Food and beverage companies face two main challenges: inventory management and quality tracking.
Inventory loss can occur to several factors such as lack of visibility of shipment location, difficulty in tracking, and operational efficiency issues. All of these can lead to inadequate inventory management, resulting in customer dissatisfaction.
Grocery stores throw away billions of pounds worth of food every year due to freshness issues. As a result, Food and Beverage 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.
Technology plays a crucial role in this digital transformation. An innovative solution that is gaining ground is adding a digital identity to each product. Checkpoint Systems' digital identification solutions, using RFID technology, can help brands stay relevant while improving their financial performance. This innovative, proven technology enhances inventory tracking, prevents theft, and enables personalized shopping experiences.