Illuminating Dark Corners Within The Supply Chain
Legacy tracking systems include RFID, barcodes or readers. Current real-time tracking systems are choke-point based and subject to varying degrees of interference, causing spotty coverage both inside and outside the warehouse (although many are not equipped to work outside the worksite). Mostly deployed on-premise, they are designed to stay within the company’s network. More restraint is created if the environment contains a lot of metal or liquid, where the system may not be able to scan or track the tags at all.
A company that does manage to navigate these problems successfully is ultimately faced with another hurdle––current tracking systems are unable to provide metadata, leaving supply chain managers blind at several points throughout the transport process. Their tracking systems can’t tell a supply chain manager the condition of assets or if specific action needs to be taken in real-time to protect their products.
Consider the common scenario of a company’s warehouse site, where a fleet of 50 trucks deliver every day. When the trucks arrive at the drop-off docks, where there often is no organization in place, it makes it time consuming and difficult to locate an exact item for a specific production area. This example outlines one of several problems supply chain and logistics managers face every day.
Enterprises lose millions of dollars a year due to:
- Lost productivity,
- Reduced factory throughput,
- Penalties due to regulations and non-compliance,
- Excess inventories,
- Product quality issues,
- Misrouting of goods and reverse logistics, and
- Delayed customer orders and associated
Cloudleaf’s mission is to enable its customers to know, in real-time, where their assets are and the condition of those assets. A digitized supply chain allows companies to achieve new levels of performance, create new revenue opportunities, and improve overall operational efficiency and effectiveness. It allows end users to stop a problem before it happens, or at the very least, identify the exact time it does. With improved visibility into critical aspects of the supply chain network, an enterprise not only protects the link between the company and their assets, but creates an advantage over competitors by accessing previously unavailable information on customer trends. This brings a new level of reliability, communication and trust to the entire value chain.