Vertical storage solutions for pharma companies are critical for addressing the challenges posed by the high demand for medication. Statista reported that the global pharmaceutical market’s total valuation was estimated to have risen to $1.48 trillion in 2022, surpassing the previous year’s value by $60 billion.
This growth comes with its own set of challenges, including wastage and spoilage due to poor storage. According to a World Health Organization (WHO) report, over 50% of vaccines globally are wasted because of inadequate temperature control during storage and distribution. This wastage can lead to vaccine shortages in the most needed areas.
Therefore, an efficient storage system is crucial to reduce wastage, improve patient safety, and streamline pharma companies’ operations.
Types of Vertical Storage Solutions for Pharma Companies
Pharmaceutical companies have unique storage needs; vertical storage solutions can help create a space-efficient, secure system. SRS-i offers a range of vertical storage solutions designed specifically for the pharmaceutical industry:
Vertical Lift Modules
VLMs are an automated storage and retrieval system (ASRS) that uses a series of trays vertically stored and delivered to operators with the push of a button. This technology allows for quick and efficient product retrieval, reducing the time spent on manual inventory management. VLMs can also optimize space utilization by storing products vertically and minimizing the system’s footprint.
SRS-i offers a variety of VLMs, including the Modula LIFT, which is designed for high-density storage and can be customized to fit each customer’s unique needs.
With Modula LIFT, pharmaceutical companies can maximize their storage capacity while improving pick-up accuracy and reducing order fulfillment times. The system is also equipped with advanced security features, ensuring the safety and integrity of stored products.
Vertical shelving is a flexible storage solution that can be adjusted to suit different product sizes and shapes. It consists of a series of adjustable shelves that can be reconfigured as needed to meet the changing needs of your facility, including fluctuations in stock levels and increases in customer demand.
The reconfigurable design also makes it an ideal solution for pharmaceutical companies that need to store a range of products with different dimensions. Vertical shelving is also easy to install and requires minimal maintenance, making it a cost-effective storage solution.
Modula SLIM from SRS-i is an ideal vertical shelving option for pharmaceutical companies with limited storage space. It has a small footprint of only 32.29 ft² but features a high load capacity, double that of typical vertical carousels.
The Modula SLIM also has customizable storage options and automated pointing lasers to improve picking accuracy. It is energy-efficient, user-friendly, and quick to install, making it an excellent solution for pharmaceutical businesses.
Considerations When Choosing a Vertical Storage System
Choosing the right vertical storage system can be challenging for pharma companies. Some key considerations to keep in mind when selecting one include:
Pharmaceutical companies must consider the available space in their facility when choosing a vertical storage system. They should ensure that the design fits their space constraints and allows for smooth traffic flow. A space-efficient system can help them maximize their storage capacity without compromising accessibility and ease of use.
To determine the available space, companies should assess the dimensions and layout of their facility. This helps them identify areas where they can install the storage system without interfering with traffic flow or impeding access to other areas. They may also want to consider the ceiling height of their facility, as vertical storage systems can take advantage of unused vertical space.
At SRS-i, our experienced professionals work closely with pharmaceutical companies to create tailored storage solutions that maximize space utilization and streamline workflow. We use advanced CAD design tools to produce accurate and detailed plans and layouts that meet each client’s specific needs.
Our designs consider factors such as material handling, regulatory compliance, and safety standards to ensure an efficient and effective system that meets the demands of the pharmaceutical industry.
The storage needs of pharmaceutical companies may change over time, so they need to choose a system that can grow with their business. A modular system that can be easily expanded or reconfigured can help them accommodate their changing storage needs without needing a complete overhaul.
Companies need to assess their current and future storage needs to ensure scalability. This will help them choose a system to accommodate their needs as their business grows. Additionally, systems that offer add-on components or accessories that can be easily installed to expand their storage capacity are also recommended.
Access Control and Security
Companies should ensure only authorized personnel can access the storage system to prevent theft and tampering. An integrated software system that requires user authentication and password protection can help create a more secure facility. Features such as CCTV surveillance and alarm systems can also enhance security.
To ensure adequate access control and security, companies must assess the risk level associated with storing pharmaceuticals in their facility. This helps determine the necessary security measures to prevent theft and tampering. They must also ensure that the system offers user authentication and password protection to prevent unauthorized access.
Inventory Management System Compatibility
When choosing a vertical storage system, pharmaceutical companies should ensure that it is compatible with their inventory management system. This streamlines their operations and prevents errors in tracking and dispensing medication. They should look for a system that integrates with popular inventory management software and barcode scanning systems. Additionally, consider systems offering built-in inventory management features to streamline their operations further.
At SRS-i, we offer Integrated Supervisory Software (ISS) that seamlessly integrates with your existing Enterprise Resource Planning (ERP) software. This integration ensures that your automated storage system can be synchronized with other vital business processes, allowing for real-time inventory tracking and automatic replenishment of goods to reduce spoilage and stock-outs.
Advantages of Using Vertical Storage Solutions for Pharma Companies
Pharmaceutical storage solutions offer a range of benefits that can help pharmaceutical companies effectively manage high demand and maintain product quality. Some of the major advantages include:
Pharmaceutical companies are often pressed for space due to the high volume of products they need to store. Vertical storage solutions can help optimize space utilization by minimizing the footprint required for storage.
According to one report by Material Handling Industry (MHI), vertical lift modules can help pharmaceutical companies save up to 75% of floor space compared to traditional storage systems. This can help companies use their facilities more efficiently, reduce storage costs, and potentially free up space for other uses.
Pharmaceutical companies need to retrieve products quickly and efficiently to meet customer demand. Vertical storage systems allow for faster and more accurate picking and packing of products, reducing order fulfillment times and increasing productivity. They can streamline the picking and packing process, allowing faster and more accurate order fulfillment.
This can increase productivity as fewer errors are made, and products can be shipped out to customers more quickly. Vertical pharmaceutical storage solutions can reduce the time spent on manual inventory management, freeing employees to focus on other tasks.
Enhanced Inventory Management
Effective inventory management is essential for pharmaceutical companies to maintain high customer satisfaction and profitability. Vertical storage systems can help companies track inventory levels more accurately, ensuring they always have the right products to meet demand.
This can reduce the risk of stock-outs and overstocking and minimize the amount of expired or lost products. This is important, considering medication errors cost the U.S. healthcare system $21 billion annually, with a significant portion attributed to poor storage practices.
Improved Product Safety and Security
According to a U.S. National Library of Medicine study, temperature and humidity control systems can significantly reduce the risk of drug degradation and extend product shelf life.
Vertical storage solutions can provide controlled environments that regulate temperature, humidity, and light exposure, minimizing the risk of product damage and spoilage.
Many vertical storage systems also offer advanced security features such as access control, biometric authentication, and video monitoring to prevent theft, tampering, and unauthorized access. This can help ensure that products remain safe and secure at all times.
Support Your Pharma Company’s Growth
Vertical storage solutions can help you optimize space, streamline inventory management, and enhance product safety and security. By implementing SRS-i’s cutting-edge vertical storage systems, your company can save time and money while increasing productivity and scalability.
Don’t get left behind in the race for success – take the first step towards growth by exploring vertical storage solutions for pharma from SRS-i today. Contact SRS-i at (800) 589-7225 to schedule a consultation and discover how our vertical storage solutions for pharma can help your company thrive.