End to End real time Supply Chain visibility with today’s extended supply chain is becoming crucial for organization. Consequences of supply failures, non-conformity or quality issues and fraud issues could put company profitability or even survival at risk.
- On average, supply chain disruptions can reduce shareholder value by 7% 1
- Noncompliance and quality issue can have extensive cost, financially and for the company image. It can, in some cases, result in dramatic financial impact causing company bankruptcy.
- Fraud issue is affecting 66% of North American companies, 77% of European companies and increasing year on year reaching up to 4% of annual revenue lost for 10% of the companies.2 More than 20% of all incidents led to losses greater than $1M. The median time for detection was 18 months with a range average of 12 to 36 months.3
Actual discovery process and right data diagnostic remain NOT fully automated for 98% of the companies. For 60% it’s even remaining fully or mostly manual. 3
Hive-Zox Tracker E2E Supply Chain Visibility Vision
Tasks Flow: Who, What, When and Where?
A Supply Chain performance is essential to ensure that the right product is in the right place at the right time and the right price.
The real-time visibility on the logistical movements of a product, the decision to purchase or produce all the way until the end of the warranty is essential to assess the risks of any delay compared to the projected schedule , or to correct a manufacturing defect upon detection , to ensure the authenticity of the product and ensure its traceability, detected attempted load diversion, following convoy in real time, to ensure that the product arrives at the right destination, be certain that the product is offered for sale in defined conditions, monitor sales in real time, identify and authenticate the product until the end of the warranty.
Supply Chain Visibility as a whole required entering information at every stage of the process and for each status changes of the product.
Hive-Zox Tracker allows direct data entry into the centralized cloud database and also imports data directly from the data system of the user. It is also possible to export the necessary data for a requested supply chain actor, directly to its management system.
Hive-Zox Tracker allows to track each item according to its unique code. The product is followed from its early packaging stage in order to know which item is on which box, pallet and container.
Hive-Zox Tracker allows the management of specific data such as temperature, humidity, light, pressure, shock, vibration, movement, etc. equipping each pallet, box or product with remote sensors. The data collected by the sensors can be transmitted in real time if they are connected to a BEEconIoT or ComBox or collected by reading the memory sensor during receiving control/inspection.
Hive-Zox Tracker allows to monitor real-time movements of a container or transport vehicle, and in particular to receive real-time positions, if it deviates from the planned route, container or van is opened, if a sensor transmits an alarm, etc.
Hive-Zox Tracker is a fully autonomous system using M-IoT communication networks placed on the goods/box/pallets or containers or transport vehicle with sensors detecting any attempt, any conditions deviation, etc.
1 World Economic Forum – Building Resilience in Supply Chains 2013
2 Kroll: Global Fraud report 2013/2014
3 Aberdeen report: Fighting Fraud, Waste and Abuse November 2013