For contract organizations with extensive customer and partner networks, it’s important to make the move from paper records and email to traceable, digitized platforms for supply chain documentation.
Contract packaging organization (CPO) Central Pharma has selected a platform from Veratrak—a UK-based software provider dedicated to transforming supply chains across the life sciences industry—to help it achieve digitized end-to-end visibility of its supply chain and improve collaboration.
The Veratrak platform provides companies with full transparency of their supply chains, ensures secure and compliant critical document transfer, in addition to facilitating partner collaboration to drive operational performance.
All document approval and on-boarding processes at Central Pharma are run through email and internal working groups. The Veratrak platform, designed for the life sciences industry, will help the company to connect with their network, digitize manual processes and secure their supply chain operations moving forward.
The platform uses blockchain technology, storing data as part of an immutable ledger and permits secure data sharing across supply chain partners.
Taking a proactive approach to cybersecurity, Veratrak has developed a system that generates an indisputable audit trail of all document processes and ensures GxP compliance.
The Veratrak platform enables simple collaboration between multiple sites and across large customer networks. With a focus on data, the platform is designed for customers to access actionable insights, helping them to overcome operational inefficiencies they may not yet be aware of.
Alwyn Smit, Managing Director at Central Pharma added: “By partnering with Veratrak we are taking the first step required to build a fully digital end-to-end supply chain network, that ensures data integrity and secure sharing of information between partners.
“We chose Veratrak because its platform was designed with the industry in mind. Its solution not only gives us control over our supply chain but also has the potential to add value to our operations. By using a collaborative platform that facilitates efficient workflow, we will be able to reduce lead times by improving order management.”
The Veratrak platform will be used across Central Pharma’s Bedford, UK site, with the aim of later being introduced to the CPO’s new site in Kerry, Ireland.
Smit continues, “As we supply products to over 60 countries and prepare to open our second site, Veratrak’s solution will help to ensure we continue to deliver high quality and on-time results for our customers. We are really excited about what this partnership will bring to both parties over the next year.”