New Six Packaging Intelligence Solutions Improve Profitability through Inventory Management

Press Release Summary:

  • Promotional coding removes the need for costly real-time controllers and hardware
  • Pallet tracking improves traceability and compliance with supply chain and distribution requirements
  • Coding integrity minimizes rework and scrap by identifying product coding errors in real time

Original Press Release:

Markem-Imaje Introduces Intelligent Packaging Solutions to Improve Supply Chain Transparency

Downers Grove, Ill., June 5, 2019 /PRNewswire/ -- Markem-Imaje, part of Dover (NYSE: DOV), is releasing six packaging intelligence solutions to help manufacturers digitalize their supply chains more easily and cost effectively in order to maximize profitability through improved line efficiency, minimized waste and better compliance, while better protecting and promoting their brands.

In today's digital era, manufacturers are being asked to enable greater supply chain transparency to make recalls quicker, tackle product diversion and counterfeiting, as well as improve profitability through better inventory management. There is also a growing desire to build closer relationships with end users through digital marketing channels supported by specially coded packaging. The new solutions launched by Markem-Imaje enable manufacturers to meet these diverse objectives more easily and economically.

Digitalizing Packaging Operations:

To reap maximum benefit from the digital revolution, communication across the value chain needs to be efficient and accurate at unit, case and pallet levels. To save companies the time, cost and integration risks of digitalizing their packaging operations in silos, Markem-Imaje has developed scalable, end-to-end solutions which are seamlessly integrated to help manufacturers maximize the benefits from digitalization.

The solutions, that can run alone or together, are based on the market's leading information management system, CoLOS®, whose effectiveness in reducing waste while improving efficiency and traceability has already been proven with over 17,000 installations worldwide.

Product tracking creates unique fingerprints and aggregates data so products are seamlessly trackable at item, case and pallet levels, delivering reliability and safety for distributors, resellers and users. This not only makes recalls more efficient, but also identifies product diversion and helps prove counterfeiting.

Promotional coding makes it easier to use packaging as a way to run 'always on' digital promotions. This coding removes the need for costly real-time controllers and hardware which have historically limited campaigns to a few lines or required pre-printed materials. Unique codes are printed on demand, even at high speeds.

Line and data management improves data accuracy and line efficiency by enabling seamless manual and automated data and information processing, marking and coding, including full integration with third-party systems such as ERP (Enterprise Resource Planning) and MES (Manufacturing Execution Systems).

Pallet tracking enables seamless tracking through the automatic application of compliant labels containing real-time data and no impact on production rates. This tracking enhances traceability and improves compliance with supply chain and distribution requirements, minimizing retailer fines and/or delivery rejections.

Coding integrity minimizes rework and scrap by identifying product coding errors in real time so manufacturers can address issues before too many products have been incorrectly marked.

Packaging integrity avoids waste from pre-printed packaging material mistakes by confirming codes are being printed on the material in the right orientation.

Additional Support Available to Access the Solutions:

Markem-Imaje is simultaneously launching a range of financing models so that a wider range of companies can implement the above solutions without necessarily tying up their capital. In addition to direct purchase, manufacturers can lease the solutions or adopt them via subscription with a monthly or quarterly fee.

To complement the above technology solutions, Markem-Imaje is also introducing a Consulting and Integration Services team who can help ensure manufacturers select, integrate and leverage the right solution for their specific needs and environment in the short term, and as objectives evolve over time.

About Markem-Imaje:

Markem-Imaje, a wholly owned subsidiary of Dover, is a trusted world manufacturer of product identification and traceability solutions, offering a full line of reliable and innovative inkjet, thermal transfer, laser, and print and apply label systems.

Markem-Imaje provides global reach to over 50,000 customers with 30 subsidiaries, 6 technology centers, several equipment repair centers and manufacturing plants with the most comprehensive marking and coding portfolio available in the marketplace.

Visit markem-imaje.com for further information.

About Dover: 

Dover is a diversified global manufacturer with annual revenues of approximately $7 billion. We deliver innovative equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services through three operating segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 60 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com. 

Source Dover

Contact:

Markem-Imaje Contact: Christine Bonnet, Global Communications Specialist, +33 4 75 75 55 16, press@markem-imaje.com

Dover Media Contact: Adrian Sakowicz, VP, Communications, (630) 743-5039, asakowicz@dovercorp.com

Dover Investor Contact: Andrey Galiuk, VP, Corporate Development and Investor Relations, (630) 743-5131, agaliuk@dovercorp.com

Web Site: http://www.dovercorporation.com

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