A lot of businesses nowadays implement the use of barcodes on their products. While it is often regarded as a step towards saving costs and time, it actually holds more benefits, especially in an industry that is as critical as the pharmaceutical industry.
If you belong to the pharmaceutical industry and haven’t implemented barcoding in your products yet, here are some of the points that stress the importance of updating your processes.
4 Key Benefits of Barcodes in the Pharmaceutical Industry
1. Prevention of Product Counterfeiting
One of the most important concerns in the pharmaceutical industry now is the issue on counterfeited products. In developing and even in bigger and highly advanced countries like Europe and the USA, the number of cases involving counterfeits increased significantly.
Without the right measures, fake products can enter your supply chain. On the contrary, industrial coders can streamline your supply chain and inventory control by adding information for better product management including expiration date, lot/batch number and serial number.
2. Efficient Tracking and Tracing
As barcodes are extremely versatile, they are not just effective in the prevention of product counterfeiting. They are also essential in data collection and management.
Barcodes can be applied on almost any kind of surface and can contain valuable data you’ll need including prices and other information for your product inventory. If you’ll be shipping your products, you can get the tracking information you need not only about the product but also about outgoing cargos and equipment. It also facilitates quick turnaround of data to allow retrieval of information almost in an instant. As a whole, barcodes will also have an impact on the efficiency of your supply chain.
3. Cost Effective Upgrade
While it seems that integrating barcoding to your system comes with a huge expense, it actually offers cost effectiveness. Barcodes allows designing and printing at a low cost.
Aside from that, a barcode system in place may result in reduced man hours. Barcoding equipment allows ease of use so it won’t take a lot of time for an employee to be trained in its usage. Furthermore, it improves processes to avoid waste of time and in turn result in reduced expenses.
4. Improvement in Patient Safety
As pharmaceutical products, including drugs and medical devices, are geared towards the welfare of the patient, you will be able to ensure better results for those who will use them. As you spare patients from using fake products, you are able to do your part in effectively securing their health and safety. On the other hand, you will also play a role in the prevention of human-related medical errors in healthcare facilities.
ALSO READ: IDEAL CODING SOLUTIONS IN THE PHARMACEUTICAL INDUSTRY
In an industry where efficiency and patient welfare are a main concern, barcodes prove to be an indispensable tool. With the availability of barcoding solutions that can help you rom product inventory to keeping substandard products in the market, you can do the upgrade for your production line.
Elixir Industrial is a trusted supplier of coders that pass the standards in the pharmaceutical industry. Leave us a message to learn more about our products or to send us your inquiry.
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