Life Science Contract Manufacturing Gains Predictable On-Time Production with TraceLink's Production Tracking Solution

Woburn, MA (PRWEB) May 4, 2010

The new Production Tracking solution by TraceLink helps virtual production teams seeking to drive outsourced manufacturing collaboration and improve production life cycle visibility. Finally, pharmaceutical, biopharmaceutical and medical device / equipment companies can partner with their contract manufacturers(CMOs) and packagers (CPOs) to create a common view of production status through Production Tracking’s planning and execution capabilities.

With Production Tracking, life science companies and their contract partners can:

•     Track production status across the manufacturing life cycle

o    Track production runs and work order status for individual PO line items
o    View line item progress against key milestones such as material readiness, quality review cycles and product delivery
o    Track production milestone status against days-to-delivery throughout the life cycle
o    Gain insight through related notes and documents attached to the production order

•     Proactively identify and address production issues and process exceptions

o    Quickly lock in on production orders needing immediate attention
o    Visually scan production dashboard to identify and investigate orders not tracking to plan

•     Facilitate online purchase order collaboration and tracking

o    Create, review and finalize purchase orders online instead of using phone, FAX and email
o    Quickly approve, reject and modify order components and line specifications as needed
o    Agree on and confirm quantities and delivery dates
o    Split delivery of PO line items based on production readiness

•     Enable contract manufacturing collaboration across the supply network

o    Get connected and collaborating with Tier-1 and small customers, suppliers and partners
o    Invite manufacturing, materials, quality, project management and other team members into the virtual team workspace

•     Optimize contract manufacturing efficiency

o    Monitor and analyze KPIs such as on-time delivery, order fulfillment accuracy and manufacturing cycle times
o    Standardize purchase order processes across diverse customers, partners and suppliers

•     Reduce risk in supply chain planning

Production Tracking is part of the Predictable Supply Suite, an integrated supply chain collaboration solution encompassing Materials Tracking, Inventory Monitoring, Quality Review and more. TraceLink solutions are cost effective and accessible for all members of the global life sciences supply chain via:

•     Flexible subscription offerings scalable for individual teams, departments and entire corporations
•     FREE TRIALS that let contract manufacturing teams test-drive the solution with no obligation

Getting started with Production Tracking takes only minutes. Users can signup online and quickly discover the visibility and control over the manufacturing process they will gain. In addition, guided online demos are always available by requesting a Private Demo anywhere on the TraceLink website.

About TraceLink:

TraceLink helps brand owners, suppliers and contract partners create a predictable manufacturing and supply network by providing them with software solutions that enable execution of any business process with any partner at any time in a secure business cloud. Combining a team collaboration platform with instrumented business process modules, companies can establish an inter-company business process web that enhances the performance, quality, and timeliness of their global manufacturing and supply network operations. With visibility across the production lifecycle, companies increase control of manufacturing and distribution operations, improve operational performance and reduce production scheduling risk.

TraceLink's Predictable Supply Suite solutions are available online via monthly subscription and are scalable to meet the needs of Top 20 pharma/medical device companies, startup biopharma firms and contract manufacturers of all sizes.

TraceLink is funded by FirstMark Capital, a venture capital firm managing more than $2 billion in capital commitments. For more information, visit http://www.tracelink.com.

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