DIGITAL MEDIA GHOST
  • Publication
  • #GhostsWriteIt Spotlight
    • Writer Spotlight Submission
  • Services
    • Digital Strategy
      • Content Marketing
      • Law Firm Marketing
      • Social Media Management
    • Ghostwriting
    • Public Relations
      • Social Sabotage & Online Privacy
        • Social Media Policy Template
  • About
  • Publication
  • #GhostsWriteIt Spotlight
    • Writer Spotlight Submission
  • Services
    • Digital Strategy
      • Content Marketing
      • Law Firm Marketing
      • Social Media Management
    • Ghostwriting
    • Public Relations
      • Social Sabotage & Online Privacy
        • Social Media Policy Template
  • About
Search

How Bonafi Will Enhance Asset Tracking for Large Companies

9/25/2018

0 Comments

 
Picture
by Steve Kuh, Guest Contributor

One of the most significant challenges of being a global company is asset tracking. When you have many assets distributed internationally, it is difficult to keep track of inventory as well as with the supply chain vendor. From one perspective, it is an issue of supply chain management. Manage it well, and you won't have this problem. However, the biggest issue is that of counterfeiting and tracking assets among the many supply chain vendors due to different languages, cultures, and software systems that do not talk to one another. 
​






How Bonafi helps large companies with asset tracking.



When you do not know where your inventories are located, which items are coming in and going out, etc. it is hard to understand the overall picture of your inventory, let alone counterfeits entering the supply chain.

Counterfeit Items in Inventories – Big Trouble Approaching
When you have counterfeit items in your inventories and warehouses, you have big trouble coming your way. If you ship fake items to your customers, the cost of rectifying such issues can be overwhelming. There could be legal issues as well as additional costs associated with handling, replacement, and overhead.  Even if the counterfeit problem is resolved, it can be cumbersome since it is time-consuming, not to mention dealing with a dissatisfied customer. Thus, an excellent solution is to adopt a blockchain-based solution that works on a global scale to track your inventories and assets at any given moment. Enter Bonafi…

Bonafi for Asset Tracking for Large Companies
Bonafi plans to be an international solution provider for large companies to assist in tracking their assets.  The best thing about Bonafi's blockchain-based solution is that these companies will be able to track their items precisely whether items are sitting in warehouses or on the move. Such a solution empowers the company by giving it a supply chain management of the assets. It is nearly impossible for counterfeiters to insert their items into the inventory when such a complete solution is in place. Let's take a look at exactly how Bonafi helps large companies with asset tracking.

  • All Assets Under One Roof
Bonafi plans to build its platform that would allow the company to track all of its assets.   Crypto-Tag is attached on each of the asset items. As the asset item is shipped across the supply chain, the shipping information is recorded on the blockchain. When the asset item is recorded on the supply chain, the Bonafi platform would be able to show the status of the asset in terms of location, group, and conditions.

Bonafi can also help large retailers manage the tracking of all of their assets using only one application. Furthermore, even manufacturers and producers of goods can track their assets using just one application. The crypto-tag helps identify every item as unique and tracks its movement throughout the supply chain.

  • Real-time Tracking
In the fast-paced world of today, real-time tracking is crucial for the improved efficiency of businesses. Because blockchain is built on the internet, real-time asset tracking is possible. Once the Bonafi platform is in place, companies will be able to determine the location of their assets at any given moment. They will know when an item is in the warehouse, when it has reached a retailer, and when a customer has received it in his/her hands. It will also help companies identify that the correct order has reached its proper destination.  

  • Prevention of Entry of the Counterfeit Items
Large retailers of the world face a huge challenge today. They have fake companies trying to sell counterfeit goods from their platforms. Retailers cannot instantly seize counterfeiters. They appear as legitimate companies but deceive customers when they sell low-quality and forged items from other brands. These items look nearly identical to the authentic items.

Retailers do not have a system to verify the authenticity of these counterfeit items. However, with Bonafi, these large companies will be able to recognize when a fake item comes into the inventory instantly. Because they won't be able to see the information of the item within the Bonafi system, this will be an indicator that the item is counterfeit.  

  • Affordable and Quick Recalls
Recalls can be a massive issue for the original manufacturers of items. When there is a defect in a product, the company may now be able to recall it and notify the customers instantly. In the past, these companies would identify the model number and recall every item associated with that number. However, not every item of that model is defective, but the company ends up recalling all the items.
This is costly for the company and wastes a lot of time, especially for customers who have not received fake items. With Bonafi, companies will be able to identify the exact item that has a defect. They can recall only that item and save a large sum on massive recalls.

Conclusion
Bonafi plans to build an extremely valuable tool for large companies to track assets on blockchain. However, its usefulness goes far beyond asset tracking. It will also help companies to prevent counterfeit items from making their way into their inventories. As a result, they will be able to improve customer satisfaction, improve their brand image, and improve their bottom line.

Author bio:

Steve Kuh, CEO and Founder, is interested in providing solutions to combat counterfeit goods using blockchain technologies at Bonafi.  His specialty includes 20+ years of experience in systems engineering, marketing, and the creation of digital IT products. Steve is interested in blockchain technology because it presents opportunities to solve issues such as counterfeiting. With Bonafi, Steve is hoping to develop and market products utilizing blockchain-based decentralized public ledger technologies and change the world one person at a time. 


0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Picture
    Become a Ghostwriter!
    Picture
    Contribute to DMG
    Picture
    BECOME A GUEST CONTRIBUTOR
    Picture
    PROMOTE YOUR BUSINESS BY GUEST POSTING
    Picture
    ARE YOU A GHOSTWRITER? WE WANT TO KNOW!
    Picture
    DO YOU HAVE A GHOSTWRITING BUSINESS?

    RSS Feed

    Categories

    All
    Agency Spotlight
    Business
    Digital Marketing
    Ghost In A Flash
    Ghostwriting
    Media Relations
    Privacy Concerns
    Social Sabotage
    Technology
    Writer Spotlight
    Writing

    Advertising Disclaimer

    Archives

    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    May 2013
    December 2012
    November 2012
    October 2012
    September 2012
    August 2012
    July 2012
    June 2012

Find your domain and create your site at Weebly.com!
Digital Media Strategy
Content Marketing
Law Firm Marketing
Search Engine Optimization
Social Media Marketing
eBooks
Writing
Becoming a Ghostwriter
Blogging
Content Marketing
Ghostwriting Services
Guest Post Guidelines
Media Relations
Online Crisis Management
Personal Brand
Public Relations
Reputation Management
About
Our Team
Our Results
Testimonials
Contact Us
Locations:
New Orleans, LA
Nashville, TN

DMG University
Privacy Policy | Terms & Conditions | Cookie Policy
Digital Media Ghost  @2020
  • Publication
  • #GhostsWriteIt Spotlight
    • Writer Spotlight Submission
  • Services
    • Digital Strategy
      • Content Marketing
      • Law Firm Marketing
      • Social Media Management
    • Ghostwriting
    • Public Relations
      • Social Sabotage & Online Privacy
        • Social Media Policy Template
  • About