Food and beverage companies have to face two main challenges: inventory management and quality tracking.
Inventory loss can be due to several factors such as lack of visibility of shipment location, difficulty in tracking, operational efficiency issues… All of these can lead to inadequate inventory management resulting in customer dissatisfaction.
Grocery stores throw away billions of dollars worth of food every year due to freshness issues. As a result, F&B retailers need to manage products with a shorter shelf life, which requires accurate inventory tracking and rotation to avoid waste. Checkpoint Systems' traceability solutions can minimize the need to discard entire batches of food by tracking products at the item level.
Overcoming these challenges is crucial for the food and beverage industry to ensure optimal inventory management and maximize profitability.