Skip to main content

Product traceability – A way to enhance supply chain efficiency and reduce costs

In these turbulent times, the technological revolution has taken over the various industries worldwide and the supply chain is no exception. Various industries are estimating the challenges presented by the situation and making strategies to overcome these by realigning the processes. It is also considered necessary for businesses to evolve with changing marketplace trends, consumer buying patterns, delivery expectations, and restructuring market synergies.

Latest developments and trends in the supply chain have put more emphasis on technology-driven processes to reduce operating costs and increase efficiencies. Digitization in the supply chain means faster processes and better visibility using the technological solutions. One such digitization is aimed at achieving better visibility to the movement of goods in the supply chain. It is known as product traceability.

Although most people equate traceability with product recalls, however, the traceability program is much more than just that. If your company is searching for opportunities to automate the manufacturing line and development schedules, a product traceability program is worth considering as it will not only help you achieve only that but also brings in varied other business benefits.

Traceability refers to the organization’s ability to identify, track, and trace elements of a product/consignment as it moves along the supply chain from raw goods to finished products. To ensure a smooth and error-free supply chain operation, GS1 India has come up with a seamless traceability service that enables manufacturers to easily track and trace their products, right through the journey from origin to the point of its sale and consumption. Effective traceability solutions not only help companies to respond to the problems (such as product counterfeit and need for recall) immediately but also anticipate and prevent them.

To maintain an effective traceability system across trading partners, it is important to uniquely identify either batches or individual units of products. The extent of traceability is decided by the objective that the manufacturer is trying to achieve by using a traceability system.

Most of the product manufacturers track up till the batch level to ensure targeted and efficient recalls; however if the business is aiming at effective counterfeit detection for high value items, it is worth considering a unit-level tracking of products.

GS1 India’s Traceability Solution provides manufacturers/brand owners with all the necessary framework to enable both — unit and batch-level traceability of their products across the complete supply chain.

It is also easier and more effective to achieve traceability using the global GS1 standards because these standards are technology and vendor independent, and enable all trading partners (big or small) to use a common system and compile/record information in a common manner.

Benefits of GS1 traceability solution

  • Counterfeit detection, detecting frauds, etc., to preserve the reputation and identity of the company
  • Having accurate and precise product information and control over the movement of the products as when they move in the supply chain to ensure no pilferage/wastage.
  • Targeted product recall, whenever required
  • Reduction of operational costs over a period of time
  • Elimination of manual errors, leading to operation efficiency
Therefore, the need of an hour is to take advantage of the benefits of GS1 India Traceability Solution and remain competitive in the marketplace.

Don’t just wait, avail for GS1 India’s Traceability Solution.

To know more, visit: https://support.gs1india.org/traceability-service-consultation

Labels:

Comments

Post a Comment

Popular posts from this blog

DataKart: National Repository of Information on Indian Retailed Products

 Reaching out to customers with accurate product information has never been more competitive and difficult for retailers than today. This is majorly because of the ever increasing complexity of business processes with ever increasing consumer demands of more and more product information. As we move from single-channel retailing to multi-channel retailing, the need for better and efficient product data management has become critical. Listing new products as soon they are launched in the market is critical to ensure that they consumers don’t go back without making sales. This is directly proportional to a retailers/e-tailers’ ability to quickly receive and update information on new products from several suppliers and present it to retail shoppers as per the requirement of the retailing channel, ensuring seamless shopping experience.  However, in the real world scenario, most of this product information is compromised (and lost to some extent) in the process of receiving the sam...
Post a Comment
Read more

Learn About the Benefits of Having GS1 Barcode Numbers On Your Product

 Having spent a lot of years visiting retail stores and outlets, we all must have witnessed a barcode on the packaging of the product that displays a specific pattern of stripes. What we also do notice is that these lines are composed of some numbers or codes which are framed to be scanned by optical readers. Since the lines correspond to a list of numbers, it gets easy to look up any product with a barcode simply by matching those numbers to an entry which is made in a database at the check-out of a retail store. It is interesting to note here that barcodes also play a key role in supply chains, enabling parties like retailers, manufacturers, transport providers, etc., to automatically identify and track products as they move from manufacturing units to the consumer, and hence enable product recalls, detect counterfeits, etc.. What is a genuine barcode number? As we understand the many benefits of barcode numbers, it is important to know that not all barcode numbers can provide th...
Post a Comment
Read more

GS1 Traceability Service Enables Complete Track and trace of Their Products Across the Supply Chain

In today’s consumerist economy, the sale of a good or service is not merely a transaction – it is a brand promise that what is being sold to a consumer is genuine. The idea that a product isn’t what it's seller claims it to be is highly detrimental to consumer perception. The trust that is built gradually over time depletes instantly and damages the brand, delivering a possibly fatal blow to future sales. Long term sales, an important parameter of overall business success, is compromised when a consumer is given a product that is inauthentic, inferior, or unsafe. A brand’s social dimension, defined by the information shared by consumers online and through word-of-mouth, also takes a hit. With their aggressive focus on product data quality , today’s consumers are also acting as activists, taking action against brands that do not deliver on what they promise. Counterfeit products like medicines, faulty medical devices, contaminated foods and unreliable sourcing practices threate...
Post a Comment
Read more