Situation

An enterprise level pharma manufacturer fined over $48m per year due to their inability to find misplaced assets, materials, and log books.

• Company experiencing average of 22 deviations and $4m per month in fines for FDA violations

Opportunity

Venatrust performed a pilot program to track and trace inventory assets in real-time.

• Gain visibility into accurate, real-time locations of all tracked assets
• Eliminate misplaced and lost assets, materials, and log books
  

Response

Venatrust was able to provide real-time tracking for any tagged asset to help eliminate lost assets, deviations, and fines.

• The solution can save this pharmaceutical company tens of millions of dollars annually in fines.

Projected Results

100%
of lost fixed assets, materials, and log books now identified.

0
number of deviations after implementing our solution

$4m
potential savings per month