularities.
5. Wearables and Mobile Tech
The use of wearables, mobile tech, and cloud-based software has the potential to transform the supply chain industry. Wearable and mobile tech help employees to use personal protective equipment.
The internal devices on PPE help to detect environmental surroundings, such as chemical spills. Employees can avoid the area, thus helping in preventing deaths and injuries.
6. Artificial Intelligence and Machine Learning
Artificial intelligence and machine learning are software that teaches computers how to learn without being explicitly programmed. The technology is used in the pharmaceutical supply chain in drug discovery and development.
The idea behind AI is to identify patterns and repeat them in a way that can be applied to increase the accuracy of predictions. With this technology, scientists can replicate experiments with greater precision and only use the data required for an accurate prediction.
7. 3-D Printing
As advanced, high-precision manufacturing techniques continue to grow, so does the demand for products produced using this technology. Using 3-D printing, pharmaceutical professionals can create customized products made by order for specific customers.
Personalized medicine is used in pharmaceutical supply chain management to manage patients’ needs. Using personalizing technology and data analytics, pharmacy professionals can determine the best treatment for a patient by using their unique characteristics.
3-D printing technology has enabled on-demand design, drug combination, shapes, sizes, and personalized dosages.
8. Electronic Prescription Verification
Healthcare providers use electronic prescription verification systems to ensure prescriptions are filled properly and the patient receives the correct amount of medicine.
These systems are mainly used to prevent drug diversion, in which patients sell their prescription drugs on the black market.
9. Medication Tracking
Medication tracking software is used to capture information about medications, orders, and other materials that are distributed throughout a supply chain. Medication tracking helps to identify potential drug shortages and expiration dates.
In the pharmaceutical supply chain, this technology helps to manage critical medications, including vaccines and drugs, to avoid any interruption in patient treatment.
One of the most in-demand industries today is technology. Pharmaceutical supply chains need state-of-the-art technologies to stay competitive and provide high-quality products and services for their customers.
Health care is one of the world’s most expensive industries, making it a high-value target for automation. Automation will increase productivity, efficiency, and profitability for the healthcare industry. It will improve patient safety and prevent the medication from being lost.