Retail giants from Finland and Norway have recently made strides in their supply chain management and sustainability efforts through a collaborative partnership with TradeBeyond. This collaboration, which initially aimed to tackle challenges in managing private brand products, has now evolved into a sophisticated digital transformation initiative aimed at driving efficiency and sustainability across the supply chain.
Recognizing the limitations of traditional methods, retailers from Finland and Norway embarked on a digital transformation journey with TradeBeyond in 2021. By adopting TradeBeyond’s multi-enterprise platform, they transitioned from manual coordination to a streamlined, digital-first approach. This shift goes beyond technology adoption, fundamentally reimagining supply chain operations for improved cost-efficiency and product tracking.
The initial phase of implementing TradeBeyond’s platform paved the way for comprehensive integration with top-tier quality partners, including SGS, Bureau Veritas, and amfori BSCI. Through these integrations, retailers gain access to real-time digital data and certified audit reports, ensuring compliance with stringent standards. Centralizing critical ESG information enables them to uphold the highest standards of quality and social responsibility throughout the supply chain.
This collaboration with TradeBeyond has yielded significant enhancements in sourcing operations, particularly in On Time in Full (OTIF) performance. This success underscores the tangible benefits of leveraging innovative technology to drive efficiency and sustainability. Beyond delivering high-quality products at competitive prices, the retailers set a benchmark for supply chain optimization and sustainability in the retail industry.
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