Track and trace refers to the application of markings to raw materials, product components, or finished product packaging to monitor their path from pre-production to use.
- “Tracking” – observing the forward movement of goods in the supply chain.
- “Tracing” – the backward movement from use to determine the origin of the goods.
Basic batch tracking systems start at around €40,000 with the most basic functionalities. The following image provides an overview:
Track and trace refers to the application of markings to raw materials, product components, or finished product packaging to monitor their path from pre-production to use.
- “Tracking” – observing the forward movement of goods in the supply chain.
- “Tracing” – the backward movement from use to determine the origin of the goods
Basic batch tracking systems start at around €40,000 with the most basic functionalities. The following image provides an overview:
The cost factors of a track and trace solution depend on:
- the hardware
- the software
- the engineering
Typical budgets in recent years have ranged from €20,000 to €100 million, depending on the project. A well-known example is NHS England.
Depending on the requirements, it’s possible to get started quickly with cloud-based solutions that offer a low total cost of ownership (TCO). As a rule, the total costs increase with complexity – however, a more precise cost estimate requires an analysis of current and future requirements.
The cost factors of a track and trace solution depend on:
- the hardware
- the software
- the engineering
Typical budgets in recent years have ranged from €20,000 to €100 million, depending on the project. A well-known example is NHS England.
Depending on the requirements, it’s possible to get started quickly with cloud-based solutions that offer a low total cost of ownership (TCO). As a rule, the total costs increase with complexity – however, a more precise cost estimate requires an analysis of current and future requirements.