Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Sometimes, you can’t wait for industry titans to lead the way with the latest technology. Take H.D. Smith Wholesale Drug Co., the seventh largest pharmaceuticals distributor in the U.S., which earlier this year made the leap into radio frequency identification (RFID) technology. Employees at one of the Springfield, Ill.–based company’s five warehouses began to attach one-inch-square tags embedded with electromagnetic microchips carrying an elec- tronic product code (EPC) to all the prescription narcotics it distributes. Using RFID technology, the EPC chips make it possible to identify and track every single package separately.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.