These 5 SCM softwares can ease the transition into a more transparent supply chain
Supply chain traceability is the next step brands need to implement in order to comply with the new EU reporting rules which will come into effect in 2025 and will cover the fiscal year 2024. These Supply Chain Management softares can help make the transition smoother.
Supply chain transparency is becoming the new standard in the fashion industry – and that is a fact. See how other brands are leading the change.
With the new Corporate Sustainability Reporting Directive (CSRD) implemented by the EU, supply chain traceability represents one of the stepping stones to reaching circularity through overcoming important challenges:
- Locate inefficiencies and avoid disruptions in the supply chain
- Identify the origin of products and materials
- Prove product claims such as “recycled”, “organic”, “vegan”
- Ensure ethical labor is a standard throughout the supply chain
In the next couple of years, brands will have to adapt to these new regulations and increase their supply chain traceability in order to meet the EU’s goal of becoming carbon neutral by 2050, while also providing transparency and accurate information to consumers. This will require an investment in technology and processes such as Supply Chain Management (SCM) software.
Top 5 SCM:
Is a platform that provides transparency and traceability in the supply chain of fashion brands. It uses blockchain technology to create an immutable record of the entire supply chain, from raw materials to finished products. This allows brands to easily track and verify the origin of their products, ensuring compliance with ethical and sustainability standards. One unique benefit of Retraced is its use of blockchain technology, which provides a tamper-proof record of supply chain data.
2. Compare Ethics
Is a software that allows fashion brands to compare and evaluate the ethical and sustainability practices of their suppliers. It uses a proprietary algorithm to score suppliers based on a variety of factors, such as labor rights and environmental impact. This allows brands to make informed decisions about which suppliers to work with, and to monitor and improve their own supply chain practices. A unique benefit of Compare Ethics is its ability to evaluate suppliers using a comprehensive set of ethical and sustainability criteria.
3. Fairly Made
Is a platform that helps fashion brands to identify and work with suppliers that use fair labor practices. It uses a combination of data analysis and on-the-ground inspections to evaluate suppliers, and provides a directory of certified fair labor suppliers for brands to choose from. A unique benefit of Fairly Made is its focus on fair labor practices, which sets it apart from other platforms that may have a broader scope.
Is a platform that provides transparency and traceability in the supply chain of fashion brands. It uses blockchain technology to create an immutable record of the entire supply chain, from raw materials to finished products. This allows brands to easily track and verify the origin of their products, ensuring compliance with ethical and sustainability standards. Provenance also allows for communication between various actors in the supply chain, enabling brands to make more informed decisions. One unique benefit of Provenance is its ability to connect different actors in the supply chain and its flexibility to adapt to different types of products and sectors.
Is a platform that enables fashion brands to track and verify the origin of their products, ensuring compliance with ethical and sustainability standards. Renoon also provides a set of tools to help brands to measure and reduce their environmental impact. A unique benefit of Renoon is its focus on sustainability and environmental impact. The platform provides a set of tools to help brands measure and reduce their environmental impact, such as carbon footprint, water usage, and waste generation. Additionally, the platform connects its partners with conscious consumers via Renoon app, where brands can directly receive feedback from consumers.
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