Useful Advices - Business

RFID labels, I hear the term but what does it mean and should I be thinking of using it for my business? RFID is a radio frequency identification . Every product i

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

s identified somehow. A sign, a label, a barcode label and an RFID label are all different ways to identify product. Which one should I chose? If I own a lemonade

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

tand chances are I'll make a sign to describe what's in the pitcher. If I manufacture gum, chances are that my label will have words to tell the consumer what it i

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

, and a bar code for the cash register scanner to identify the product and price. RFID uses radio frequencies to transmit data to a reader which captures the data.

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

The reader takes the digital information and downloads it to it's computer so the data may be used and interpreted.

RFID tags or labels contain a micro chip whic

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

can store about 2KB of data. This allows you to store more than just it's SKU and price. You can store other important information like which manufacturing plant

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

t comes from, the date it was manufactured and expiration date to name a few. why do we want to capture this information in this way. Business today is about profi

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

t, streamlining and being the most productive you can be. If we can capture this data instantly then we can analyze it and make the right decisions quicker and mor

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

accurately. If we can reduce manual operations, we increase efficiency and reduce the chance for human errors, either by careless mistakes or wrong assumptions.

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

his sounds like a great system so why isn't everybody using it? It's not because it's a new technolgy because it isn't. Why the change now? It has been around sinc

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

atleast the 70's and was primarily used in the army. The reason it hasn't become the accepted norm is the cost. The readers alone can cost $1000.00 each and the l

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

abels themselves are considerably more expensive than bar code labels. Without mass acceptance and technological advancements this technology was not thought of as

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

a viable alternative.

Why the change now? Basically it comes down to one word, Walmart. Walmart has grown into such a huge company that to manage it's logistics a

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

d supply chain it has become essential to be the most efficient and streamlined as possible. Walmart feels that this technology will help it control it's inventory

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

and procurement costs, thereby increasing it's profitability. It has thus dictated that it's top 50 suppliers start using this technology. This one decision has c

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

anged the evolution of RFID labels. Money is now being spent to increase RFID reliability and lower the cost for it's use. We now have second generation RFID label

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

which are cheaper, more powerful and more reliable than the first generation. Like personal computers this product should become more powerful and cheaper as time

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

goes on. Other mass retailers are jumping on the RFID band wagon not wanting to be left behind and be at a competitive disadvantage.

RFID is available at a limit

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

d amount of printers due to the learning curve needed to manufacture these labels properly. Solutions Ink is one of these few companies able to deliver RFID labels

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

and help answer all your questions. If you need more information about your labelling needs email me at steve@solutionsink4u.com or check out www.solutionsink4u.co

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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