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Radio Frequency Identification
 
Radio Frequency Identification (RFID)
It is now understood that RFID technology is going to have a dramatic, lasting impact on the life sciences industry. At Edkal, we know that adopting RFID in response to compliance issues is only the tip of the iceberg. The technology can provide significant increases in revenue, market share, and competitive advantage, while reducing operating costs and optimizing assets.

Move beyond reactive compliance and let Edkal demonstrate how RFID can be a transformational opportunity. Our enterprise value approach will prove that RFID can cut costs by enabling more efficient and timely tracking of goods along the life sciences value chain of supplier, manufacturer, distributor, and transportation provider. Similarly, aligning the retail pharmacy/healthcare provider, physician and patient relationship around product identification and consumption will yield tremendous benefits.

At Edkal, we understand that RFID’s potential extends far beyond supply chain optimization. RFID (and other wireless-enabling technologies) promise to dramatically and positively impact patient safety and health, as well as clinical, operational and financial aspects of the life sciences industry, because applications (and their resulting benefits) are virtually limitless. Emerging RFID applications of particular interest to the life sciences industry include:

  • Drug development and clinical trials
  • Real-time information to improve security and operational efficiency of the pharmaceutical supply chain
  • Ensure product authenticity through track and trace
  • Facilitate the recall process by providing instant access to item location information
  • Eliminate product diversion and shrinkage
  • Access inventory in real-time, improving speed and accuracy
  • Increase efficiency throughout the distribution process
  RFID: Business Benefits
  • Shipping and receiving efficiency
  • Load validation accuracy
  • Proof of delivery automation
  • Inventory accuracy and product aging visibility
  • Product safety and status alerts
  • Retailer inventory accuracy
 
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