Trace a product's journey and glean crucial insights into its lifecycle with Trace360.AI
Get StartedTrace a product's journey and glean crucial insights into its lifecycle with Trace360.AI
Trace a product's journey and glean crucial insights into its lifecycle with Trace360.AI
The modern supply chain, a complicated maze of links and nodes, keeps the economy and market moving forward. The central cog in this machinery, the end product, undergoes a linear journey from the point of its origin to the point of destination. And when this journey remains invisible or untraceable, it becomes difficult to identify and act on issues. Navigating this maze demands a paradigm shift in how businesses operate. As consumer preferences shift towards timely, sustainable products, and regulatory requirements increase, the industry must adopt a circular supply chain that is transparent and cost-effective. But what’s at stake?
| Brand Reputation, Financial Repercussions Due to Lack of Visibility during Recalls | Compliance and Data Standards |
|---|---|
| Traceability makes it easy to manage recalls efficiently and quickly, as delays and indecision during recall would damage brand reputation and lead to heavy losses. According to Sedgwick, nearly 1.5 billion products in the US were recalled in 2022. A prime example is Kellogg’s $110 million loss in product recalls because of salmonella contamination in one of its cereal products. | Regulatory compliances are getting stricter by the day. E.g., section 204 (d) of the FDA Food Safety Modernization Act specifies that establishing traceability is one of the core elements of its New Era of Smarter Food Safety Blueprint. Yet, the lack of standardized data across the supply chain industry hinders a unified, industry-wide approach to E2E traceability. |
Imagine a supply chain that breathes and evolves with your business, each link seamlessly connected from the genesis of a purchase order to the final product resting in the hands of the consumer – that not only tracks and traces the physical journey of a product but also its metamorphosis from raw material to finished goods.
Tredence Trace360.AI is one such solution that helps supply chain professionals track and trace products at any given stage, manage recalls with surgical precision, forecast inventory needs, and improve the efficiency of supply chain operations. With Trace360.AI, organizations can achieve a 4-5% reduction in recalls, a 20-30% decrease in excess inventory and obsolescence, a 25-35% reduction in lost sales, and a 4-5X productivity improvement through interconnected data models and improved collaboration.
A top-tier US food-service supplier faced the challenges of managing fragmented data and inventory across 4,500+ products. They joined forces with Tredence to create a strategic solution that can integrate inventory, sales, and supplier performance, fostering deep, granular insight across the supply chain.
We helped the client build a custom, agile, and scalable solution that brought strategic visibility—allowing for granular tracking and evaluation of metrics from customer to supplier. It opened new frontiers in assessing performance and geographical impact, resulting in:
90% reduction in inventory and sales analysis time
Enhanced data visibility, from category to item level
3% increase in in-stock inventory
11.7% boost in sales and a 6.1% rise in gross profit
Thread together the complex supply chain network with precision using Trace360.AI’s traceability and predictive capabilities
Track and trace an item's movement from origin to destination, encompassing suppliers, manufacturing plants, distributors, and retail stores, thus, enhancing visibility to identify and resolve potential issues throughout the supply chain.
Locate and identify items under investigation or facing recall. Manage and mitigate associated risks by pinpointing the source of the issue, enabling a detailed cost analysis up to the nth tier. This facilitates better decision-making by highlighting the most cost-effective recall strategy.
With the Automated Root Cause Analysis feature integrated into the platform, identify nodes where issues could have occurred by tracking customer feedback and abnormal complaints across various channels. Determine common problems, assign risk ratings, and weigh associated costs while making informed recall decisions.
Maximize sales by accurate and timely inventory replenishment based on consumption forecasts and strategic rebalancing recommendations. Proactively tackle inventory expiration and obsolescence issues with enhanced visibility and alerts. Manage inventory expiration and obsolescence issues proactively with enhanced visibility and alerts.
The solution employs predictive analytics to identify potential future issues in the supply chain. It allows for early detection of problems before they spread. During recalls or when regulatory bodies request reports, Trace360.AI expedites investigations by tracing the entire supply chain.
Why choose us?
One-click tracing function
Built on Graph DB for faster, efficient tracing
Trace 360.AI adheres to regulatory standards
Industry agnostic
Powering industry AI for world’s most disruptive companies
8 out of 10 top retailers
powered by Tredence AI insights
8 out of 10 top CPGs
powered by Tredence AI/ML solutions
2 out of 10 top telcos
are powered by Tredence customer analytics
Trusted by World’s Leading Enterprises. Endorsed by Hyperscalers and Leading Independent Analysts
