SAN DIEGO, October 5, 2017 – Tapestry Solutions, a Boeing Company, recently highlighted its Internet of Things (IoT) solution to leading pharmaceutical companies at LogiPharma US 2017 – a top resource for senior executives within the Life Science industries who are looking to transform their supply chains.
Tapestry’s Todd Fields, senior director of Business Development, facilitated two roundtable discussions centered on the theme, “Connecting the Pharma Supply Chain with IoT Sensor Solutions.” Participants addressed the ever-growing challenges within the Pharma industry, and how IoT technologies are revolutionizing manufacturing and supply chain operations.
Fields discussed the importance of integrating sensor technologies to achieve true end-to-end visibility and security of pharmaceuticals as they move from the shop floor to the retail centers. He introduced Tapestry’s Enterprise Sensor Integration (ESI) technology as a smart way to connect vital functions on a common IoT platform to extend visibility and mitigate risks for Pharma companies.
Cloud-based ESI software tracks every asset across the supply chain, automates workflow processes and provides predictive analysis. Tapestry implemented this enterprise-class middleware solution across 50 Boeing assembly plants, saving the aerospace leader over $100 million in the first year alone.
ESI is also well suited for the Pharma industry, noted Fields, because it can support track-and-trace capabilities across global supply chains. ESI can also monitor cold chain conditions for products such as biologics, which have strict temperature requirements. This helps ensure the integrity and chain of custody of pharmaceuticals while in transit or in storage.
“Pharma companies face highly complex challenges within their supply chains, including increasing regulatory requirements for serialization and security. They’re under intense pressure to prevent counterfeiting and product spoilage, which can severely damage brand reputation and pose significant health risks to patients,” said Fields. “As a result, they’re moving into the IoT space to help ensure compliance, product quality and traceability across the supply chain.”
ESI can transform fragmented Pharma supply chains by seamlessly integrating all types of sensor data on a common platform – regardless of hardware models or sensor types. ESI is interoperable with disparate legacy and next-generation systems, including RFID sensors, position-information tags, passive and active GPS-enabled WiFi tags, embedded hardware and Enterprise Resource Planning systems.
The sensors collect and send data to the centralized database, which in turn, translates the data into meaningful, actionable information. ESI delivers Big Data analytics that enhance situational awareness and decision support. It provides alerts if there are fluctuations in temperature, pressure and humidity. Through analytics, ESI can immediately mitigate product tampering, asset misplacement, loss, excess inventory carrying requirements and production delays.
With ESI, decision-makers can see a complete picture of asset movements and inventory, anytime at anywhere, with a click of a button. This provides customers with unprecedented levels of efficiency, security and savings, today and well into the future.