Counterfeit medicines are on the rise and more than 6,615 pharmaceutical crime incidents were in 2022, up 10 percent from the year before and the peak figure since 20 years ago.
Traceability is an essential element of any supply chain, but it carries even greater significance in clinical settings where the consequences of failures can be gravely serious for patients. The ability to quickly and accurately identify the origin, production details, supplier involvement, delivery recipient, destination, and timing of products provides critical safeguards against clinical errors and enables prompt remedial measures in the unlikely event of an error.
By integrating traceability with unique identification, we can effectively prevent errors, improve quality, increase efficiency, and reduce costs. It is, therefore, paramount that we adopt traceability as a core component of our supply chain management practices.
White-labeling presents businesses with a valuable opportunity to enhance their offerings with minimal financial investment. Given the constant evolution, counterfeit attacks, and heightened competition in the healthcare and pharmaceutical sector, integrating white-label solutions can prove to be a strategic move, allowing for the quick launch of new products.
Despite these benefits, businesses are often confused about what their business plan should be if they use a white-label solution, although it is necessary for selling a track-and-trace platform without development, deployment, or maintenance.
This confusion is understandable because if the white-label providers develop a track-and-trace platform, what will be their role in access and user management? To answer this and similar questions, this guide serves as a valuable partner for businesses wanting to develop a secure and successful business plan for white-label healthcare and pharmaceutical track-and-trace platforms.
To solve most of your clients’ business problems without spending a lot of money and investing time, you can employ white-label solutions.
White-label solutions are highly customizable, and if you want to enter a market quickly without experiencing market saturation, you can employ a white-label solution and add some of your unique features to it.
Big clients prefer a solution that solves all of their problems related to one specific area. To attract industry leaders and make them your clients, you need a product with a USP. One specific solution to getting big clients is employing a white-label solution and customizing it with your brand identity and your business’s unique features.
If you have decided to sell your clients a white-label Healthcare and Pharmaceutical track & trace platform, you should implement the following processes for efficient workflows:
The first step is to choose a responsible white-label solution provider. Some factors that should help you decide between a white-label service provider are as follows:
You should try to understand what is the standard process of the white-label service providers to make a white-label solution for you. This is because developers and other IT professionals may know the code and it might be compromised if no protocols are employed.
To combat this, consider if the white-label service provider follows these strict protocols, that HealthMatriX follows for its white-label track-and-trace platform:
Through our rigorous access management process, we guarantee the security and integrity of our white-label track-and-trace solution, maintaining trust with users and preventing unauthorized access.
The next step to getting a white-label Healthcare and Pharmaceutical track-and-trace platform is to articulate your needs and the features needed. Of course, there will be the basic version of the track-and-trace platform, which should include the following service offerings:
Through our rigorous access management process, we guarantee the security and integrity of our white-label track-and-trace solution, maintaining trust with users and preventing unauthorized access.
After the white-label service providers develop a track-and-trace platform per your needs, you should test the platform in the following ways:
Testing a white-label Healthcare and Pharmaceutical track-and-trace platform involves ensuring its functionality, security, and usability. Here’s a tailored approach to testing such a solution:
Ensure that the platform complies with relevant regulations and standards, such as FDA regulations for pharmaceutical products or GS1 standards for product identification.
Conduct end-to-end testing to simulate real-world scenarios, including product serialization, shipment tracking, and authentication at various points in the supply chain.
After the white-label track-and-trace platform meets your requirements and functions securely, accurately, and efficiently, you should start marketing the platform under your brand identity to your existing clients and prospects.
It is important to establish communication with the white-label service provider in advance to clarify the roles and responsibilities of both parties in terms of handling customer support and software maintenance services.
Typically, the white-label service provider is responsible for providing customer support related to the software and any assistance required by customers under your brand identity. They also handle regular maintenance, periodic updates, and backup systems. Additionally, they are responsible for providing customer engagement, logistics services, warranty product registration management, and product recall management under your brand identity.
This means that they are responsible for all the back-end processes related to the track-and-trace software.
To establish the most suitable pricing structure for our white-label track-and-trace platform, we need to take into account various factors, including:
By carefully considering these factors, we can ensure that our white-label track-and-trace platform remains both cost-effective and competitive in the market.
HealthMatriX offers a streamlined process to help scale your business effectively, particularly in scenarios where NFC tags, RFID tags, or a combination of both are required. Here’s a step-by-step guide on how HealthMatriX can assist in this process:
White-label track-and-trace platforms have become essential tools for businesses seeking cost-effective, efficient solutions. With 75% of web and cloud-based businesses using white-label solutions, they offer a competitive edge and facilitate market entry. However, navigating the adoption process requires careful planning.
This guide outlines key steps, including selecting a reliable provider, understanding access management, articulating requirements, and rigorous testing, so businesses can confidently implement white-label solutions, ensuring functionality, security, and competitiveness.
As demand for customizable solutions grows, white-label track-and-trace platforms will continue to play a pivotal role in business strategies, driving growth and success in dynamic markets.
Reach out to HealthMatriX today and learn how we can develop a highly scalable, cyber-secure, flexible, and customizable track-and-trace platform for you and provide you continuous software support, so you can focus on marketing and selling the platform to your customers with confidence.
Contact us to start your journey to exponential business success!
HealthMatriX Technologies Limited provides AI-enabled anti-counterfeit QR codes, NFC/UHF tags, and cutting-edge technology development solutions to protect the products and documents for the healthcare and life science sectors. HealthMatriX also provides tamper-evident physical products, highly advanced AI-automated software integrations, and white-label solutions. Our cybersecure, data-protected, standardized, and innovative solutions help safeguard healthcare brands, products, solutions, and documents from unauthorized reproduction and duplication.
© 2022 HealthMatriX Technologies Pte. Ltd. All rights reserved.
HealthMatriX provides AI-enabled anti-counterfeit QR codes, NFC/UHF tags, and cutting-edge technology development solutions to protect the products and documents for the health sector. HealthMatriX also provides tamper-evident physical products highly advanced AI-automated software integrations and white-label solutions.
© 2024 HealthMatriX Technologies. All rights reserved.
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