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These are just a few of the many problems which have been the reason for companies to opt for digitization of their supply chain process.u00a0Technologies such as RFID solution, smart labels and wireless sensory networks enables the products to communicate with a cloud software.
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How a Digital Supply Chain Improves Business Decision Making
Introduction • Since the COVID-19 outbreak, we can see shifts of every industry towards digitization. • Supply chain processes have seen digitization in every aspect such as shipping status, ordering process, inventory and warehouse management and gathering data related to the processes. • Traditional tools are focused on each individual function of the supply chain such as alerts and updates of shipping information after manual data entry to inform the subsequent people about the activity. • Along with the manual dependency, traditional supply chain tools need to acquire data over a period of time and run algorithms manually to gain insights on spends, demand and supply pattern.
How can you digitize your supply chain? • We can digitize your supply chain in following ways: • Dentify the starting position and embed smart tags • Define your use case • Gather Data for Analysis
Identify tstarting position and embed smart tags • It is important for a company to know which part of the supply chain they want to start tracking. • This can differ from company to company such as an electronics company may want to track and trace the supply chain process right from the sourcing of raw material whereas in case of Pharma the finished good will be the starting point and the product journey of the goods outside the factory will be focused on! • Once your product is digitized with technology like RFID solutions or intelligent packaging, it can start communicating with the cloud about the status of its journey in the supply chain after each scan.
Define your use case • Digitization of supply chain is key to encouraging transparency and visibility while controlling replenishment, maintenance, production, transportation, delivery and customer satisfaction, as well as driving efficiencies and mitigating risk. • We can achieve each of these aspects, however it is important to define the problem area and recheck if the system in place has been used in the most efficient way to achieve the desired result. • Technologies such as RFID solution, smart labels and wireless sensory networks enables the products to communicate with a cloud software through the internet by means of intelligent packaging. • This can mean that inventory management is made better through FIFO or whether reverse logistics is made efficient with the use of a digital supply chain.
Sepio Products • Sepio Products is an IoT platform focused on transforming supply chain security and efficiency by creating unique digital identities for products and shipments and tracking them through their lifecycle. • Sepio is industry leader in security products and solutions • Sepio has more than 2000 happy customers. • Sepio has rich experience in supply chain & digital technologies. • For more information about Digital Supply Chain, visit to How a Digital Supply Chain Improves Business Decision Making
Sepio Products For more information visit our official website sepio products