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Role of IoT in the Pharma Manufacturing Process | An Article by SpendEdge

October 11, 2019

LONDON--(BUSINESS WIRE)--Oct 11, 2019--

SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest article on improving efficiency in pharma manufacturing through IoT technologies.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191011005346/en/

The latest technologies such as the Internet of Things (IoT) has attracted a vast majority of manufacturing companies to unlock its limitless potential. Pharmaceutical manufacturing companies are no exception. They have realized the potential of IoT in revolutionizing the manufacturing process from drug discovery to manufacturing. With big data and advanced analytics, they can scrutinize massive amounts of data and improve manufacturing efficiency.

Wondering how IoT can impact the pharma manufacturing process? Request a proposal and our experts will get back to you within two working days.

At SpendEdge, we understand the role of IoT in improving the efficiency of the pharma manufacturing process. Therefore, we have highlighted the role of IoT in pharma manufacturing.

IoT in Pharma Manufacturing

Connected Equipment

Despite the use of industrial automation and control technologies, the real-time status of equipment is not readily accessible for pharmaceutical companies to improve equipment effectiveness. IoT technology helps companies to maintain specific storage conditions and provide visibility into shop-floor activities, thereby, improving the efficacy of drug products.

Want to know how technologies such as IoT can help companies in the pharma manufacturing category? Reach out to our experts for specific insights.

Real-Time Visibility into Warehouse Operations

Managing warehousing operations is critical for pharmaceutical manufacturing companies to avoid product wastages and higher inventory costs. However, this becomes an arduous task for companies due to operations spread across vast geographies and high logistics costs. The use of IoT in the pharma supply chain can help firms report inconsistencies, monitor storage of sensitive medicines, and optimize warehouse floor space.

Gaining real-time visibility into warehouse operations is crucial for companies to improve their operational efficiency. Request a free demo to access our web-based procurement platform.

Controlling Cold Chain Conditions

Biologics are highly sensitive to storage conditions and carry strict temperature requirements. They are high-value items with shorter shelf lives and need to be handled carefully. IoT makes it possible to monitor the condition of such drugs and ensure ambient temperatures for them.

To know in detail about the role of IoT in pharma manufacturing, request for more information from our experts now!

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About SpendEdge:

SpendEdgeshares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.

Want more information?We’re happy to help! Tell us more about your business challenges.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191011005346/en/

CONTACT: SpendEdge

Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299

https://www.spendedge.com/contact-us

KEYWORD:

INDUSTRY KEYWORD: HEALTH PHARMACEUTICAL

SOURCE: SpendEdge

Copyright Business Wire 2019.

PUB: 10/11/2019 10:24 AM/DISC: 10/11/2019 10:24 AM

http://www.businesswire.com/news/home/20191011005346/en