Veratrak has announced that contract packaging organization (CPO) Central Pharma has selected its platform to help it achieve digitized end-to-end visibility of its supply chain and improve collaboration.
The Veratrak platform provides companies with full transparency of their supply chains, ensures secure and compliant critical document transfer, as well as facilitating partner collaboration to drive operational performance.
“We are really pleased to be welcoming Central Pharma and their extensive customer and partner network to our platform,” Jason Lacombe, CEO at Veratrak said. “At present, all document approval and on-boarding processes at Central Pharma are running through email and internal working groups. By introducing our platform, we can help them to connect with their network, digitise these manual processes and secure their supply chain operations moving forward.”
Leveraging blockchain technology, the platform stores data as part of an fixed ledger and permits secure data sharing across supply chain partners.
By taking a proactive approach to cybersecurity, Veratrak has developed a system that generates an indisputable audit trail of all document processes and ensures GxP compliance.
“Our end goal is to move the industry from paper to platform and away from non-compliant methods, such as email. We are thrilled to be working with forward-thinking companies, such as Central Pharma to drive our industry towards a safer and more secure future,” Lacombe said.
The Veratrak platform enables collaboration between multiple sites and across large customer networks. The data-driven methodology behind the platform also allows customers to access actionable insights, helping them to overcome operational inefficiencies they may not even be aware of.
“By partnering with Veratrak we are taking the first step required to build a fully digital end-to-end supply chain network that ensures data integrity and secure sharing of information between partners,” Alwyn Smit, managing director at Central Pharma said. “We chose Veratrak because its platform was designed with the industry in mind. Its solution not only gives us control over our supply chain but also has the potential to add value to our operations. By using a collaborative platform that facilitates efficient workflow, we will be able to reduce lead times by improving order management.”
The Veratrak platform will be used across Central Pharma’s Bedford, UK site, with the aim of later being introduced to the CPO’s new site in Kerry, Ireland.