Understanding traceability in inventory and manufacturing

Traceability is the ability to track and monitor products or materials at every stage of the supply chain, from manufacturing to delivery. It involves the recording and storing of data on each product or material, including information on its origin, production process, and quality control measures. Traceability is crucial in inventory and manufacturing because it ensures that products or materials meet quality standards, and that any issues or defects can be quickly found and addressed. It also helps manufacturers to follow regulatory requirements around product safety and quality. However, achieving this level of visibility can be challenging, particularly in complex supply chains with multiple suppliers and stakeholders. Common challenges include data collection and management, as well as the need to integrate different information systems and standards across the supply chain. Additionally, there may be cultural or organisational barriers, such as resistance to change or lack of resources. Despite these challenges, the benefits of traceability in inventory and manufacturing are clear. By implementing traceability systems and using advanced technologies like AI, manufacturers can improve quality control, increase supply chain efficiency, and enhance customer satisfaction. In the following sections, we explore how AI can be used to achieve greater traceability in inventory and demand planning, and how this can lead to better business outcomes. Find out more