What is Source Tracking?
Customers today demand traceability of the goods they buy. Commonly termed Source Tracking, the idea is that the buyer should be able to find the source data of the goods they buy in the shop.
How is it done?
There are many ways to do that. One way is using block-chain system to add every transactional data into a immutable data repository — effective but a little elaborate if not too expensive.
QR codes offer a versatile and powerful solution that enhances traceability, improves efficiency, and saves costs. QR Codes offer both uniqueness, authenticity at almost negligible cost. Simply using a smartphone App, generate QR Code and fix it to the product. This is called source tagging or tagging at the source.
As the goods move through the supply chain, workers scan the QR code fixed on each item and in that process creates logistical trail for the item — all records are retained and thus provides the traceability for the buyer.
Benefits
Enhanced Traceability
QR codes enable accurate and detailed tracking of products from origin to distribution.
Real-time Inventory Visibility
As the QR Code is scanned in the App, inventory information is updated in real-time. With enhanced accuracy of the data, inventory can optimized in real time.
Efficient Product Recall
QR codes facilitate swift identification and targeted response during product recalls — minimizing the impact on the supply chain and preserving customer trust.
Minimal Infrastructure Investment
QR codes require minimal infrastructure investment, utilizing existing smartphones for scanning. If you use INDTRAC QR App, you can generate the QR code using the same app. Businesses can achieve cost savings more than 60% compared to other source-tracking methods, significantly reducing operational expenses.
In Summary
QR codes offer unmatched advantages in source-tracking within the supply chain, adding powerful quantitative metrics. With enhanced traceability, real-time inventory management, efficient product recall processes, and substantial cost savings, businesses can optimize their operations and gain a competitive edge.
Call us today and usher in hassle-free QR Code based traceability to your supply chain at the lowest cost.