The material traceability solution is a network that connects members of the supply chain and enables them to collaborate and share material genealogy data. This data includes product attributes, batch classification, serialized product data, carbon footprint information, outbound delivery, and purchase order details. With this data, the material traceability network can build up a comprehensive picture of the relationships between all elements of the supply chain. Consequently, recalls and product provenance checks can be performed accurately and quickly for both companies and end-consumers.
The Material Traceability Solution offers a myriad of benefits for companies in the supply chain. It can help improve accuracy, accountability, and visibility into the product lifecycle, as well as boost efficiency and reduce costs associated with recalls and quality assurance. With comprehensive data at their fingertips, businesses can make better informed decisions more quickly, ultimately leading to enhanced customer satisfaction and loyalty. Moreover, traceability networks allow companies to audit their material sources for compliance with ethical standards.
This gives peace of mind to members of the network who have faith in the products they are selling or buying.
