Blog Post


The Impact of IoT Enabled Supply Chain Visibility Solutions

Adapt Ideations • Jun 30, 2022

If the last few years have taught businesses anything, it is that the digitalisation, automation and greater supply chain visibility are no longer a choice but rather a necessity. As a result of this, the need for consistent visibility of pharmaceuticals has become even more important with increasing global demand particularly for vaccines.


The industry is turning to asset tracking and monitoring solutions to increase visibility and simplify compliance across the entire supply chain. 

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IoT enabled asset tracking and monitoring solutions.

Direct Impacts of Innovative Supply Chain Visibility Solutions.

IoT enabled asset tracking and monitoring solutions are allowing industries to go from analog to digital solutions in turn enabling the automation of tracking and monitoring throughout the supply chain. An article released by Mckinsey in 2021 found that logistics costs can be improved by 15% upon the utilisation of AI enabled supply chain management and subsequent digitalisation.


IoT technology is helping remove the need for regular manual checks of vital conditions of assets throughout the supply chain thereby reducing human error. With near real-time visibility supply chain solutions on the market, this ensures lifesaving medication remains within set conditions such as temperature.


Within the pharmaceutical industry, violations of conditions can impact their viability and render them unviable for us. This highlights the importance of understanding when a violation occurs allowing necessary action to take place as quickly as possible helping to reduce damage and waste of products.

The Use Of IoT Technology & Supply Chain Visibility Solutions in the biopharmaceutical sector.

 

IoT is one of the fastest growing technologies in the business world today, offering invaluable benefits to many industries. The use of IoT within the biopharmaceutical industry is not limited to just asset tracking, with many more wider applications also existing including cold storage monitoring solutions.


Over the last few decades, technology advances have allowed for end-to-end supply chain visibility solutions to evolve. These solutions now include near real-time capabilities, which allow for a wider range of solutions to be used. This removes the need for single-use solutions. Biopharma companies are now looking at how they can move to ‘active’ solutions allowing them to make decisions in near real-time. An added bonus of utilising reusable solutions is that it allows companies to reduce their amount of e-waste that is created from the disposal of single-use solutions that cannot be used again.


How does improved supply chain visibility improve the planning process.

 

The biopharmaceutical industry must comply with stringent regulations in order to ensure products remain safe and viable for use throughout the supply chain. The Australian Code of Good Wholesaling Practice for Medicines and The United States FDA enacted The Drug Supply Chain Security Act in 2015 both govern the supply and transport of pharmaceuticals, while also establishing the mandatory requirements for pharmaceutical tracking. IoT enabled asset tracking and monitoring solutions will enable the biopharmaceutical industry to meet compliance and regulations set by governing bodies, and safely distribute products. 


Increased supply chain visibility and near real time insights will allow the pharmaceutical industry to make necessary changes or take action in the occurrence of parameters violated. A slight deviation of the temperature of pharmaceuticals in storage or transport can render them unviable for use. This can lead to pharmaceutical degradation due to excessive light, temperature fluctuations, and damaged packaging.


IoT technology can help pharmaceutical companies track their products throughout the supply chain and identify any potential problems in near real-time. This way, companies can address any issues before the products reach their final destination. The effective utilisation of IoT technology will enable the biopharmaceutical industry to achieve greater operational excellence. 


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How Adapt Ideations’ Solutions Empowers Greater Supply Chain Visibility.

 

Adapt Ideations offers a range of asset tracking and monitoring solutions helping to improve supply chain visibility for the biopharma industry. One such example is our wireless near real-time temperature and humidity monitoring solution PIXEL W100 which enables the monitoring of cold storage facilities.


The wireless temperature monitoring solution enables near real-time alerts of any deviations from set parameters with all of the data stored on our dashboard which can be viewed at any point of time. The dashboard enables data to be easily shared with clients when necessary and for reports to be downloaded based on requirements. With the utilisation of Adapt Ideations’ PIXEL W100, the biopharmaceutical industry can ensure the products remain viable in storage due to consistent near real-time monitoring capabilities and alerts when deviations occur. 

 

Contact us today at enquiries@adaptideations.com for further information on our solutions. 



View Our Solutions

Powerful and reliable, asset tracking and monitoring solutions.

Innovative monitoring solutions for high-value & temperature-sensitive assets.

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Awards & Recognition


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Best Temperature Monitoring Solution Provider


Awarded by India Biologics & Vaccines Outstanding Industry Awards 2022

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Adapt Ideations Recognised As A Supply Chain Leader


by Alcott Global on Supplify's Supply Chain Tech Map 2.0

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Technology Excellence in Cold Chain


Awarded at the 15th ELSC Leadership Awards


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