Andrzej Tokarski - stock.adobe.c
IoT sensors can upgrade supply chain traceability systems to ensure products arrive where, when and in the condition that buyers expect.
IoT traceability systems create connections between smart manufacturing machines to automate the entire supply chain process. IoT traceability makes labeling and identification technology more cost-effective and increases efficiency, quality and transparency for anyone involved in the supply chain, especially manufacturers.
For example, the pharmaceutical industry spends more money on IoT asset management traceability systems because organizations must prioritize compliance with strict global regulations to move medicine through a supply chain. Pharmaceutical IoT traceability systems track individual items throughout the supply chain to protect against medicine counterfeiting. Pharmaceutical supply chains that need to securely track medicine shipments worldwide must meet all regulations to standardize the supply chain that are set by the U.S. Food and Drug Administration; European Federation of Pharmaceutical Industries and Associations; and Europe, Middle East and Africa.
IoT asset management traceability systems record the progress of goods
Many parties coordinate the IoT asset management traceability system, starting when organizations manufacture the pharmaceuticals. Items are scanned individually on a conveyor belt and then packed for delivery to wholesalers. IoT asset management traceability systems use 2D data matrix barcodes and RFID ultra-high frequency passive tags to digitally record goods as they pass along the supply chain. Wholesalers separate the items in accordance to identifiers and put them on shelves. Retailers place orders with wholesalers, who then place the items in envelope bags, scan and confirm before sending. Once received, retail pharmacies or hospitals scan the bags' contents without needing to open them.