How organisations can benefit from track and trace technology?

There are numerous instances when organizations can do nothing about situations like theft, robbery, fire, etc. All they suffer is the irreversible damage caused to them. It takes years and sometimes decades to recover from that loss.

However, companies can take different measures for security and safety. Besides they can also secure their supply chains. With the mammoth development in technology new cutting-edge measure is being adopted by the company across the world. Nowadays companies can effectively monitor and manage their supply chains and can look out for any loopholes with exact accuracy.

One of the major threats faced by organizations across the world is that of counterfeiting. Duplication or counterfeiting can take place at any stage of the supply chain. The supply chain of a company encompasses different stages; therefore, it is challenging to monitor each of them. In addition, it is not possible to check individual errors or problems in the supply chain.

Lately, different kinds of technologies are being used to fight the menace of counterfeiting or duplication along with the management of supply chains. The combination of IT technology and holographic technology is being used by organizations across the world. A recent example is the bar codes and QR codes along with holograms which helps to perform multiple functions including track and trace, supply chain management, reward management, inventory management, marketing management among others.

Digital authentication with a QR code or barcode takes place on the single product, pack, case and pallet level. Different and unique QR codes are difficult to copy and provide impeccable security on each level of the supply chain. Holostik is a frontrunner of anti-counterfeiting solutions and caters a plethora of holographic and digital authentication solutions for safeguarding the supply chains. The security holograms along with digital authentication solutions help in providing a multi-layered security approach  to the product and the organization.

To get the best track and trace solutions call us on +91-7857857000 or mail us at connect@holostik.com.

The benefits of Holostik’s inventory management system

Inventory management is the management of stock and inventory. It is an important part of supply chain management and includes different aspects such as controlling and supervising inventory, storage of inventory and controlling the amount of product for sale.

Inventory management is important for the success of a company. It helps the organization to effectively manage its cash flows, monitor its production, manage its raw materials and assess the quantity of the end product to be supplied for the end-consumer.

Today, Holostik is not just known as a leader in providing cutting-edge anti-counterfeiting solutions but is also known for providing IT-enabled supply chain management solutions. Among a long list of IT-enabled solutions, Holostik caters customised and robust inventory management solutions. Before providing the inventory management solution to its client Holostik deeply researches and studies different aspects of the client’s supply chain. Only after many rounds of brainstorming sessions, Holostik provides an exclusive customised inventory management solution to the client.

Now let’s understand the process of inventory management system through the following steps:

  • The inventory management system starts right from the raw material stage to the final finished product stage. With the help of an inventory management system, a manufacturer in real time can easily know the quantity of raw material converted into the product on the production floor.
  • The manufacturer is also aware of the quantity of product which goes from the production floor to the warehouse and in the distribution channel.
  • The span of this system goes up to the retailer. The system helps the manufacturer in ascertaining the inventory of the system at each stage of the supply chain.
  • The inventory management system provides better decision-making power to the company owner. He or she can effectively strategize and manage the entire production and distribution process with much ease.

Robust inventory management system from Holostik

Inventory management is the management of inventory and stock. As an element of supply chain management, inventory management includes aspects such as controlling and overseeing ordering inventory, storage of inventory, and controlling the amount of product for sale. For companies with complex supply chains and manufacturing processes, balancing the risks of inventory gluts and shortages is especially difficult.

Inventory management is crucial to the success of the company. With proper inventory management system in place, a company can effectively manage its cash flows, plan its production, manage its raw materials and determine the quantity of the final product to be supplied for the end-consumer.

Holostik has created a far-fetched legacy over the years in the holographic anti-counterfeiting industry. However, due to constant innovation, the company has ventured into the field of IT technology and is making strides of the success of by catering IT-enabled authentication solutions and other supply chain management processes.

Among the many IT-enabled solutions, Holostik provides customised and high-tech inventory management solutions to the client. Before providing the inventory solution experts from Holostik thoroughly studies different aspects of the company like the type of raw materials used by the company, its products, vendors etc. After many brainstorming sessions, Holostik finally provides the blueprint of the solution along with its delivery date.

The inventory management system starts right from the raw material stage to the final finished product stage. With the help of an inventory management system, a manufacturer in real time can easily know the quantity of raw material converted into the product on the production floor. Similarly, a manufacturer is also aware of the quantity of product which goes from production floor to warehouse and in the distribution channel. The span of the system goes up to the retailer. The system helps the manufacturer in ascertaining the inventory of the system at each stage of the supply chain.

Inventory management system provides better decision-making power to the company owner. He or she can effectively strategize and manage the entire production and distribution process with much ease.