Management Today - Spring 2016 - 5


PROCESS IMPROVEMENT //

THE
front

THE
front

// Industry collaboration has become essential to
effectively move businesses forward.

reliable product data shared in real time
to determine product availability.
Manufacturers and retailers are
collaborating on item-level RFID
implementation with the mutual goal
of enhancing inventory visibility. By
applying RFID tags to each individual item, trading partners can track
the movement of data through many
disparate systems - a critical enabler
of omni-channel success. Item level
RFID raises inventory accuracy to
near-perfect levels, allowing retailers
to sell products which were previously
not visible and therefore, unsellable.
Taking a standards-based approach, retailers can gain quick insight and make
speedier decisions about stock rotation
and the type of inventory required at any
specific e-tail or store location. Retailers
can be more nimble, leading fewer incidences of out-of-stocks and overall more
seamless customer experiences.
Interoperable standards and trading
partner collaboration are vital to achieving omni-channel success. The deployment of RFID in retail is a good example
of how supply chain fulfillment challeng-

mt

Spring 2016

es can evolve into new sales opportunities if trading partners can collaborate to
deliver on the customer's expectations.
Safer Outcomes
The pharmaceutical industry is currently collaborating on the global standard
called the Electronic Product Code
Information Service (EPCIS) to meet
immediate and long term requirements
of the drug safety legislation passed
in 2013 called the Drug Supply Chain
Security Act (DSCSA). The Act outlines
critical steps to build an electronic, interoperable system to identify and trace
prescription drugs as they move through
the supply chain.
EPCIS has been supported by the
Food and Drug Administration (FDA) as
a communication method for reporting
transactional information and provides
the data attributes and message structure needed to support compliance with
the information handling and retrieval
provisions of the DSCSA. With its extreme scalability and versatility, EPCIS
allows for healthcare industry-specific
enhancements to be implemented using

a number of GS1 barcodes and data
carriers. In addition, EPCIS is a global
standard - leveraging standards to meet
specific geographic or market needs
helps trading partners meet DSCSA
requirements and improve global supply
chain efficiency.
There are many trading partner
pilots underway this year that leverage
EPCIS according to industry recommendations for adoption. Recently,
TraceLink announced the completion
of a successful EPCIS pilot program. In
the fall of 2015, TraceLink worked with
a top-five pharmaceutical manufacturer and top wholesale distributor to
develop, deploy and test serialization
data exchange pilots for commercialized product using EPCIS. These
pilots were tested real-world scenarios,
including the preparation, exchange and
verification of serialized product information in a production environment for
commercial product. They reported high
operational speed and the maintenance
of a high level of efficiency.
These two examples merely scratch
the surface of what can be achieved
through collaboration based on the GS1
System of Standards. Through broad
collaboration with multiple industries,
we are able to see the progress that can
be achieved when trading partners work
together. These standards are powerful
- millions of companies have leveraged
them for more than four decades, and it
seems that almost every year, industry
finds new ways that standards can help
move innovation forward. Taking a
step back to look at the larger universe
in which your business exists can be a
challenge for industries, but in the end,
standards-based collaboration is proof
that it can lead to unimaginable growth
and the opportunity to evolve. mt
Siobhan O'Bara is senior vice president of
industry engagement with GS1 US.
SPRING 2016 MANAGEMENTTODAY-MAGAZINE.COM

5


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Table of Contents for the Digital Edition of Management Today - Spring 2016

Contents
Management Today - Spring 2016 - Cover1
Management Today - Spring 2016 - Cover2
Management Today - Spring 2016 - 1
Management Today - Spring 2016 - Contents
Management Today - Spring 2016 - 3
Management Today - Spring 2016 - 4
Management Today - Spring 2016 - 5
Management Today - Spring 2016 - 6
Management Today - Spring 2016 - 7
Management Today - Spring 2016 - 8
Management Today - Spring 2016 - 9
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Management Today - Spring 2016 - 28
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Management Today - Spring 2016 - Cover3
Management Today - Spring 2016 - Cover4
http://www.nxtbook.com/nxtbooks/knighthouse/mgt_2016spring
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