The counterfeiting of products serves two purposes – harming the public and tarnishing a company’s name and reputation. These social and economic consequences transcend over every industry, and only a handful of manufacturers are proactively seeking solutions. In an age when all parties are responsible for the product once it leaves their four walls, it’s no surprise that granular data and crystal-clear visibility is a necessity.
The Real Damage
The Aerospace Industries Association (AIA) reported nearly $4 million of counterfeit critical technology components seized in 2009, including networking equipment and semiconductor devices. Additionally, electronics industry experts stated a loss of between $100 billion and $200 billion annually, while the pharmaceutical industry sees a $91 million dollar drop per drug - every year.
However, all of these facts fail in comparison to the risks subjected upon the consumer and the brand name. Customers aren’t receiving the safe and effective products that they’re paying for and are being put in harm’s way as a result. The criminals are replacing legitimate drugs with sub-par and inferior product, and companies don’t find out about the problem until it reaches the end of the supply chain and is too late. With advances in modern technology, what will the company of the future do to stop this problem?
Be Proactive
Acsis’ ProducTrak goes above and beyond normal compliance and tracking initiatives by utilizing tag readers that instantly notify manufacturers of defective products and weakening supply chains. A safe supply chain is the number one goal at Acsis, and clearing the market of counterfeit products should be yours. Even though counterfeit prevention is easily managed with ProducTrak, this is only a fraction of our total solutions package.
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ProducTrak Mobile ensures complete product lifecycle management – from raw material, through production, and delivery to the hospital, wholesaler, or retailer.
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ProducTrak SPDM is a serialization management solution that works with existing ERP systems to enhance product visibility at the item level and ensures compliance with ePedigree mandates or Food Safety Modernization Act requirements.
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ProducTrak Parcel Pack provides a station-based solution for managing the packing and shipping processes for serialized and non-serialized product and updates the ERP system automatically for more accurate inventory levels.
Acsis ProducTrak solution has the full functionality to track and trace individual products or assets through its entire lifecycle; as well as manage contract manufacturers, packagers and suppliers at the push of a button. And Acsis also provides the flexibility of selecting only the modules needed to address their specific issues or government mandates. That’s the power of Acsis.
To learn more about how we are helping companies identify and address counterfeit products in the supply chain, contact us at (856) 673-3000, or schedule a demo.