Real-time traceability across the CPG value chain
The consumer packaged goods (CPG) supply chain involves various stakeholders in upstream supply chain, manufacturing, downstream supply chain, sales, and infrastructure.
In any enterprise, men, material, and money are the important aspects that need to be tracked for correct information and feedback to generate revenue. However, monitoring the various units of a CPG value chain is challenging as the units of the supply chain of packaged goods are typically spread across a country and even globally. So, ensuring quality and efficiency while preventing loss of assets or efforts is a source of constant tension for the business. The ability to control and monitor a CPG supply chain—from sourcing to point-of-sale—would, therefore, be nothing short of awesome.
TCS’ iTrakX is the all-seeing eye that tracks the flow of men, material, and money across various units of the CPG supply chain. With a raft of smart tools like enterprise resource planning (ERP), SAP, and supervisory control and data acquisition (SCADA) integrated with our proprietary iTrakX system, you can monitor any part of it. From quality assurance to raw material provenance and monitoring physical or human assets—monitoring everything is possible with iTrakX.
There are a lot of stakeholders in between. Take the example of a chocolate company. The production journey starts with sourcing the raw material from various countries and continents. Then there is the multistage manufacturing process. Ultimately, the journey ends when the chocolate bar reaches store shelves in the remotest of villages and the hinterlands. It is extremely difficult for a CPG company to have visibility across the entire value chain. How, then, can the chocolate company ensure:
Quality cocoa is picked?
No counterfeiting happens during the cocoa supply?
Cocoa farmers are justly compensated?
The manufacturing process has adhered to regulatory guidelines?
The chocolate is fit for consumption?
All assets are properly maintained with no incident of theft?
Manufacturing plants, warehouses run efficiently with no unplanned downtimes?
Sales are tracked, and demand, supply synchronized?
It is not manually possible to ensure full visibility. However, iTrakX provides a real-time track-n-trace of the value chain. Quality control becomes easy. With 24/7 asset tracking, you can reduce capital loss. The AI-based system is capable of predicting all outages, thus preventing downtime. Lastly, TCS’ iTrakX provides invaluable insights into sales and production processes that might have otherwise remained overlooked.
It leverages blockchain and internet-of-everything to remotely control and monitor the physical assets of the company and gives you thorough visibility of the entire value chain.
The solution has several modules:
iTrakX T&T, ISTT, and iVerify help in product provenance, counterfeit detection and ensuring quality till consumption point
iTrakX Connected Assets lets you remotely monitor and even control physical assets, thereby preventing asset theft and downtime
iTrakX e-Plantation digitizes the farming operations of a CPG entity, ensuring regulatory compliance and sustainable farming practices
iTrakX DC Monitoring monitors the data centers located in the manufacturing or warehouse units to look for issues and forecast any unplanned downtime
The TCS advantage
Why should you use the solution by TCS?
Industry awards: TCS Digital Farming Initiative (DFI) won NASSCOM’s Top 25 AI for Good Innovations Award for 2019.
Analyst rankings: TCS was recognized as a leader in the Gartner Magic Quadrant for Data & Analytics Service Providers, Worldwide for 2019. TCS was also ranked as the number one provider in the HFS Top 10 Retail and CPG Service Providers for 2019.
IoT CoE: As an expert solution integrator, TCS is well versed in implementing complex IoT projects.
Technology expertise: Our product is backed by five decades of technological expertise.