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RFID in Pharmacy

The pharmaceutical industry faces logistic product returns due to overstocking or expiry (which costs drug companies more than 2.7billion US dollars annually) and counterfeit products (which makes up to 7% of all pharmaceutical products in the international supply chain). The pharmaceutical industry seeks a better way to track drugs in all stages of supply chain; from production to delivery to pharmacies.

RFID is considered to be the most efficient way to ensure accuracy and validity of data in this sector and solve all these problems and losses. RFID will increase the quality and security of products in this sector and costs will be reduced. RFID technology requires less interference and more efficient with its anti-collision and high memory capabilities compared to existing methods. Thus, it is seen as the best technology for item level tagging in drug sector. RFID transponders and tags are available in label forms and can be integrated to packages during production.