RFID Technology for Global Pharmaceutical Supply Chain Security
As according to the points of caution from the US government on the integrity of health care system in America, the United States pharmaceutical industry is conducting trails of Radio Frequency Identification (RFID) tag technology to devise a protected prescription drug supply chain through an electronic medium.
Thus RFID track and trace mechanism promises for an effective commercial viability as by reducing counterfeit drugs and to boost supply chain efficiency. It is expected that pharmaceutical company owners would use ITEM- Level Tagging (ILT) for secure distribution of Drugs.
Thus focus under these steps is to make process decentralized whereas centralized, online authentication process is more costly then the decentralized one. A decentralized move toward item-level authentication and privacy in real-time with time based access to centralized provide more flexible and cost effectiveness. A decentralized concept weaved around Elliptic Curve Pintsov-Vanstone Signatures (ECPVS), approaches with benefits of ILT whereas online access is next to impossible of being excessively expensive.
Wal-Mart the leading global retailer was the first who adopted RFID tagging technology and improved supply chain management. EPC global, an international non-profit carrying away objective and technologies related to RFID globally by getting worldwide standardization and adoption of electronic product codes (EPCs) as an integral part of the secured supply chain management.
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