Serialization ROI: The Business of Track & Trace
Summary
By minimizing errors and recalls and increasing accuracy and efficiency, serialization boosts customer confidence, and helps to ensure their loyalty. The US loses $29 – $41 billion on counterfeit goods a year, according to the Commission on Theft of American Intellectual Property. For our purposes, serialization refers to when an object is converted to a stream of bytes which stores data such as product version or assembly name. The most common verticals we see utilizing serialization to improve ROI are: clothing, pharmaceuticals, food, cosmetics, and luxury items. By minimizing errors and recalls and increasing accuracy and efficiency, serialization boosts customer confidence and helps to ensure their loyalty.
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Brand Protection Software
Serialization Software
Supply Chain Management Software
