Food and Drug Serialization: A Solution for A Safe and Secure Supply Chain That Protects Consumers and Improves Business
The food and pharmaceutical supply chain faces challenges from stock safety, counterfeiting, diversion & theft, chargebacks and returns that require the linking of item-level serialization with track and trace capabilities.
Phoenixville, PA (PRWEB) June 23, 2009
With an expected $100 million to $250 million to be spent on supply chain management (SCM), the global food and pharmaceutical industries' challenge is how to integrate their supply chain with a safety and anti-counterfeiting demand-driven process.
Food safety and drug counterfeiting represent a considerable risk exposure for food and pharmaceutical manufacturers. According to the Center for Medicines in the Public Interest (CMPI), it is estimated that counterfeit drug sales will grow 13 percent annually through 2010, compared to 7.5 percent estimated annual growth for global pharmaceutical commerce. As an example, if consumers have adverse experiences because food safety was compromised or medication was counterfeited and these were not detected, then the manufacturer is subject to FDA inspections, as well as bad press and lawsuits (e. g., Peanut Corporation of America).
Corporate Health Initiatives Consulting, LLC (CorpHI), has developed a toolset that provides clients with a methodology to determine where their supply chain is most vulnerable, understand how and when this can occur and what measures they need to take to minimize their risk. CorpHI has also partnered with premier leaders in hardware and software technologies to construct robust serialization, track & trace and ePedigree solutions specifically for the food and pharmaceutical industries.
"In today's economy, companies not only are trying to reduce costs within their supply chain but also are looking to streamline processes and reduce the number of hands a product has to pass through," noted Dr. Paul V Matsiras, Managing Director of Corporate Health Initiatives Consulting, LLC. "Besides evaluating the overall operational efficiency, food and pharmaceutical companies pay equal attention to the supply chain's safety and security by leveraging serialization, track & trace and ePedigree solutions."
For additional information on the news that is the subject of this release and a serialization strategy that drives ROI and integrates a list of powerful services --including a high-performance, industrial-strength infrastructure and highly automated packaging line processes, please visit http://www. corphi. com and complete the "Request For Information" form located in the "Resources" section.
About Corporate Health Initiatives Consulting, LLC:
Corporate Health Initiatives Consulting, LLC (CorpHI) was formed to meet a market need for business decision support and research services at affordable prices. The offering is a three-segment broad range of comprehensive and integrated business solutions that move away from one-size-fits-all programs, to individualized or personalized business guidance and incentives - instrumental in changing business behaviors that in turn reduce corporate operational costs. They represent innovative and actionable steps that simplify the business decision making process by allowing management to gain ever-more insight, drill into details and make decisions about business options' benefit and cost structure. With a track record in successfully implementing business solutions, improving business processes, and having a number of scientific presentations and publications, CorpHI is uniquely qualified to deliver project management, web promotion and health & welfare benefits results.
Contact:
Dr. Paul V Matsiras, Managing Director
Corporate Health Initiatives Consulting, LLC
484-744-9375
Http://www. corphi. com
###
