Supply chain

Most companies have supply chains, which makes it a near certainty that some or all components of their products are sourced from independent local or global suppliers. 

As a result, companies need to know exactly what's going into their products. Therefore they must collect data about those products and services over their entire life cycle (from production, to use, to disposal) in order to understand critically important information. 



Product data records need to be maintained in order to be compliant with various aspects associated with different laws and codes governing products and services. Even when it is voluntary, there are often strategic advantages to doing it.