Transaction Traceability
Verify the end-to-end supply chain by compiling a best-in-class audit trail
Traceability is the New Normal
Regulation requires companies to validate the extended supply chain, and the best way to achieve that is through a comprehensive chain of custody audit trail backed by transaction documents.
Traceability Offers Continuous Due Diligence
By monitoring every shipment and delivery of raw materials for anomalies, traceability provides continuous due diligence that far outperforms sample-based audits. It's real-time assurance that your supply chain is as it should be.
Before Blockchain, a Trusted Authority
Before you write any traceability to the blockchain (or the cloud) be sure that it's being validated by a trusted authority. That's where Sourcemap comes in: deploying the first data science aimed at rooting out raw materials fraud by analyzing every transaction, every day.
Audits and Certifications You Substantiate
Sourcemap's traceability audit trail is second-to-none: every transaction, every audit, with meta-data captured and cross-referencing with the best-available trade and production statistics. With traceability, you can verify the verifiers.
Claims You Can Take to the Bank
Make authenticity and sustainability claims you can take to the bank: traceability by Sourcemap means you have the industry's best diligence over your end-to-end supply chain, and trust us: it pays.
FAQs
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People have been mapping supply chains as long as they’ve been making maps. But traditional maps only provide a summary view - they don't show how supply chains change in real time. Modern supply chain mapping is the process of engaging across companies and suppliers to document the exact source of every material, every process and every shipment involved in bringing goods to market. Accurate supply chain mapping only became possible with the rise of online maps and the social web. The first online supply chain mapping platform was developed at the Massachusetts Institute of Technology in 2008 (the underlying open source technology is the basis for Sourcemap). Read More
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The concept of supply chain transparency was virtually unknown 15 years ago, yet today it commands the attention of mid- and senior-level managers across a broad spectrum of companies and industries.
The reasons for this increased interest are clear: Companies are under pressure from governments, consumers, NGOs, and other stakeholders to divulge more information about their supply chains, and the reputational cost of failing to meet these demands can be high. For example, food companies are facing more demand for supply-chain-related information about ingredients, food fraud, animal welfare, and child labor. Less clear, however, is how to define transparency in a supply chain context and the extent to which companies should pursue it: an MIT study that mapped definitions of supply chain transparency related to labor practices in the apparel industry found vastly different definitions across organizations.
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Companies are under increased pressure from governments and regulators to ensure that their products are compliant with human rights and environmental standards. The only way for companies to ensure their supply chains are "clean" is by mapping their supply chains down the raw materials using auditable, verifiable data.
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Downstream is logistics. Where are the pair of sneakers that I ordered, and when will they arrive from the warehouse to the store? Sourcemap is not a logistics solution provider.
Sourcemap maps the end to end upstream supply chain. Where was the leather sourced that was used to make that pair of sneakers, and how many suppliers did that pair of sneakers have to go through as it was being made?