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How Smart Contracts Are Impacting Supply Chains

Logistics Viewpoints

How Smart Contracts Improve Procurement Automated Payments: When a supplier meets predefined conditions (e.g., Today, logistics firms rely on RFID tags, barcode scanning, and centralized tracking systems, which are vulnerable to tampering and inefficiencies. This creates opportunities for fraud, inefficiency, and payment delays.

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Warehouse Sorting Incorporates RFID Scanning

Logistics Business Magazine

OPEX® Corporation, a global leader in next generation automation for almost 50 years, is expanding the capabilities of its leading-edge ‘Sure Sort® Warehouse Automation’ technology to incorporate radio frequency identification (RFID) scanning to meet client needs and increase operational speed and efficiency. About OPEX.

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Top 6 Logistics Challenges and How to Overcome Them

3PL Links

RFID tags, GPS trackers, and integrated SCM software allow you to track your products from origin to destination. These systems can automate documentation and provide alerts when regulations change, ensuring that your business stays compliant.

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9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL

GlobalTranz

It can take months to negotiate a complex SLA/KPI document, as you go back and forth with your logistics provider so the document becomes a “win-win” for both parties. All KPIS have a target percentage to meet. The more KPIs, the more difficult the negotiation process. All KPIS have metrics to measure.

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The Many Types of Inventory Management Technology

GlobalTranz

Think of manual systems as Excel documents and endless spreadsheets. In addition, inventory management systems may include the use of automated identification and data capture ( AIDC ) technologies, including radio-frequency identification (RFID) chips. Active Versus Passive RFID Inventory Management Systems. Manual Systems.

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Concealed Freight Damage: NMFTA Changes Reporting Window Effective April 18, 2015

GlobalTranz

Although the technology, such as RFID chips , has reduced missing merchandise from the manufacturer, it still could be incorrect if the Radio Frequency Detectors on the chip were incorrectly assigned to the item(s). For consumers unable to provide such documentation, the claim will be considered invalid.

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Facing Cold Chain Challenges

Trinity Logistics

Addresses the need for maintaining drugs under stable conditions and meeting manufacturer’s specifications. Keeping proper documentation of data throughout your supply chain can seem difficult but modern technology like a transportation management system (TMS) , can simplify this cold chain challenge. Some of those include: 21 CFR 203.32