Why Supply Chain Executives Need to Embrace EPCIS 2.0 for Enhanced Visibility
In today's complex and rapidly evolving supply chain landscape, visibility is key. Supply chain executives are constantly seeking ways to improve visibility into their operations in order to enhance efficiency, mitigate risk, and meet customer demands. One technology that is gaining traction in the industry is EPCIS 2.0.
EPCIS (Electronic Product Code Information Services) is a standard developed by GS1 to enable the capture and sharing of real-time information about the movement and status of products in the supply chain. EPCIS 2.0 represents a significant upgrade to the original standard, offering enhanced capabilities and support for more complex supply chain scenarios.
So why do supply chain executives need to embrace EPCIS 2.0? The answer lies in the benefits it offers in terms of visibility. EPCIS 2.0 allows for the capture and sharing of granular, real-time data about the location, condition, and status of products as they move through the supply chain. This level of visibility enables better decision-making, improved collaboration with partners, and the ability to quickly respond to issues and disruptions.
Additionally, EPCIS 2.0 enables supply chain executives to meet the growing demands for transparency and traceability from customers, regulators, and other stakeholders. With EPCIS 2.0, organizations can provide accurate, real-time information about the provenance and journey of their products, helping to build trust and confidence in their supply chain operations.
Furthermore, EPCIS 2.0 is designed to be interoperable with other technologies, such as blockchain and IoT devices, further enhancing visibility and enabling new use cases and business models.
In conclusion, supply chain executives need to embrace EPCIS 2.0 in order to achieve enhanced visibility into their operations. By leveraging the capabilities of EPCIS 2.0, organizations can improve decision-making, meet demands for transparency and traceability, and ensure their supply chain operations are fit for the future. It's time for supply chain executives to embrace EPCIS 2.0 and unlock the full potential of visibility in their operations.
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