Pharmaceuticals
The pharmaceutical market offers great opportunities to utilize item-level RFID,
but has often been hindered by great challenges Among the many benefits available,
companies can increase inventory turn rates of very expensive inventory items, yielding
substantial operational savings.
In
the retail environment, pharmacies can minimize out-of-stock conditions; thereby
increasing order fill rates, revenues, and customer satisfaction. By enabling visibility
into which items that are nearing their expiry date, pharmacies can nearly eliminate
losses arising from salvage inventory. Furthermore, once RFID has been adopted throughout
the supply chain, companies will be able to comply with e-pedigree initiatives and
ensure the integrity of product provided to its customers.
On the challenge side, pharmaceuticals have traditionally been the most difficult
products for RFID to accurately monitor. Metals, liquids, and blister packs have
often negatively impacted the ability to read RFID tags.
Technology from Vue has overcome these challenges, enabling accurate reads across
liquids, metals and blister packs found in these environments. By automating RFID
through RFID enabled surfaces and shelves, inventory counts are generated continually,
and accurately, allowing for the benefits of item-level RFID to be achieved in a
non-disruptive manner.
While mobile solutions may provide value in certain scenarios, typically solutions
for pharmaceuticals include smart shelving components. Therefore, the Vue products
typically used in these solutions include: