Supply Chain Traceability is a service that enables companies to trace the origins and journey of their products throughout the supply chain. This is done by monitoring and recording information related to each step of production, distribution, and sale of products, from raw materials to finished products reaching end consumers.
By using this service, companies can:
Ensure Compliance: By directly monitoring the supply chain, companies can ensure that all their suppliers and business partners comply with the established standards of quality, safety, and ethics.
Mitigate Risks: By knowing the origin of products and their components, companies can identify and reduce risks related to safety, environmental sustainability, and international trade regulations.
Increase Transparency: By providing transparent information to consumers, companies can build trust and loyalty, especially in terms of sustainability and business ethics.
Improve Efficiency: By better understanding how products move through the supply chain, companies can identify areas where processes can be improved to enhance operational efficiency and reduce costs.
The Supply Chain Traceability service typically uses technologies such as blockchain, IoT (Internet of Things), and integrated information management systems to record and track product information in real-time, thus providing better visibility into the supply chain.
