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Cosmetics - Supply Chain

The cosmetic and skincare industry is dynamic, with trends constantly changing. What's popular today may vanish tomorrow. Companies resort to celebrity endorsements to promote the latest brands, generating demand. However, meeting this demand poses major challenges in the supply chain. From sourcing seasonal or specialized ingredients to ensuring product traceability, temperature-controlled transportation, demand visibility, and complex distribution, collaboration among stakeholders is crucial. Raw materials sourced from one supplier may go to another contract manufacturer, and finished products are packaged by a value-added service provider before reaching consumers.

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But that's not all. The cosmetic industry faces obstacles like lot number and expiration control, documentation compliance, ingredient traceability, and temperature control compliance. TPSynergy, with its configurable rules, ensures suppliers provide batch numbers and expiration dates, triggering alerts for expired products. Additionally, TPSynergy offers a comprehensive supply chain document management system with blockchain network integration for added security. The travel history of raw materials and finished products is diligently tracked, and real-time updates on shipment location are obtained through IoT-enabled devices. This minimizes risks and allows quick action during audits or temperature control discrepancies.

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In summary, the cosmetic industry's supply chain demands agility, collaboration, and technology-driven solutions. TPSynergy addresses these challenges head-on, providing enhanced visibility and control.

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IOT

How does it benefit your supply chain?

  • Ready-made supply chain solution that meets many industry regulations

  • Visibility and control ensure on time delivery

  • A digitized collaboration platform connects Raw material suppliers, contract manufacturers, transporters, and 3PL providers.

  • Temperature logged and synchronized to the cloud ensures real-time monitoring to avoid wastage.

  • Overall supply chain improvement due to collaborative execution

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