From the course: Supply Chain and Operations Management Tips

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Track and trace your products

Track and trace your products

From the course: Supply Chain and Operations Management Tips

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Track and trace your products

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- You can't fix a problem if you can't see it, yet many companies are only able to see a tiny fraction of their supply chain, and that means they end up reacting to crises that could have been avoided if they'd only known what was happening. So let's talk about track and trace technologies and the important role that they can play in providing you with real-time supply chain visibility. To start with, let's map out a simple supply chain that we use as an example. Here we have a supply chain with three nodes: a manufacturer, a wholesaler, and a retailer. In between each of those nodes we have logistics providers who move the product on trucks, trains, airplanes, and ships. Retailers do their best to balance supply with demand, but the supply chain can actually be unpredictable. The manufacturer or wholesaler might need to close down because of a severe storm. A third party logistics provider might go bankrupt or a ship might sink. These things happen, but if you know where your…

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