Systech Launches Innovative Exception Handling and Rework Solution

Rhea-AI Summary

Systech, a part of Dover's Markem-Imaje, introduces a robust rework solution for pharmaceutical supply chain exceptions. The solution aims to minimize data misalignment, product delays, and risks by leveraging Systech's expertise. Key benefits include compliance with regulations, avoidance of supply chain delays, and enhanced efficiency.

Supply Chain Management Expert

The introduction of Systech's rework offering is a significant development in the pharmaceutical supply chain management landscape. This solution is poised to streamline the exception management process, which is a critical aspect of supply chain optimization. By reducing data misalignment and product delays, manufacturers and distributors can expect to see improved operational efficiencies and reduced costs associated with downtime and manual error correction.

Moreover, the ability to quickly comply with regulations such as the Drug Quality and Security Act is a key competitive advantage. This compliance is not just a legal requirement but also serves as a trust signal to customers and partners. The integration of Electronic Product Code Information Services (EPCIS) checker is particularly noteworthy, as it enhances data verification processes and can lead to a reduction in the time required for data reconciliation, further improving supply chain velocity.

However, the effectiveness of this solution will largely depend on its adoption rate and the ability to integrate seamlessly with existing systems. The promise of rapid deployment and seamless connectivity to any Level 4 platform is encouraging, but real-world implementation can face challenges. It will be important for Systech to support clients through this transition to ensure that the benefits of their solution are fully realized.

Pharmaceutical Compliance Analyst

The pharmaceutical industry is under constant scrutiny to maintain high standards of product quality and patient safety. In this context, Systech's new rework offering could be a game-changer for companies looking to enhance their compliance posture. The built-in data inspector tool and automated notifications to trading partners and regulatory authorities are critical features that can help in maintaining stringent compliance standards.

Efficient exception handling is not just a matter of regulatory compliance but also impacts the company's reputation and bottom line. Delays in the supply chain can lead to drug shortages, which can have serious implications for patient care and can damage the trust that consumers and healthcare providers place in pharmaceutical brands.

It's important to note that the pharmaceutical sector is highly regulated and any new solution must be rigorously tested to ensure it meets all necessary guidelines. The long-term benefits of adopting such a solution include potential reductions in the risk of regulatory fines and enhanced market positioning as a leader in quality assurance and patient safety.

Healthcare Technology Analyst

From a technological standpoint, Systech's rework solution represents an advancement in the digitization of the pharmaceutical supply chain. The emphasis on a full-stack solution that offers cloud-based tools for rework processes signifies a shift towards more agile and scalable supply chain management systems.

The ability to adapt to any workflow and ecosystem is particularly important in the healthcare sector, where there is a diverse range of products and complex logistics involved. Mobile flexibility and multi-scan capabilities are likely to be highly beneficial in environments where time and accuracy are of the essence, such as in the handling of life-saving drugs.

While the technology appears promising, the true test will be in its interoperability with other systems and the actual performance under the high-stakes conditions of the pharmaceutical industry. The impact on production efficiency and the mitigation of risks will be critical metrics to watch as this solution is adopted.

DOWNERS GROVE, Ill., March 20, 2024 /PRNewswire/ -- Systech, part of Markem-Imaje and Dover and a leading provider of digital identification and traceability software solutions, today announced that it has released a comprehensive and versatile rework offering for managing exceptions in the pharmaceutical supply chain. Built with Systech's extensive expertise, this new solution delivers robust capabilities from the assembly line through the supply chain to help manufacturers and distributors minimize data misalignment, product delays and associated risks in the pharmaceutical sector.

"Our new feature-rich, exception handling solution addresses a diverse set of use cases, leveraging our vast experience in providing rework up and down the stack and ensuring seamless connectivity with trading partners," said Sreedhar Patnala, Vice President of Digital Products at Systech. "Systech's highly reliable and scalable solutions effectively mitigate risk and keep data and product moving."

As trading partners continue to implement and fine-tune their processes to adhere to the Drug Quality and Security Act, the volume of errors related to discrepancies between the data and product received is expected to grow. Considering the increasing challenges related to counterfeits, drug shortages and patient safety, efficient handling of exceptions has become imperative.

Key benefits of Systech's exception handling and rework solution include:

• Quick path to compliance with the Electronic Product Code Information Services checker, which serves as a built-in data inspector and reduces time to check and reconcile the data.
• Avoidance of product quarantine and supply chain delays with a communication hub that automates notifications to trading partners and regulatory authorities.
• High efficiency via multi-scan and mobile flexibility to optimize production and resolution time.

As a full-stack solution provider, Systech uniquely offers a comprehensive rework solution with rapid deployment, seamless connectivity to any Level 4 platform and a built-in data inspector with the flexibility to adapt to any workflow and ecosystem.

"The pharmaceutical industry must prioritize efficient exception handling and rework solutions to maintain product quality, patient safety and supply chain integrity," said Rick Seibert, SVP of Sharp Packaging, a leader in pharmaceutical packaging, clinical trial supply services & small-scale sterile manufacturing. "As a full-stack L1-L5 provider, Systech leverages its solution to streamline data from all sites and handles rework using a simple, cloud-based tool with no adverse impact on production."

About Systech:

Systech provides digital identification and traceability solutions that establish essential product data, ensure digital connectivity, and enable real-time insights on the packaging line and throughout the supply chain. With decades of experience in pharmaceutical packaging execution and serialization, Systech offers comprehensive, easily configured, turnkey software solutions with reliable implementation and expert support. Global brands across industries rely on Systech's platform to help them achieve their objectives in compliance, resiliency, sustainability, and digital transformation. Systech is a leading brand of Markem-Imaje^®, a global product identification, packaging intelligence, and connected product solutions provider and a part of Dover Corporation. Visit www.systechone.com for further information.

About Markem-Imaje:

Markem-Imaje, a wholly owned subsidiary of the US-based Dover Corporation is a trusted world manufacturer of product identification and traceability solutions, offering a full line of reliable and innovative inkjet, thermal transfer, laser, and print and apply label systems. Markem-Imaje provides global reach to over 50,000 customers with 30 subsidiaries, 6 technology centers, several equipment repair centers and manufacturing plants with the most comprehensive marking and coding portfolio available in the marketplace. Visit www.markem-imaje.com for further information.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 65 years, our team of over 25,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.

Systech Contact:
Ameeta Soni
(609) 395-8400
pr@systechone.com

Dover Media Contact:
Adrian Sakowicz, VP, Communications    
(630) 743-5039    
asakowicz@dovercorp.com     

Dover Investor Contact:
Jack Dickens, Senior Director, Investor Relations
(630) 743-2566
jdickens@dovercorp.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/systech-launches-innovative-exception-handling-and-rework-solution-302094834.html

SOURCE Dover

What did Systech announce regarding the pharmaceutical supply chain?

Systech introduced a comprehensive rework solution for managing exceptions in the pharmaceutical supply chain.

Who is the Vice President of Digital Products at Systech?

Sreedhar Patnala is the Vice President of Digital Products at Systech.

What are the key benefits of Systech's exception handling and rework solution?

Key benefits include compliance with regulations, avoidance of supply chain delays, and enhanced efficiency.

Why is efficient exception handling important in the pharmaceutical industry?

Efficient exception handling is crucial to maintain product quality, patient safety, and supply chain integrity.