Three Short statements on the use of Track and trace technology in logistics companies

Track and trace technology in logistics companies allows for real-time visibility of packages. This means that at any given time, both the company and the customer can know the exact location of a package, its status, and estimated delivery time. This enhances customer satisfaction and operational efficiency.

The use of track and trace technology also improves the accuracy of inventory management. By knowing exactly where a product is in the supply chain, companies can better plan their stock levels and reduce the costs associated with overstocking or understocking.

Lastly, track and trace technology can significantly improve the security of the supply chain. It can help identify any irregularities or discrepancies in the movement of goods, making it easier to detect and prevent theft, fraud, and loss.