Veratrak: Revolutionising Pharma Supply Chains Operations

Veratrak is an award-winning UK-based software company that has been at the forefront of digital transformation since 2018. Our supply chain management solutions are purpose-built for the life science industry to facilitate integrations between pharma companies and their logistics service providers by removing point-to-point connections.

At Veratrak, our role is not just about designing systems, it's about creating solutions that drive operational excellence, ensure security, and simplify data integration. Based in the UK, we work with 100+ companies across 6 continents, building and maintaining software solutions to better connect the life sciences supply chain.

Our platform, "The Hub," offers a single, secure, and compliant solution that connects pharma organisations with their supply chain partners. Focused on data integrity, security, and compliance with industry regulatory requirements, our supply chain management platform offers several benefits for logistics and supply chain professionals.

These benefits include:

1. Improved Visibility with Seamless Supply Chain Partners Integrations

The Hub platform provides real-time access to critical performance information, empowering you to optimise your operations and respond swiftly to market demands. Through notifications of integrated message flow events, and dashboards to monitor integration workflows with partners, customers connected to the Hub gain elevated visibility beyond their four walls.

2. Cost Savings by Streamlining Supplier Integration, Onboarding, and Production

Partnering with a supply chain integration specialist like Veratrak, means we take away the burden of custom development, data mapping, and systems maintenance, so you can focus your IT resources on manufacturing and delivering drugs to patients in need.

  • Veratrak maintains the connectivity between all integrated partners, and customers benefit from the removal of internal message mapping and translation efforts, as well as significant cost and time savings per connection.
  • Integrated customers no longer require costly maintenance expertise and expensive testing to support integrations over time, reducing time to onboard new partners and eliminating peer-to-peer integration maintenance.

3. Compliance and Security

At Veratrak, we have a shared commitment to quality and continuous improvement.

  • Being ISO 9001 certified promotes a culture of continuous improvement and helps identify and address quality issues effectively. We also achieved the widely recognised ISO/IEC 27001 security standard certification, demonstrating the company’s ongoing commitment to information security.️
  • Our platform is fully compliant with industry guidelines and regulations, such as GAMP 5, EU GMP Annex 11, GxP, and FDA 21 CFR Part 11.
  • Our Hub leverages blockchain technology for creating immutable records of transactions and data changes. It uses encryption technology to ensure data integrity and traceability, thus reducing the risk of cyber threats and ensuring compliance with industry regulations. Detailed delivery audit trails can be easily filtered for order history and issue analysis.
  • The Hub uses machine learning techniques to monitor and identify anomalies in the supply chain, user access patterns and network traffic.

4. Efficient Collaboration

The platform facilitates collaboration to help generate efficiencies across supply chain operations by linking systems across pharmaceutical, logistics, and contract manufacturing organisations.

  • The Hub's agnostic approach supports any file format from CSV, to XML, EDI or JSON, and any industry standard communication protocol from SFTP, to AS2, or API.️
  • The Hub provides CMO Intelligence to collate and synchronise manufacturing, quality and commercial data between production, supply, planning and change management systems to achieve a fully integrated view of manufacturing performance.
  • Veratrak's platform helps to track products along the value chain: reducing inventory safety buffers and allowing you to respond quickly to unexpected events.
  • Sustainability data captured and centralised into the Hub dashboard includes: Scope 3 Emissions calculations based on industry best practice, the GLEC framework and compliant with ISO 14083.

Having difficulty with end-to-end visibility across your supply chain network or supply chain partners due to disconnected/disparate systems, or data incompatibility? At Veratrak, we understand the unique challenges of the life sciences industry and are committed to helping you navigate the increasingly complex pharma supply chain industry. Visit our website to learn more.

About Pharma Supply Chain and Logistics Innovation Programme 2024

Pharma Supply Chain and Logistics Innovation programme is a promising conference of World BI, focusing on different aspects of supply chain challenges especially during the COVID-19 pandemic. Get to know how supply chain professionals ensure the agility and visibility of the complex supply chains with the technological advancements in the world nowadays. Implement the robust supply chain plans as forecasted and monitoring the distribution network, keeping in mind the last mile delivery and patient centricity.

10th Pharma Supply Chain and Logistics innovation Programme to be held in Movenpick Hotel Basel, Switzerland on 15-16 May 2024.

This year Pharma Supply Chain and Logistics Innovation programme will come up with new flavors discussing all the challenges for a disrupted supply chain post covid, supply chain management and supply chain differentiation covering technological advancements. This conference is a blend of discussions featuring end-end supply chain, supply chain optimization, product security & authentication and regulatory compliance.

Speakers & delegates from MSD, GSK, Novo Nordisk, Vifor Pharma, Bayer, Johnson and Johnson, Novartis, Cytvia, Clover Biopharma and many more are looking forward to joining this conference.

Register with us to learn more!