The complexities in today’s Supply Chain Management (SCM) systems reveal huge gaps
in product traceability, resulting in inefficiencies as well as counterfeit products.
VeriDoc Global has developed a supply chain management verification system that offers
transparency and integrity to supply chains. This system enhances the trust between
stakeholders by leveraging the immutability of the blockchain.
By revolutionizing supply chain management, organizations can confidently say to
multiple stakeholders like manufacturers, wholesalers, retailers, distributors,
governing bodies and end users, “I know that what I see, is what you see”.
Reducing Risk By Creating Visibility In The Supply Chain
VeriDoc Global’s QR code management module helps trace the source of a product by generating QR codes that can be embedded with customized information like SKU, batch number, warranty, registration details and even product specification. The embedded information is hashed and stored securely on blockchain, which can be verified instantly. In addition, the QR codes can have location details and timestamps. This assists in tracking and tracing products.
Identifying Leaks In The Distribution Network
VeriDoc Global’s system verifies each step in the supply chain with a “digital handshake” that records exactly when and where products have moved in the distribution network. Each movement from manufacturer to wholesaler to retailer can be recorded using a single QR code and placed on tamper-proof ledger.
This makes it clear who is liable for products in every step of the production and transit, offering transparency and quickly identifying inefficiencies along the way.
Generating Reports And Insights
VeriDoc Global provides data analytics reporting powered by Google Analytics as well as VeriDoc Global’s proprietary software. VeriDoc Analytics offers insights into details like the number of QR code scans, source and transit details. Traceable source of origin is becoming one of the key factors in the supply chain industry as well as the identification and prevention of counterfeits.
VeriDoc Global’s anticounterfeit solution can detect counterfeits by flagging the system if the same QR code is being scanned in many different places at the same time. In this situation, the manufacturer or retailer can disable the compromised QR code, which voids the counterfeit products. This data can also be used to track where counterfeit products are originating from and where they are being sold to.
Ability to trace a product from the source of origin right through to point of sale.
Consumers can verify that a product is genuine before purchasing.
Identify leaks in the distribution network.
Manufacturers gain insights to who, where, when and how many times a product is scanned.
Recalls can be issued quickly at the batch level or individual item level.