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On the Trail to Traceability

ON THE TRAIL TO TRACEABILITY CommercelnMotion.com The last decade has seen an unprecedented increase in the complexity of global supply chains. And as the challenges expand, so do the regulations protecting consumer safety. Where do your capabilities stand? CHALLENGE COMPLEXITY CONFIDENCE COMPANIES UNDERSTAND CERTAIN RISKS INVOLVED WITH RECALLS Which of the following represents your greatest risk associated with an inability to trace items in your supply chain? 30 28.1% Brand Reputation 20 24.2% Consumer Liability Financial Cost 15 18.0% 10 12.5% 11.7% Increased Government Oversight Loss of Market Share BUT MANY HAVE A LONG WAY TO GO ESPECIALLY WITHOUT HAVING TO TO MEET CONSUMER SAFETY NEEDS AFFECT OTHER AREAS OF THEIR BUSINESS OR PRODUCTS If you had to recall a specific item/lot, how quickly could your organization execute that recall? Could you recall an item without having it impact other items? WITHIN HOURS 48.4% YES 45.7% 54.3% NO DAYS OR WEEKS 51.6% SO, WHERE DO MOST COMPANIES FEEL THEY RANK IN COMPLIANCE? 5.5% 5.5% 6.3% 28.9% 53.9% Not Compliant Fully Compliant Partially Compliant but not Improving Fast Enough Uncertain Partially Compliant and Making Sufficient Progress SURPRISINGLY, MOST COMPANIES STILL FEEL CONFIDENT IN THEIR MAYBE COMPANIES STRUGGLE WITH COMPLIANCE BECAUSE THEY LACK THE PROPER TECHNOLOGY ABILITY TO TRACE ITEMS How automated are your trace processes? Ability to trace items across their supply networks. Entirely Paper- 9.4% Based/Manual Partially Automated 71.7% 65.6% Not Confident Somewhat Confident Very Confident Fully Automated 5.5% 28.9% 18.9% HOWEVER, IN THE END, THEY STILL REALIZE IT TAKES AUTOMATED PROCESSES TO ACCOMPLISH THE TASK! HAVE NO PLANS TO UPGRADE PLAN TO IMPLEMENT OR UPGRADE 55.1% 44.9% SYSTEMS WITHIN 5 YEARS Only time will tell, but the future looks brighter than the present as more companies embrace more technology to help solve more issues on The Trail to Traceability. RedPrairie 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 nearly 130 CPG, Life Sciences, and Food & Beverage companies, most of whom (-77%) represent companies greater than $50OM in annual revenue. ─░RedPrairie

On the Trail to Traceability

shared by RedPrairieCorp on Jul 02
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New research from RedPrairie reveals the concerns, challenges, and plans to overcome the challenges inherent in managing recall processes up and down the supply chain.

Publisher

RedPrairie

Designer

Monique De Salvo

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Unknown. Add a source

Category

Business
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