New approach for Convergence of IT + pharmaceutical industry

RFID technology is regarded as an attractive solution for product supply chain management owing to product traceability offered by RFID technology. Based on the product traceability, important services such as product authenticity service, accurate stock assessment service, and real-time product-delivery status monitoring service are possible. In Korea, government starts to push pharmaceutical industry to adopt RFID technology for pharmaceutical industry supply chain management as a way to make domestic pharmaceutical industry competitive to global pharmaceutical market. As a part of this government effort, this paper suggests a software platform for “overall pharmaceutical industry participants” - ordinary users, manufacturers, logistics companies, wholesaler, retailer and government - to share supply chain management information among them based on RFID technology. This is definitely a new approach for applying RFID technology to industrial fields.