As a business owner, it is essential to find ways to grow your company this 2020. One of the things that you can do is find various ways to earn more income by integrating a traceability system in your daily operations. If your business is focused on manufacturing, distribution and retail sales, your company can benefit a lot with traceability. You will be surprised at what difference this system can make that can result in better ideas, innovative techniques and most importantly, an increase in demand and supply. Below are several things that you should be aware of when introducing traceability into your business.
Increase sales by combining certain products
Marketing experts are recommending the bundling method to increase the sales of slow-moving items. Instead of recalling a particular product that does not catch any attention from shoppers, why not pair them with other sellable brands. For example, a low selling bath soap can be bundled with a fast-selling brand of shampoo. It is like selling the conditioner at a discounted rate. If you look at the big picture, it would be a win-win situation for both products. It would be best if you tried pairing different products each month so consumers will have more options to choose from. With the help of traceability, each bundled product is efficiently combined by using specific product codes that are incorporated into the computer system. By using this particular method, it takes you less time to track your product inventory which makes your business more efficient.
Improve relationships with retail sellers
Whether you like it or not to maintain a smooth sailing relationship with your business partners, you need to give them your one hundred per cent support. You can integrate a more advanced inventory system by adding lot and batch numbers into each product that you manufacture.
These numbers will serve as your tracking code in case something terrible happens to a product such as contamination, physical damage and even spoilage. It would be easier for you to locate all of the same products that belong to the same batch or manufacturing date and recall them from retail outlets. Traceability will make your business partners feel more secure, knowing that you are always on top of every situation. Never underestimate the power of traceability. Remember that small problem related to quality assurance should never be ignored because these issues could escalate quickly and ruin your company’s reputation in no time.
It makes your clients feel more secure
Running a mid to large scale food production company comes with a lot of risks. That is why you must implement a set of standard guidelines that every employee from various departments should be aware of. Traceability plays a significant role in monitoring the quality of your products and at the same time, ensuring that the consumers remain safe and healthy at all times.
Lastly, thousands of businesses nowadays highly rely on traceability in ensuring that their business will run like a well-oiled machine no matter what happens.