In today's fast-paced global economy, it's critical to identify, understand and measure how labeling impacts your supply chain and your company's business growth.
However, to do so, you must first consider the critical role that labeling plays in meeting the demands of key business drivers. These drivers can have a significant influence on the performance and overall success of your business.
Labeling influences a variety of strategic business drivers including Regulatory Standards & Compliance, Customer Responsiveness, Business Continuity, Enterprise Collaboration and Supply Chain Efficiency. These drivers can have a significant influence on the performance and overall success of your business. Therefore, it is essential that labeling strategies evolve alongside supply chain strategies for companies to be successful. Implementing an Enterprise Labeling approach will help your company meet the demands of these key business drivers and improve performance, consistency and efficiency across the global supply chain.
The new Enterprise Labeling model offers a smarter and more efficient way of doing business, which provides standardization and centralization, allowing companies to achieve labeling consistency and flexibility to support changing requirements. This approach provides a labeling platform that is scalable and easily supported and maintained.
Enterprise Labeling integrates labeling processes with business processes to standardize mission-critical labeling. This dynamic and data driven approach, which allows businesses to react to evolving customer, regional and regulatory requirements, empowers business users to quickly and efficiently design and maintain barcode labels. It also ensures consistency across a global supply chain enabling companies to meet performance and scalability requirements with the power and flexibility to support complex, global and high volume labeling requirements.
Businesses that are attempting to address key supply chain drivers are consistently hampered by their approach to labeling and the barcode labeling solutions they have implemented. Many labeling solutions have not been designed to scale with the business and are not integrated with the existing business processes and vital data sources to provide standardization and consistency. Companies are struggling with how to address a variety of labeling challenges that range from adapting to today’s evolving landscape of regulatory standards and entering new markets to addressing mislabeling and customer requirements.
Enterprise Labeling Solutions empower companies to deal with the nuances of today’s complex labeling requirements and regulations, and the ability to support high levels of variability in labeling, while providing the speed and scalability to support global supply chains. This smarter and more efficient way of doing business provides standardization, allowing companies to achieve consistency and flexibility to support changing labeling requirements. It also provides a platform that is scalable and easily supported and maintained.
Enterprise Labeling for Meeting Regulatory Standards
Adhering to regulations that define how products are developed, marketed, shipped, and disposed is essential to avoid fines, retain customers, enter new markets, and in some case, stay in business. Labeling continues to play a crucial role in meeting these evolving standards. A label represents necessary information about the product being transported through the supply chain, and can include information about when and how it was made, what it contains, how it should be handled and disposed.
Enterprise Labeling Solutions enable customers to quickly and efficiently make changes to meet regulatory standards and become compliant to avoid costly fines and ultimately lost business.
- Supports Labeling Consistency
- Enables Rapid Labeling Changes Managing Regulatory Variations
- Manages Regulatory Variations
Enterprise Labeling for Improved Customer Responsiveness
Changes to labels are always being driven by customer-specific requirements. Businesses failing to meet those requirements in a timely fashion find themselves with dissatisfied customers that will likely turn to competitors. Businesses that view labeling as a key enabler in customer responsiveness, find increased opportunities to serve their client base and drive revenue. Labeling solutions can provide the capabilities to meet customer requirements and do so quickly to offer a serious competitive edge.
Enterprise Labeling Solutions enable customers to provide improved customer responsiveness, enabling them to meet any labeling requirements, respond quickly to any changes, and to drive customer satisfaction and ultimately revenue.
- Provides Speed/Flexibility
- Meets Regulatory Standards
- Supports Global Expansion
Enterprise Labeling for Maximizing Supply Chain Efficiencies
Bottlenecks and errors in labeling can cause a major threat to any business and a disruption in supply chain can be devastating to the company’s bottom line. In today’s modern supply chain, every product and shipment includes a barcode label, incorporating all of the information necessary to ensure that each item moves throughout the supply chain at the intended speed, and to the intended destination. This makes labeling a mission-critical component of the supply chain where disruptions in areas such as manufacturing, inventory, receiving, and shipping can threaten production and distribution and result in hefty fines, loss of customers, and ultimately result in millions of dollars of lost revenue.
Implementing an Enterprise Labeling approach offers businesses flexibility, scalability, variability and high throughput to seamlessly meet customer requirements and help minimize supply chain issues, while optimizing efficiency. Enterprise Labeling Solutions enable companies to support improved responsiveness and to scale globally to quickly and efficiently navigate products through their supply chain.
- Avoids Costly Downtime
- Extends The Capabilities of Supply Chain Partners
- Automates Labeling
Enterprise Labeling for Business Continuity
A disruption to business continuity can result in a critical stoppage in operations, leading to lost revenue, decreased customer satisfaction, and risk to future business. Global companies frequently manage labeling at a regional level. However, this presents a significant challenge; when a break in business continuity occurs, it is difficult to shift production of regional specific labels to another location.
Best practices allow a business to switch labeling production from one location to another in order to avoid a disruption and continue business as usual. Enterprise Labeling Solutions enable labeling redundancy, data centralization and visibility to enable business continuity and provide stability while protecting against lost business.
- Enables Shift in Label Production
- Provides Data/Systems Centralization
Enterprise Labeling for Enhancing Collaborative Efforts
Companies that don’t attempt to connect business partners across the global supply chain are missing opportunities to meet customer demands, grow markets and increase competitive advantage. For enterprise companies, labeling and shared access to labeling systems plays an important part in generating value from the supply chain network to improve efficiency and meet customer demands. When supply chain partners take an individualized approach to labeling there is a tendency to create redundancy, establish inefficiencies, and increase costs.
Enterprise Labeling Solutions offer the opportunity for business to connect and maintain centralized access and share a common framework for labeling across their supply chain.
- Facilitates the Role of Suppliers
- Integrates Partner Data
- Extends Access to Enterprise Labeling
To find out more about how Enterprise Labeling Solutions can improve your company’s labeling practices check out our full report on Enterprise Labeling: A Supply Chain Strategic Imperative which was developed in partnership with industry analyst, VDC Research. To hear firsthand about Enterprise Labeling, you also can listen to the webinar on the topic hosted by Loftware and VDC.
Josh Roffman is Vice President of Marketing and Product Management at Loftware www.loftware.com, a global market leader in Enterprise Labeling Solutions. Josh has over 20 years of marketing and product management experience with leading enterprise software companies. Specializing in the impact of supply chain trends on enterprise labeling, Josh frequently speaks at industry events most recently addressing attendees at Oracle¹s Value Chain Summit, Pharma Labeling Conference, and the ASUG Fall Focus.