Product traceability

Traceability: Reduces Loss and Improves Profitability

Why is Traceability Important? Companies are constantly looking for opportunities to increase profit per order. What is the most efficient way to do this? Product traceability allows organizations to accurately track and monitor their inventory and business functions throughout their supply chains. Item-Level Traceability Helps Identify Loss CEDIA, the international trade association and central touchpoint for […]

Inventory Control

Inventory Control = More Profitability in 2019

Happy New Year from TRXio! What is the fastest way to a more profitable 2019? The answer is simple. Inventory control. Multiple studies have revealed that regardless of industry, businesses lose or misplace 6% to 10% of their inventory each year, which greatly impacts profitability.  Through traceability, TRXio makes it easy to track, monitor and audit inventory […]

Profit - Business Concept. Golden Compass Needle on a Black Field Pointing to the Word "Profit".

Tracking Your Progress to Profitability

Do you believe that revenue is the most important metric on a company’s financial statements? If so, you aren’t alone. For most companies, that belief is so strong that all of their focus is placed on increasing revenue. They believe that revenue can fix all business problems. Unfortunately, many businesses also struggle with problems that […]