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Having existing relationships with your supply-chain partners does not mean that organizations cannot adapt better ways to engage with them. Upon securing the desired trading partners, companies must then connect with them via a collaborative platform, such as Seanode, in order to establish a digital supply chain.
Ideally, the collaboration needs to be via cloud-based, data-integration environment, which allows the supply chain platform to scale in line with changing consumer demands and fluctuating market conditions. Embracing a digital supply chain also helps to prevent the falsification of manual, paper-based supply-chain documents, and therefore indirectly reduces the amount of counterfeit parts entering the supply chain, especially in the aftermarket sector.
Before embarking on an ethical-supply chain strategy, organizations must first locate trading partners who share the same ethical practices and ambitions. You can search for potential partners based on specific criteria — for example, whether the business in question maintains sustainable working practices, uses sustainable materials in its products, and/or engages in fair labor practices. It’s imperative that companies be able to trust the partners they work with, to ensure ethical working practices across the end-to-end supply chain.
Executing a strategic sourcing program with new supplier information and appropriate onboarding processes to find the right suppliers that can perform despite the volatility of today’s marketplace is one of the biggest factors of sustainable supply-chain sourcing.
The key to building trust and protecting the reputation of an entity is knowing the source of all the parts that make up a product. Leveraging technology behind digital supply-chains, organizations can improve supply-chain visibility by tracking both the movement and condition of shipments. IoT sensors and AIS technology measure the temperature of frozen or perishable goods, shock levels as fragile goods are moved, and the location of expensive items via the global positioning system (GPS). In doing so, shippers can help to ensure against spoilage, damage and theft.
Ethical practices and sustainable governance is not a one-off task. It needs to be managed in a continuous manner, and companies must think about how they can improve day-to-day collaboration within their supply-chains to achieve this. Effective collaboration with trading partners helps to drive greater adoption and adherence to ethical sourcing practices. The networks of supply-chains still remain disconnected in real-time, which is restricting a globally unified trade community.
Collaboration platforms can help to encourage this. After all, it’s difficult to collaborate with suppliers if they are not on the same digital infrastructure as yourself.
Invite, engage, and trade with your suppliers via Seanode platform, and ensure ethical sourcing with just a few clicks!
Contact our accounts team to learn more about Seanode today.