Product Overview of TradeBeyond
TradeBeyond is a comprehensive and innovative supply chain management platform designed to streamline and optimize the entire supply chain process for retailers, brands, and suppliers. Here’s a detailed look at what the product does and its key features and functionality.
What TradeBeyond Does
TradeBeyond is an end-to-end supply chain solution that integrates multiple modules to manage every aspect of the supply chain, from product ideation and development to production, order management, and delivery. The platform aims to enhance efficiency, transparency, and sustainability across the supply chain.
Key Features and Functionality
Supplier Management
TradeBeyond offers a centralized hub for all supplier information, enabling efficient selection, onboarding, and monitoring of suppliers. The platform provides traceability tools to map the supply chain to the Nth-tier, ensuring clear visibility into vendor relationships.
Product Management
The platform includes a powerful Product Lifecycle Management (PLM) system that goes beyond traditional PLMs. It allows designers to collaboratively develop collections, finalize designs, and approve samples with high efficiency. This module supports the entire product development process, from ideation to production.
Sourcing and Costing Management
TradeBeyond’s Sourcing and Costing Management solution simplifies the process of comparing quotes and managing Requests for Quotations (RFQs). It eliminates the need for spreadsheets and manual communication, centralizing all communications related to each product.
Order Management
The Order Management module enables teams to collaboratively prepare, share, and update orders. It tracks every change in the order, eliminates spreadsheet discrepancies, and allows for the booking of shipments with a single click.
Quality Management
TradeBeyond’s Quality Management solution interfaces with third-party testing organizations to create a central repository of inspection reports. It speeds up sample management and assessment processes using AI tools to flag potential quality risks early, ensuring proactive issue resolution.
Sustainability / Compliance Management
This module ensures both social and environmental sustainability while monitoring compliance across all tiers of the supply chain. It includes AI-powered chain of custody capabilities, traceability tools, and carbon reduction solutions to enhance transparency and reduce environmental impact.
Chain of Custody Management
TradeBeyond has introduced a powerful chain of custody management suite that enables businesses to track and verify the origins of their products. This suite automates the collection, compilation, and organization of chain of custody documentation, including invoices, declarations, and bills of lading. It ensures compliance with global due diligence laws, such as the Uyghur Forced Labor Prevention Act, by providing the necessary documentation to U.S. Customs and preventing shipping detainments.
AI-Powered Traceability
The platform leverages artificial intelligence to enhance traceability. AI automatically scans documents, verifies the authenticity and integrity of products, and checks critical documents against multiple databases for compliance risks. This feature identifies gaps or missing documentation and alerts businesses and suppliers for resolution before shipping, significantly simplifying compliance with recent global supply chain regulations.
Real-Time Communication and Visibility
TradeBeyond provides real-time communication tools and visual dashboards that show the status of orders and chain of custody documentation. Smart notifications alert users about unmet requirements, ensuring timely resolution of issues and preventing last-minute holdups.
Additional Benefits
- Integration and Compatibility: The platform is designed to scale with the unique needs of each business and is compatible with existing software systems.
- Community and Networking: TradeBeyond offers a digital showroom where retailers, brands, suppliers, and factories can connect, source products, and collaborate in real-time.
- ESG Enhancements: The platform includes integrations with sustainability databases like amfori, Higg, and WRAP, and expanded supply chain mapping capabilities to support sustainability initiatives.
In summary, TradeBeyond is a robust supply chain management platform that offers a suite of modular solutions to streamline product development, sourcing, order management, quality control, and compliance. Its advanced features, including AI-powered traceability and chain of custody management, make it an essential tool for brands and retailers aiming to achieve more efficient, responsible, and sustainable supply chains.