Product Traceability
Challenge
Incidents of counterfeit goods, spoiled or lost inventory and product contamination place brand names at risk. Now more than ever companies need to ensure the safety and integrity of their products not just within their four walls but along the entire supply chain. With increasing industry regulations and buyer demands, rapid risk mitigation tools are becoming essential.
Incidents of counterfeit goods, spoiled or lost inventory and product contamination place brand names at risk. Now more than ever companies need to ensure the safety and integrity of their products not just within their four walls but along the entire supply chain. With increasing industry regulations and buyer demands, rapid risk mitigation tools are becoming essential.
- Solutions
- TraceTracker’s traceability products, solutions and services help companies protect against risks and increase buyer confidence through supply chain visibility. The solutions provide insight into the history and movement of individual products and trade units. By aggregating product data from within companies and across supply chains, companies can comply with regulations while demonstrating their commitment to quality, safety and security. This new level of supply chain visibility enables additional benefits such as streamlining operations and differentiating products.
- Levels of traceability
- TraceTracker’s traceability solutions such as the TIX work on two levels, both internally and between supply chain partners.
- Internal Traceability – combines data from integrated or disperse internal IT systems within a single business unit or across an entire enterprise. (See TIX Basic)
- Whole-chain Traceability – enables trading partners to exchange product data across whole value chains. This includes, managing information from upstream suppliers and, sharing traceability information with select downstream customers or authorities. (See TIX Premium)
- Use Cases
-
- Anti-counterfeiting- Track and trace products such as pharmaceuticals so you can verify the authenticity of suspected counterfeit goods.
- Cold-chain management- Track the temperature of products as they move through the supply chain to identify when temperatures breaches occur.
- Customer communication- Communicate sourcing and traceability details with your buyers or the final consumer to prove compliance with requirements and to boost buyer confidence.
- Market access- Compile sourcing documentation to access lucrative foreign markets.
- Recall management- Implement a recall or withdrawal internally or with trading partners.
- Shelf life management- Expedite products with the shortest shelf life first.
- Shipment verification- Use sourcing and traceability data to check the number of received goods against the number received and inform suppliers with discrepancies arise.
- Sustainability- Collect and aggregate traceability data related to sustainability on a single platform.
Contact us for a demo today!
