Frequentz, a leader in real-time traceability and information management software, has officially launched its Information Repository & Intelligence Server (IRIS), an event-driven traceability server that provides organizations (manufacturers, distributors, suppliers, retailers and government agencies) complete visibility across the life cycle of a product. Combining Frequentz's data traceability technology with IBM's InfoSphere Traceability Server, acquired by Frequentz in November 2012, IRIS becomes the industry's most comprehensive and scalable track-and-trace technology.
IRIS allows pharmaceutical/life sciences, agricultural, industrial (aerospace, automotive, chemical) and retail clients to track, trace and store all information around product development and supply chain logistics in a central, serialized data repository. Whether leveraging the technology for the purposes of gaining greater visibility, tracking food from farm-to-fork or reducing risk of exposure, IRIS provides clients real-time access to the complete life history and quality assurance of a product from manufacturing, through distribution to point-of-purchase. This capability is critical in the event of a product recall or suspected fraud and counterfeiting.
"It is critical for businesses that manufacture drugs, automotive parts and consumables to pinpoint their products' movement from creation to sale. Capturing and being able to analyze the data provided by track-and-trace both saves and drives revenue - and in the case of pharmaceutical and food and beverage products, it can save lives," said Michael Lucas, CEO, Frequentz. "IRIS provides customers with powerful, actionable intelligence into every aspect of their operations, ensuring compliance and livelihood for the businesses we service, while improving the lives of consumers."
Currently, IRIS has been selected to track-and-trace 67 percent of the drugs distributed by US pharmaceutical companies; 62 percent of the leafy green organic produce distributed in the US; and parts distributed by 30 percent of US automotive franchises.
Key benefits of IRIS include:
• Visibility into inventory, Good Manufacturing Practices, and chain of custody
• Bundled intelligence to enable rapid development of custom applications
• GS1 compliant and harmonized EPCIS for easy supply chain management
• Flexible deployment models
• High performance run times
• Scalable applications
• Adaptable interoperability with various regulatory and trading partners
• Track-and-trace analytics
• Robustness that surpasses 1million event records daily
• Discovery of contaminated products
• Mandated API and facility identifier track and trace
