Executive Briefings

Korean Company Uses RFID to Track and Monitor Pharmaceuticals Through Supply Chain

Korea's largest pharmaceutical company, Hanmi Pharmaceutical, is testing a radio frequency identification system at five of its wholesalers, as well as at five retailer locations throughout the nation.

Since the company's Hanmi IT division installed the technology two years ago at two factories, the drug manufacturer has tracked 60 million product units annually, from packaging to picking and shipping, thereby enabling an automated process from an order's receipt to the shipment of a packed carton to a wholesaler.

This year, however, the system provided an additional benefit, the firm reports. When the Korean government identified several products requiring a 30-percent price reduction, Hanmi was able to quickly deploy staff members equipped with handheld RFID readers, who located the unsold goods within all of the stores and warehouses, and then addressed price changes accordingly.

Every year, Hanmi manufactures 60 million product units (such as individual bottles or boxes of pills) within 500 different product categories, at its two factories in Korea.

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Keywords: Pharmaceutical/Bio-Tech, RFID, Wireless, Bar Code & Voice, Technology, Transportation & Distribution, Logistics, Hanmi IT, Government Regulation of Pharmaceuticals

Since the company's Hanmi IT division installed the technology two years ago at two factories, the drug manufacturer has tracked 60 million product units annually, from packaging to picking and shipping, thereby enabling an automated process from an order's receipt to the shipment of a packed carton to a wholesaler.

This year, however, the system provided an additional benefit, the firm reports. When the Korean government identified several products requiring a 30-percent price reduction, Hanmi was able to quickly deploy staff members equipped with handheld RFID readers, who located the unsold goods within all of the stores and warehouses, and then addressed price changes accordingly.

Every year, Hanmi manufactures 60 million product units (such as individual bottles or boxes of pills) within 500 different product categories, at its two factories in Korea.

Read Full Article


Keywords: Pharmaceutical/Bio-Tech, RFID, Wireless, Bar Code & Voice, Technology, Transportation & Distribution, Logistics, Hanmi IT, Government Regulation of Pharmaceuticals