Shipping pharmaceutical products is complicated process thanks to high demand, complex supply chains, and strict governmental regulations. The role of the supply chain is more crucial now than ever before—it’s an area where efficiency and revenue can be increased, and a means by which to collect and leverage data—but it can also be a bottleneck if it isn’t properly managed, relying on dated legacy technology to function.
Digitization is key for the pharmaceutical supply chain. The legacy technology and manual processes that pharmaceutical logistics has relied on for so long is limited, delayed and unbalanced. This information asymmetry between supply chain partners results in administrative overhead and inefficient processes. Replacing legacy technology with digital solutions allows you automate manual processes, eliminate gaps in visibility, and leverage accurate data in real-time. The levels of efficiency possible through digitization eliminate the pain points that many pharmaceutical shippers feel.
Visibility centered on the Customer
The end-goal of the supply chain is to get products in the hands of customers. This becomes increasingly important in the case of pharmaceuticals. Keeping customers informed about the availability of their orders, and being able to leverage data for accurate planning require the level of information that only digitization can provide.
Digitization allows for all supply chain stakeholders to share and leverage up-to-date inventory data, which helps automate the flow of goods from manufacturers to their destinations. It allows for true visibility of shipments, so you know where a shipment is at all times, and can plan accordingly. It also allows for shippers to keep their distributors and customers better informed about market availability. It’s all about leveraging data in real-time to ensure critical product delivery.
project44’s digitization solutions extend beyond a single mode of transportation. Less-than-Truckload, Volume LTL, Full Truckload, and Rail are all part of the supply chain, so we don’t limit our solutions to one of them, we put them all together so you can manage them from the same place. When working in harmony as a component of their multimodal shipment lifecycle automation solution, project44 delivers seamless interoperability between a shipper, their carriers, technology systems, and customers.
Stay in Compliance With Healthcare Regulations
With the FDA’s Drug Supply Chain Security Act (DSCSA), shippers and 3PLs have increased pressure to maintain visibility of their pharmaceutical products in transit. Remaining in compliance with governmental regulations is easier if you’re fully aware of shipment locations, pick up/drop off times, and have up-to-date data and documentation for each shipment.
Digitization allows for instant access to key milestone information – such as PODs, so the moment goods are received, you have validation that shipments have been completed. Tracking shipments is also far more efficient with real-time updates. You don’t lose track of your deliveries—you remain in compliance throughout the entire shipment lifecycle.
Digitization provides any supply chain with a wealth of benefits, but in the case of the pharmaceutical industry those benefits extend beyond most. It allows you to meet the critical delivery demands and governmental regulations alike.