Supply chains work as a circulatory system for society. Issues in supply chains are the causes of losses, overproduction, and environmental changes. Today's social environment requires global changes in supply chain management. We should redraw the work of manufacturers, retailers, and logistics companies with the help of technology. It should be a global digital transformation of a wide range of current business models.
Digitization will stop the disadvantages of supply chains for suppliers, manufacturers, logistics companies, retailers, and end consumers.
Goods must remain safe. However, companies cannot meet this simple requirement when the supply chain is untraceable. When controls are not enough, attackers can throw in hazardous counterfeit products.
The European Observatory on Infringements of Intellectual Property Rights, and the Organization for Economic Co-operation and Development (OECD)
estimated the number of forged drugs in EUR 4.03 billion. This does not mean only a loss for pharmaceutical companies. It is an immense threat to the health and lives of consumers. Counterfeiting in other industries also poses a risk: poor-quality products, food, clothing, and household items are unsafe for consumers. To prevent this, you need to make it controlled and traceable.
We offer FCE IoT sensors for embedding in warehouses and containers to track the goods from manufacturing to shops. You can monitor every movement and change in the condition of your goods. Brands can be fully confident in their goods when their shipping containers equipped with FCE IoT sensors. No unnoticed manipulations are possible: the products will not be unauthorizedly extracted, and original products will not be replaced by counterfeit. Such a system will not miss unauthorized and unsafe products on store shelves.
Source: Issues in supply chains are the causes of losses
Source: Today`s social environment requires global changes
Source: Digitization will stop the flaws of supply chain
Misuse of resources
Manufacturing is not flexible enough. The methods of production are fine, but the lack of predictability
of demand is an obstacle. Extra goods will be sold cheaply or will remain unused. The lack of good creates difficulties as well, driving to higher prices and disappointment of consumers. Technology makes demand more predictable through automated analysis. Constantly updated amounts of data propose how demand will change in the future. Thus, the manufacturer will be able to set its production to avoid losses.
FCE Platform technologies
help plan resource consumption and store the product with maximum accuracy. Production optimization is a cost-saving for the manufacturer and the protection of the environment. Overproduction is responsible for the unlimited use of chemical fertilizers and freshwater, as well as high levels of air, land, and water pollution. If we produce as many goods as we need and avoid permanent overproduction, we will cure both our economy and our environment. We must use technology so we can do the proper analyses and calculations.
Supply chains may consist of a dozen parties or more. There should be a well-built connection between the suppliers, logistics, merchandisers, and the manufacturer. Technology that provides trustworthy data to each member of the supply chain will prevent confusion, inaccuracies, and conflicts between the parties. Communication and trusted and secure information are the keys
to effective supply chain management. FCE Platform flips the classic retrospective data collection system and uses data in real-time for analysis and decision-making.
We need to know what happens with goods, throughout production, storage, and transportation. Only in this way we will make production resource-efficient, the work of logisticians coordinated, and the products safe and high-quality. We have no right to leave the world in disarray when the digital age comes. Now is the time to make decisions and apply FCE technology.
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