The core of a sustainable supply chain
Sustainability has been a hot button issue in the fashion industry for years, with fashion companies around the world vying to prove their green credentials. As consumers become more conscious of the power of their purchasing decisions and the list of environmental laws and regulations gets longer, fashion companies need visibility on their supply chain to drive successful sustainability initiatives.
This visibility lays the foundation for two essential factors in a sustainable supply chain: transparency and traceability. Transparency--disclosing standardized information to enable comparison--is about trust; traceability—ability to discover information about how and when a product is made—is about accountability. The two together will be powerful drivers of change in the industry.
The launch of the Higg Index illustrates the importance with which the industry takes calls for transparency and traceability. However, collecting and centralizing the information used in the Higg Index is no easy task when a company uses Excel sheets, emails and other IT systems to communicate and compile information.
Power successful sustainability initiatives with PLM
This is where PLM comes in. Modern PLM solutions provide fashion and apparel companies with transparency and traceability across all stakeholders and on a global network. With a PLM platform, fashion’s barely traceable supply chain gives way to one of radical transparency.
Companies can adapt their supply chain in alignment with their sustainability goals by tracking ethical and environmental compliance and certifications across departments, products and teams. Not only are companies certain to select sustainable suppliers but they can also improve communication, thereby ensuring greater efficiency and more predictable timelines.
Traceability across the supply chain is a prerequisite for true understanding and eventual improvement of a company’s environmental impact. A PLM platform can serve as a transparency-enabling system that not only helps to ensure ethical and environment compliance throughout the production process but also helps profit margins by reducing overproduction and inventory loss.