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Product Availability IntelligenceTraceLink

TraceLink's Product Availability Intelligence predicts drug shortages up to 90 days in advance with 90% accuracy. It leverages data from over 35 billion products, enhancing supply chain efficiency and ensuring timely availability of critical medications.

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Vendor

TraceLink

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Product Availability Intelligence

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

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

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.

Increased operational cost

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

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.

A digitalized solution to drug shortages

  • Improved patient care
  • Protected brand credibility
  • Improved sales
  • Lowered costs
  • Reallocated inventory
  • Increased market share
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