Counterfeiting and leakage in the supply chain is a big issue across various consumer-based industries like FMCG, Heath care, Pharma, Life Sciences, Electronics, etc, which is not only effecting consumers’ pockets adversely but a major threat to their health as well.
A recent study by Global Initiative found that a dramatic increase in fake pharmaceuticals and medicines, adding to an illicit industry already estimated to be worth more than 4 billion euros.
To address this issue, Monotech Systems has launched TraceSci, a track & trace authentication solution for effective live tracking, authentication, and supply chain management.
Kunal Kothari, DGM - software & applications development, Monotech Systems says, “After serving the industry with various flagship variable data and printing and anti-counterfeiting solutions for over 15 years, Monotech Systems has launched a very effective and commercially viable supply chain authentication & tracking solution.”
“TraceSci is live now featuring high-level authentication and tracking which enables both brand owners and consumers to grab on counterfeiting more effectively. It is a SaaS platform that is powered by Block chain that provides brand owners, deep consumers, and supply chain insights regarding their products like real-time GPS location, scanning pattern, and suspicious activity alerts. It will help to get actionable product data for strategic decision-making and operational excellence” he adds.
The solution’s interface is user-friendly suitable for small to large manufacturers’requirements and has authentication capabilities to protect the brand with secure packaging.
It also provides product serialization for digital transformation. It supports regulatory compliance as per mandates set by different countries for different businesses.
TraceScican be adapted on a free trial and can be upgraded to the next levels based on requirements and is also available for both IOS and Android mobile applications.
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