TradeBeyond’s Enhanced Traceability Solution Leverages AI

By Pooja Choudhary On Apr 24, 2024

Introduction

TradeBeyond, a company that helps manage how products move from suppliers to stores, has made big progress in tracking goods. They’re using artificial intelligence to make it easier for brands and stores to see where their products come from and lower the chances of problems in their supply chains. This makes TradeBeyond stand out even more as a leader in this field, as their latest improvements use AI to check documents and make sure products are genuine and safe. This helps meet new rules about environmental, social, and corporate governance (ESG) and makes the whole process more efficient and trustworthy.

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Orders, invoices, bills of lading, and shipping advice are all automatically scanned by TradeBeyond’s enhanced traceability system, which uses AI. To identify any compliance issues, it compiles the chain of custody paperwork and compares important product and shipment papers with various databases of banned businesses. Artificial intelligence may also detect when paperwork is lacking or incomplete, notifying vendors and companies to fill them up before shipment. The Uyghur Forced Labor Prevention Act and other recent worldwide supply chain due diligence legislation have imposed strict requirements on brands and merchants to provide the chain of custody for their items. By improving data quality, visibility, and openness, TradeBeyond’s AI makes it much easier to comply with these rules and practice sustainable sourcing.

Benefits

1. Automated document scanning saves time, ensuring efficiency in reviewing orders, invoices, bills, and shipping documents.
2. Enhanced traceability system compares documents with databases, ensuring compliance and reducing the risk of banned businesses.
3. AI detects incomplete paperwork, alerting vendors to fill gaps and maintain compliance before shipment.
4. Compliance with strict regulations like the Uyghur Forced Labor Prevention Act is facilitated, easing adherence for brands.
5. TradeBeyond’s AI-driven traceability promotes sustainable sourcing, improving data quality, visibility, and transparency in supply chains.

Conclusion

In conclusion, TradeBeyond’s innovative use of AI in tracking goods revolutionizes supply chain management, ensuring compliance with regulations and promoting sustainable sourcing practices for a more efficient and trustworthy process.

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