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On The Trail to Traceability

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Commerce in Motion commissioned this study to gauge the current state of our ability to effectively track, trace, and recall products, both inside the enterprise and up and down the supply chain. We surveyed supply chain and operations executives from close to 130 CPG, Life Sciences, and Food & Beverage companies, most of whom (~77%) represent companies greater than $500M in annual revenue.

The study yielded some interesting results...

Published in: Business, Technology
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On The Trail to Traceability

  1. 1. On the Trail to Traceability New Legislation and New Complexity Lead to New Challenges#CommerceInMotion
  2. 2. Sleepless NightsTraceability Concerns Keep Us Up at Night…• Financial Cost 28%• Brand Reputation 24%• Consumer Liability 18%• Government Oversight 12%• Loss of Market Share 11% 2
  3. 3. “I Can Execute a Recall...” Within Hours Within Days/Weeks 52% 48% Cause for Concern 3
  4. 4. 86% Financial liability if something goes wrong77% items don’t reach consumer Cost of assuring affected69% Coordinating recalls with suppliers & distributors61% Isolating affected items in their supply chain Concerns Abound 4
  5. 5. Staying Compliant? 46% not fully compliant with current traceability regulations#13198860 5
  6. 6. Recall Costs Rising the average recall now costs$10M (plus brand damage and lost sales) Source: GMA, FMI, Deloitte and GS1 6
  7. 7. 93% of consumers believe recall handling indicates whether a company cares more about profits or customer safety * Princeton University/The Relational Capital GroupWith Challenge Comes Opportunity 7
  8. 8. 87%of consumers are more likely to purchase from companies that manage recalls “honestly and responsibly” * Princeton University/The Relational Capital GroupWith Challenge Comes Opportunity 8
  9. 9. Not Nearly Enough Automation81%of traceability processes are either completely paper-based or only partially automated 9
  10. 10. 55% plan to implement or upgrade systems within the next 5 yearsUpgrades are Looming 10
  11. 11. Tech: Enabling Intelligent Supply ChainsDynamic Adjustments• Rules• Constraints Sense Real-Time Monitoring • Temperature/Quality • Demand/Price• Policies • Inventory/Orders Act ReactReport Trends/Identify Opps Dynamic Decision-Making• Product Quality • Product/Waste• Facility/Vendor Performance • Fulfillment Alternatives• Employee Performance Learn • Staffing 11
  12. 12. Tech’s Five Drivers of Smart Supply Chains1. Intra-/Extra-Enterprise Visibility Across All Data Types -Inventory and Orders Across the Network -Complete transaction history for all product movements2. Reliable and Timely Holds Execution3. Effective and Thorough Recall Execution4. Comprehensive Reconciliation Processes5. Comprehensive Reporting 12
  13. 13. An Intelligent Supply Chain at Work Wholesaler, Distributor, Manufacturer Retail 3pl & Carrier Temperature drops below All affected product is Sub -standard product never threshold. Alerts sent to located, isolated and enters supply chain preservingappropriate decision makers. rerouted, returned or destroyed. safety and security. Sense React Act Learn 13
  14. 14. RedPrairie Traceability Solution Reconciliation RPWMS Visibility3rd Party WMS Hold/Recall 14
  15. 15. Commerce In MotionSponsored by…RedPrairie 15
  16. 16. CommerceInMotion.comFull Study NowAvailable Online #CommerceInMotion 16
  17. 17. Thank YouDavid.Bruno@RedPrairie.com#CommerceInMotion

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