When it comes to sustainability in supply chains, organizations are transforming the way they approach their sourcing, production, and distribution processes.
Many companies are finding the transition a tricky one, however, and are grappling with various challenges in effectively managing their supply chain sustainability data. From disparate data sources to the complexity of multi-tiered supply networks, navigating the intricacies of sustainability reporting is proving daunting for many.
Businesses often look at their current tech stacks to help solve emerging challenges – a strategy which can be successful in the short term. More often than not, however, they quickly realize that the complexity and expansiveness of collecting, synthesizing, maintaining, and reporting on sustainability data is overly challenging to manage on their own.
Purpose-built technology solutions facilitate better processes, security, and efficiency. This in-turn translates into improved consistency, data integrity, visibility, and disclosures.
Specifically, purpose-built technology can help businesses manage their supply chain data via:
- Versatile data collection methods that can adapt to different input methods and technological maturity
- Consistent and recurring data collection processes to reduce information gaps
- User-friendly interfaces for external users that lowers product adoption barriers
- Automated calculations and unit conversions to get the desired output format without demanding specific input types
- Assurance facilitation and auditing cost efficiencies
- Data visualization and comprehensive up and downstream reporting
