A sustainable supply chain is one that aims to integrate business practices that are ethical and environmentally responsible. End-to-end supply chain transparency is critical to remain competitive and successful in a new world order. For every organization, sustainability initiatives must extend from raw materials sourcing to last-mile logistics, and even recycling of process waste.
Digital transformation and growing sophistication of digital data trail in supply chain are playing a critical role in the journey towards sustainability. Big Data and analytics, artificial intelligence (AI), and authentication of data are becoming integral part of modern supply chains for better transparency and accountability. Companies now have a much greater obligation to its stakeholders to demonstrate corporate social responsibility and to share best practices.
Ethical supply chain practices, compliance goals and sustainability benchmarks are becoming greater and more immediate priority for businesses, big or small. There is now a greater realization that socially responsible products and business practices and products are not only good for people and the planet, but are also key to positive brand image, long-term profitability and competitive advantage.
ABOUT GREENTRACE
GreenTrace is a B2B platform offered by InQube Innoventures Limited as a digital tool towards this new paradigm of business sustainability. The platform can be used by enterprises of any size in a SaaS (Software as a Service) model with necessary customizations.
GreenTrace offers end-to-end digital integration of the supply chain - from sourcing of raw materials to producing consumer ready products. The platform auto-generates QR codes for complete traceability of inventory, as well as finished products - which are updated on a real-time basis with movement of inventory. Quality Assurance and Value Chain transparency helps organizations to build their brands and creates provenance data trail for socially responsible business practice. Whether it is business like leather, garment and textile, electronics, pharmaceutical, food or creative sectors like handicrafts or craft products - GreenTrace is ready to digitally empower the value chain. Advanced options are available for blockchain based authentication, if the business demands so.
GreenTrace works towards the vision for digital inclusion - so that even the smallest of organizations can access the latest technology using its SaaS platform and only pays to the extent of usage. No need to invest to build software platforms - get it ready today and start using.
Let us join hands and build a better world. To know more about the company, visit www.inqube.biz