What is Track & Trace (T&T)?
Track & trace (T&T) is an innovative mass serialization solution that tackles counterfeiting by using a unique identifying code printed on each product. T&T solutions help ensure that a product can be tracked throughout the supply chain and enable customers to recognize authentic products and conversely detect counterfeits. Although there are regulations to deal with the challenge of counterfeit products, improvement in T&T will enable manufacturers to become less vulnerable to counterfeiting, which in turn will improve their profitability.
Although not with its challenges, track & trace can potentially improve recall management, chargeback resolution and create an efficient planning process. The pharmaceutical industry is probably one of the largest beneficiaries of T&T, with which the production and supply of counterfeit drugs can be effectively tackled.
World's Leading, Unified Source-to-Pay Platform for Direct and Indirect Spend Management
GEP SMART is an AI-powered, cloud-native source-to-pay platform for direct and indirect procurement. GEP SMART offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.
Next-Gen, End-to-End Supply Chain Management Platform for the Connected Enterprise
GEP NEXXE is a unified and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains. Built on a foundation of data, artificial intelligence and cognitive technologies, GEP NEXXE helps enterprises digitally transform their supply chains and turn them into a competitive advantage.
