Product tracking and tracing regulations are industrial guardrails that provide many benefits for businesses, consumers and the economy. These directives help enterprises reduce tax evasion, prevent counterfeit goods from entering a market, improve consumer safety, protect brand reputation and enhance control over supply chains.
Now commonplace in the Pharmaceuticals & Life Sciences industry, tracking and tracing regulations are gradually being introduced into other industries, such as Food, Beverage & Tobacco, Aerospace & Defense, and Retail, Fashion & Consumer Goods. Governing organizations and public bodies are evaluating how to apply tracking and tracing models to ensure the integrity of their complex supply chains. However, before they can introduce a centralized regulatory regime or model, they must first establish a regulatory platform to receive reports and data from the regulated supply chain participants.
Engineering Industries eXcellence offers an accelerator solution for a regulatory compliance platform developed for the public sector. Based on the latest technology and GS1 standards, it provides a base for the implementation of all core capabilities needed to implement a regulatory regime for digital tracking and tracing.
● Support requirements gathering exercises or evaluations● Prototype or pilot business strategies, allowing a regulator or similar organization to conduct tests and trials● Upgrade to a fully operational regulatory platform● Enhance insights by selecting from a range of supplementary components once operational● Store all master and transactional data in a GS1-compliant repository
● Improve health status and consumer safety by fighting counterfeiting and grey markets● Secure taxes from pharmaceuticals products and other product groups● Control product movement across national borders● Enable full visibility of serialized items on the market● Ensure security, safety and reliability of the entire supply chain
Engineering Industries eXcellence has broad technical expertise, deep regulation knowledge and an innovative solution portfolio that makes us a power player in the arena of supply chain traceability and compliance. Our global team of Digital Supply Chain (Tracking & Tracing) experts has been delivering traceability projects to organizations worldwide for over a decade. By connecting the entire supply chain, our integrated digital solutions provide real-time visibility across global value chains, harmonizing product information from raw material to end-of-life.
