Tracking the Value of Traceability
The ability to track and trace products is fundamental to sound supply chain management.
The ability to track and trace products is fundamental to sound supply chain management. Traceability affects supply chain efficiency, product safety and security, managing deep tier risks, on-time delivery performance, troubleshooting customer issues, controlling costs, and regulatory compliance.
Now, another set of demands can be added to this list: government and consumer pressure to meet sustainability goals. Most industries—but especially consumer-facing ones such as food—are experiencing this pressure, and key to their responses is effective supply chain traceability.
However, while these demands are increasing and are extremely dynamic, traceability technology is confusing and, in a number of respects, behind the curve. Innovative solutions are being developed, but companies often struggle to justify investments in the technology.
This complete article is available to subscribers
only. Click on Log In Now at the top of this article for full access. Or, Start your PLUS+ subscription for instant access. |
Latest News
Are Your Data Visualizations Readable by Everyone? Supply Chains Facing New Pressures as Companies Seek Cost Savings February retail sales see annual and sequential gains, reports Commerce and NRF A Hoarding Explanation for the Post-COVID Inflation for Goods Digital Approaches, End-to-End Thinking Help Supply Chains Evolve More NewsLatest Resource
Vendor Evaluation Questionnaire for RFPs Don't miss out on the perfect Yard and Dock management software for your warehouse operations. Save time and stress with this handy Toolkit.All Resources
Download Article PDF |
The ability to track and trace products is fundamental to sound supply chain management. Traceability affects supply chain efficiency, product safety and security, managing deep tier risks, on-time delivery performance, troubleshooting customer issues, controlling costs, and regulatory compliance.
Now, another set of demands can be added to this list: government and consumer pressure to meet sustainability goals. Most industries—but especially consumer-facing ones such as food—are experiencing this pressure, and key to their responses is effective supply chain traceability.
However, while these demands are increasing and are extremely dynamic, traceability technology is confusing and, in a number of respects, behind the curve. Innovative solutions are being developed, but companies often struggle to justify investments in the technology.
SUBSCRIBERS: Click here to download PDF of the full article. |
Subscribe to Supply Chain Management Review Magazine!
Subscribe today. Don't Miss Out!Get in-depth coverage from industry experts with proven techniques for cutting supply chain costs and case studies in supply chain best practices.
Start Your Subscription Today!
Article Topics
It’s high time to go beyond visibility Driving supply chain flexibility in an uncertain and volatile world View More From this Issue