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A Guide to Improving Business in the Pharmaceutical Industry

Working in the pharmaceutical industry—whether you are based on the front line as a pharmacist, spend the majority of your time in the lab conducting research, work in a pharmaceutical factory, or indeed, in another area entirely—means you are part of the innovative and experimental medical field.

With this in mind, here is a guide to improving business in the pharmaceutical industry.

Implement Track and Trace Systems

Firstly, perhaps the simplest and indeed, entirely technological, way to significantly improve both the productivity and efficiency of a pharmaceutical business is to ensure that there is complete and utter traceability from start to finish.

Innovative track and trace technology, using VeriSens vision sensors and CX cameras, for example, allows bulk orders throughout the pharmaceutical system to be accurately picked and delivered—therefore allowing absolutely no room for errors of any kind.

Just a selection of the primary advantages in introducing track and trace technology into the pharmaceutical manufacturing sector include the following:

  • Considerably higher levels of quality management
  • Automatic compliance with legal and industry requirements
  • A reduction in the risk of waste and contamination
  • Highly efficient levels of recall management
  • A way to detect any counterfeits

Furthermore, there is certainly a lot to be said for integrating each section of technology that a single pharmaceutical company utilizes, particularly as such systems and equipment in this field are so utterly complex and multi-faceted.

Process integration will make it substantially easier to control both the environment surrounding the production process and each step of the chain, and will improve the pharmaceutical manufacturing company immeasurably as a whole.

Conduct Regular and Thorough Inventory Checks

From intricately designed self-priming pumps, to individual infusion and injection bottles and vials, keeping a close eye—and moreover, being able to instantly access the data—on your inventory will only serve to make the industry as a whole considerably safer and more efficient.

Now, depending on the size and scope of your particular pharmaceutical company, it may well be the case that more thorough inventory management can be achieved through re-training and indeed, the provision of additional training, to your current staff members.

However, especially in the case of larger, international pharmaceutical companies and chains, it would be sensible to consider outsourcing your regular inventory checks to a prestigious and third-party company.

Simplify the Daily Operation of Your Workflows

Simplification is, in the majority of cases, your best bet when you are focused upon improving one or more companies under the umbrella of the pharmaceutical sector, and this rule could not be more applicable to the daily processes and workflows.

You would be hard pressed to find an industry outside of the medical world that has as strict and unwavering protocols and guidelines to adhere to than the world of pharmaceuticals, with every single process being tightly controlled—from production to packaging.

Using leading software programs that are designed to handle large batches and control the quality and compliancy of the industry standards will not only speed up the manufacturing process, but also serve to simplify the entire job. 


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