Traceability and Digital Product Passport
Create digital twins of your products and get an end-to-end overview and control of your product and its components.
With PSQR’s traceability software, you can now create a completely digitised product journey across the supply chain. Moreover, you can achieve the granularity needed to comply with the upcoming DPP requirements.
PSQR’s modular and interoperable technologies allow companies to gain full visibility of their value chains, prevent and reduce incidents and improve brand reputation by showing product lifecycle.
Full EU Digital Product Passport Compliance
Under the European Union’s Green Deal and the Circular Economy initiative, companies working within industries, including apparel, batteries, consumer electronics, and others, will have to turn to a more resourceful and sustainable way of production.
As a result, all the products will have to have the following:
- Unique product identifier (UID)
- Product manufacturing information
- How to use information
- Recycling information
This information should be carried on an RFID or a QR code.
PSQR has developed a solution that allows customers to take full control of their product supply chain. This, in return, gives businesses the ability to have end-to-end traceability across the supply chain and provide data enabling transparency and visibility required by the new regulations. Moreover, our solution can assist companies in complying with the EU requirements for digital product passports.
How do product passports and product digitisation work?
Our Saga Software solution has been developed to cater to businesses’ unique needs.
Hence, whether you are looking for product digitisation in fashion, battery or other industries affected by the EU digital product passport, PSQR’s solution can be modelled to fit your specific case.
By assigning a unique identifier to each product, you can keep track of the product’s lifecycle – from the moment the raw materials have been delivered to the factory to the point of sale.
Furthermore, by enabling detailed product information on a product passport, PSQR’s Saga solution helps brands achieve compliance with EU regulations and helps consumers understand the origins of the purchased goods.
As a result, PSQR’s solution and the accompanying product passport help producers and consumers understand product origin and its lifecycle better, providing enough information on the product for its sustainable handling.
BENEFITS OF USING SAGA
What business benefits can companies expect?
Although requiring businesses to put additional effort into their product information, Digital Product Passport and the Circular Economy initiative can be beneficial and contribute to improving business success.
Some of the main benefits and advantages of working toward DPP through product traceability include the following:
- New business opportunities
- More sustainable investment decisions
- Support security of supply and resilience against geopolitical shocks
- Increased lifetime value with storytelling and engagement
- Improved supply chain performance
- Risk reduction
Facilitating more efficient end-of-life procedures will release the value currently locked away in end-of-life material and waste streams. More circular business models can potentially increase supply chain security within organizations and diversify available options for material sourcing.