Canadian Pharmaceutical Industry Renews its Commitment to ECCnet Registry to Harness Data Synchroniz Canadian Pharmaceutical Industry Renews its Commitment to ECCnet Registry to Harness Data Synchroniz
 
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Canadian Pharmaceutical Industry Renews its Commitment to ECCnet Registry to Harness Data Synchronization Benefits and Boost Supply Chain Efficiencies

TORONTO, ON, April 28, 2006 – In a major step towards accelerating the efficiency of the pharmaceutical supply chain in Canada, five leading retailers and distributors have announced their renewed commitment to GS1 Canada’s ECCnet Registry, Canada’s national product registry.  AmerisourceBergen Canada Corporation, The Jean Coutu Group (PJC), Inc., Loblaw Companies Ltd., Shoppers Drug Mart Corporation and Sobeys Pharmacy Group (Lawtons Drugs) are now actively synchronizing product data with their trading partners through ECCnet Registry to improve business efficiencies.  Data synchronization – the process of sending, receiving, and updating data between multiple systems – through ECCnet Registry ensures that all partners in the supply chain have access to accurate information that support a wide range of business processes, improving the efficiency of the supply chain. 

“Active participation by leading retailers and distributors is a significant milestone for the pharmaceutical industry in Canada as it validates the benefit level that data synchronization and ECCnet Registry brings to improving the efficiency of the supply chain,” said Art Smith, CEO of GS1 Canada.  “This shift towards data synchronization by the pharmaceutical industry also sets down the foundational element of future product identification technology initiatives including electronic product code and radio frequency identification (EPC/RFID),” he continued.

Collectively, ECCnet Registry supports over 2,200 vendors and more than 40 major retailers and distributors across a diverse base of industry sectors, including grocery, pharmacy, and foodservice sectors.  Since 2004, the pharmacy sector has experienced significant benefits from integrating ECCnet Registry into business processes as vendors have ensured that information, including more than 80% of pharmacy products, are available through the registry.  Product information for over 10,000 over-the-counter (OTC) products, 6,000 pharmaceutical (Rx) products, and 400 behind-the-counter (BTC) products are now contained in the registry. 

“Together with our trading community, Sobeys has experienced significant benefits from integrating ECCnet Registry into business processes for the grocery sector.  Based on these positive results, Sobeys Pharmacy Group is now implementing ECCnet Registry for all products, including pharmaceuticals,” said Ray MacDonald, Senior Vice President, Pharmacy, Sobeys Pharmacy Group.  “We look forward to experiencing the benefits of data synchronization, including the reduction of order and invoice discrepancies and improved speed to market with our trading partner network.”

“Shoppers Drug Mart has decided to proceed with the use of ECCnet Registry for our pharmaceutical products,” said Virginia Cirocco, Senior Vice President, Pharmacy, Shoppers Drug Mart and Chair of the Canadian Association of Chain Drug Stores (CACDS).  “We are making this decision to further capitalize on the benefits we have experienced with the data synchronization of front shop products since we implemented the Registry in 2003,” she continued.

“Since its inception, Le Groupe Jean Coutu has been a strong supporter of the ECCnet Registry and we access the data on a continual basis,” said François Coutu, President, Le Groupe Jean Coutu.  “In order to reap the true benefits of the Registry and move toward a paperless listing process, we look to our pharmaceutical trading partners to complete the loading of product information.”

Data synchronization across the supply chain reduces costs due to information errors, resulting in greater efficiency in key business processes, including:

  • improved purchase orders and invoicing
  • lowered logistics and transportation costs
  • reduction in out-of-stocks and mis-shipments
  • elimination of on-shelf merchandising issues due to incorrect product specifications 
  • greater speed-to-market for new product information.

About GS1 Canada
GS1 Canada is a not-for-profit organization that promotes and maintains global standards for the identification of goods, locations and related e-commerce communication, such as bar code issuance and maintenance. GS1 Canada is the only authorized source for globally unique company prefixes in Canada, a standard term and condition of trade globally.  It provides a range of educational opportunities, maintains Canada’s national product registry, and offers one-stop access to product images and dimensions.  As technologies like Electronic Product Codes (EPC) and Radio Frequency Identification (RFID) continue to drive the e-commerce revolution, GS1 Canada will provide the leadership to help ensure that Canadian companies can participate competitively. For more information, visit www.gs1ca.org.
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For more information, contact:
Mary Fuochi
GS1 Canada
416-510-8039 ext. 2125
Mary.Fuochi@gs1ca.org