Tracking the Value of Traceability

This is an excerpt of the original article. It was written for the December 2015 edition of Supply Chain Management Review. The full article is available to current subscribers.

December 2015

It’s December, and time once again for our annual Executive Guide to Supply Chain Resources. This is a comprehensive guide to services, products, and educational opportunities targeted specifically to supply chain professionals. The editors at Supply Chain Management Review wish all of our readers a successful year to come.

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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.

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