Cost-savings of 5-15% with RFID enhanced distribution.
Reductions in recall scope of 85-90% in some cases with RFID
Faster, More Accurate Recall
Navigating product recalls can be a daunting task. Traditional recall methods usually involve removing a large number of products from shelves. Even if they are not affected. The approach is expensive and damages trust and reputation.
RFID traceability helps with targeted recalls. By tagging products with RFID, you track and pinpoint the exact location and status of every item. In the event of a recall, this granular visibility allows you to identify and retrieve only the affected batches. Leaving the rest to continue on their journey to the shelves.
The result? A faster, more accurate recall process. One that reduces operational disruptions, financial drain, and waste. Moreover, by demonstrating a competent and responsible recall strategy, you preserve and even enhance consumer trust. Laying a strong foundation for lasting customer loyalty.
Establish a clear lineage for each product, assuring customers of authenticity and quality.
Minimise overproduction and manage resources efficiently, contributing to a more sustainable operational model.
Supply Chain Efficiency
The modern supply chain is a complex system of interdependent entities. Each crucial to ensuring products move seamlessly from production to consumers. However, this can breed inefficiency. Especially when visibility is lacking. Delayed shipments, misplace inventory, and inaccurate forecasting are common challenges. All of which can hinder operational efficiency and increase costs.
By adopting RFID traceability across your supply chain, you gain accurate insights into the status of every product. Down to the item level if you want it. With this level of visibility you can forecasting and manage inventory better. You can also identify any bottlenecks in the process and address them
Global trade in counterfeit goods worth at least $700 billion per year.
Source: Trade In Fakes Grows