144 Must-Know Terms to Decipher Serialization
August 18, 2016
By early 2019, more than 75% of the world’s prescription drug supply will be covered by track and trace laws. With so many markets adopting compliance regulations, it’s very likely that your company sells product into one of them.
If your life sciences supply chain business is just beginning to delve into all the looming serialization requirements, you are likely encountering a lot of new – and potentially confusing – terminology. Serialization comes with a long list of abbreviated words, initialisms, and idiosyncratic definitions. You may have come across some in your day-to-day operations, but there will be many others you need to learn. What, for example, is the distinction between serialization and track and trace? And how does a batch differ from a bundle? As you get acclimated, use this glossary of more than 144 terms as a reference guide. The sooner you master the basic definitions, the faster you can move on to the larger – and time-sensitive – challenges of preparing for a serialized supply chain.