The Benefits of Product Traceability
While most people associate product traceability with food recalls, a traceability platform offers much more than just that. If your organization is looking for ways to optimize the production line and manufacturing timelines at your facility, a product traceability platform is a fundamental first step. By allowing you to collect data and monitor every step of the production process from the moment raw materials arrive at your facility all the way to distribution, a product traceability solution allows you to achieve an optimal balance of supply and demand. Wondering what other benefits a product traceability software solution can offer your organization? Let’s get started.
Centralized Inventory Management
If you’re using multiple platforms to track and trace your supply chain, it’s only a matter of time before someone forgets to source materials, and you don’t realize it until you need the materials for the manufacturing process. A product traceability software solution allows you to see exactly how much inventory you have on hand, on order, and in use all in on one platform. That way, your team can quickly assess inventory status in one place to make sure you always have what you need on hand when you need it. By centralizing inventory management on a platform that updates in real-time, your organization can minimize the risk of miscommunication or reorder errors.
Improved Quality Control
Because product traceability software associates unique codes to each product or batch, your quality control team can mitigate the chance that mistakes slip through the gaps. With unique identifiers, your team can quickly pinpoint the source of the problem and screen any similar products with potential flaws before moving forward. A comprehensive product traceability platform actively reduces the risk of a product recall, especially if you work in an industry that deals with food products or safety equipment.
Powerful Data-Driven Insights
When you empower your team with one centralized tool to track every step of the production process, you no longer have to worry about making “educated guesses” when it comes to decision making. With intuitive reporting tools, a product traceability solution allows you to ground all of your decisions in reality. Whether you’re trying to decide how much aluminum to stock at any one time, or you just want to see how much you’re spending on polymer each month, a product traceability program tracks metrics in real-time, so they’re always just a quick click away.
Maximize ROI
When you invest in a product traceability platform, expect for the investment to pay for itself. All it takes is one averted product recall for the investment to cover the cost of the platform. At the same time, a traceability solution simplifies supply chain management, so you’re never investing in more than you need while always ensuring you have what you need when you need it.
By ensuring that you’re only delivering the highest quality products to your customers, you can have the peace of mind that your organization is consistently living up to the standards you espouse. The steps you take to keep your customers happy directly affects retention rates, quickly delivering a return on your investment.
The Traceability Experts
The team at HEXA Engineers already has hands-on experience helping organizations develop and deploy product traceability platforms, and we’re here to help you next. Read a case study on a traceability system we designed and deployed to start exploring how manufacturing traceability can transform your operations while preparing you for the challenges of tomorrow.
