SUSTAINABILITY AND COMPLIANCE – REDUCING RISKS BY ENSURING A TRUSTED INFORMATION EXCHANGE THROUGHOUT THE ENTIRE SUPPLY CHAIN.
Companies demand transparency at all levels of the supply chain – only in this way expectations of regulators and customers regarding the origin, quality and sustainability of products can be met. However, in order to provide appropriate evidence, a trustworthy exchange is often lacking valid data. Information on suppliers and their subcontractors is not sufficiently visible to all parties, and in some cases the information is not disclosed to customers. This leads to an enormous additional effort in proving compliance, which in turn increases costs.
With TRUST&TRACE Compliance Management, companies can keep track of their business partners’ compliance. This enables them to prove the adherence to environmental, social and quality standards for each product in a counterfeit-proof manner. The business partners use the software to provide the necessary compliance information, test certificates and attestations and keep them up to date.
Unlike traditional risk management and product information management systems, TRUST&TRACE provides an environment in which all partners involved in the manufacturing process of a product can be classified as trustworthy as tier-one suppliers. The information required is made visible along the supply chain, while at the same time the anonymity of the company’s supplier pool is maintained.
the following services for sustainability and compliance teams:
- Share social, environmental, and quality compliance information with your business partners and keep track of certificates and credentials throughout your supply chain. In the self-disclosure section, each company can maintain compliance information independently. Companies and products are reviewed by auditors to increase confidence in the compliance information. Linking information from all suppliers makes compliance in supply chains verifiable – and thus creates trust among your customers.
- Keep track of origin and relevant data for each product throughout its entire life cycle. With TRUST&TRACE Product Tracing, product-related data from multiple business partners can be documented in a manipulation-proof and trustworthy manner. This way you meet compliance requirements and quality standards while reducing service costs at the same time.