RxERP is the sole serialized ERP specifically designed for the pharmaceutical industry. This solution is vital for the pharmaceutical supply chain as RxERP’s distinctive framework embeds serialization directly into the ERP system, unlike other solutions which either function as separate ERP systems or serve as additional serialization systems, leading to inconsistent and uncoordinated data shared among supply chain partners.
Embedding serialization within an ERP is vital as it facilitates comprehensive tracking of pharmaceutical drugs throughout their entire lifecycle, improves inventory control, simplifies product recalls, and guarantees adherence to regulatory standards, such as the Drug Supply Chain Security Act, which requires the identification of pharmaceutical drugs at the unit level. Additionally, it maintains the accuracy and integrity of real-time data among trading partners using the system. This is accomplished by assigning a unique identifier to each pharmaceutical product, allowing for precise tracking of its origins, manufacturing dates, and movement within the supply chain.
Traceability
Every product can be traced from production to the final consumer, providing complete insight into the supply chain and allowing for swift identification of potential problems.
Regulatory Compliance
The Drug Supply Chain Security Act mandates serialization at the unit level for tracking pharmaceutical drugs, to guarantee product traceability and safety, helping to detect counterfeit drugs and to combat the misuse and unauthorized distribution of opioids.
Anti-Counterfeiting
Assigning unique serial numbers to pharmaceutical drugs aids in the battle against counterfeiting by enabling authenticity verification.
Product Recalls
In the event of a product recall, serialization allows for the precise identification and segregation of impacted items, reducing the effect on inventory and patient health.
Cost Tracking
By associating serial numbers with purchase and production expenses, businesses can effectively monitor the costs of each pharmaceutical drug.
Inventory Optimization
Comprehensive product details provided by serialization support improved inventory management, including pinpointing slow-selling items and refining stock levels.
