Name: Product Availability Intelligence
Brand: TraceLink

Track and trace billions of products, securely and anonymously, across the world’s largest digital supply network

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Product overview

Predicting drug shortages across the supply chain

TraceLink Product Availability Intelligence leverages a massive data set associated with more than 35 billion unique products on the TraceLink network—the life sciences industry’s largest supply chain network digitalization platform—to predict drug shortages and their duration across the healthcare supply chain.

Information you’ll receive

Drug shortage predictions up to 90 days in advance with up to 90% accuracy

Real-time, predictive intelligence to make proactive decisions

The duration of shortages for your NDCs and comparable market NDCs

Comparable NDCs in the market that are likely to be in shortage in the next 10-90 days

Production recommendations based on market opportunities created by shortages

Industry challenges

The cost and impact of drug shortages

Drug shortages have a significant impact on patient health and create extraordinary challenges for pharmacy and procurement leaders, including:

Negative impact on patient care

Drug shortages often result in delays or cancellations in medical procedures, and limited treatment options.

Negative impact on patient care

Increased operational cost

Shortages and consequential delays increase labor cost for companies and increase drug costs by 15-30% on average.

Increased operational cost

Loss of credibility and business

Companies may lose credibility with customers, who go to competitors, resulting in a loss of 5–7% of sales annually.

Loss of credibility and business

Product benefits

Improved patient care

With early awareness of a potential shortage, manufacturers can increase drugs released into the supply chain to ensure high on-time and in-full service levels to patients are maintained. Hospital dispensers and pharmacies can also work with wholesale distributors and drug manufacturers to secure adequate supply or stock up on alternative drugs to improve patient care.

Product benefits

Protected brand credibility

Preventing shortages directly improves brand credibility which may be impacted by negative reviews from patients who feel they got substandard care. Manufacturers can also use the additional lead time provided by the shortage prediction to increase production, avert the shortage, and maintain brand credibility.

Product benefits

Improved sales

Manufacturers can improve revenues by 5-7% by avoiding the lost sales resulting from drug shortages.

Product benefits

Lowered costs

With shortage predictions 60-90 days in advance, hospital dispensers can acquire adequate supply before market pricing increases drug sourcing costs. They can also reduce time and money allocated to finding ways to increase medicine supply, to working around drug shortages, and reschedule or cancel procedures. Additionally, large drug manufacturers can reduce “failure to supply” fees of $10-20M annually by 5-10% and reduce the cost of variable labor required to address shortages.

Product benefits

Reallocated inventory

For shortages that cannot be easily averted due to uncontrollable supply disruptions, use shortage prediction and projected duration to allocate inventory across customer orders more equitably.