Transparent Trade
Solution
Trust is a prerequisite for transparency, traceability and impact.
Transparent Trade (TT) Yarn 3 - Bluechip digital assets and Connect App “Trade” feature.
Deeper engagement, true collaboration (hint: sharing risk and reward) and building mutual trust and shared equity in trade are prerequisites for more transparent, traceable and impactful cotton sector.
Sourcery Partners can effortlessly send orders, remit and receive spot and forward enquiries and offers in real time and settle contracts with more confidence and trust while benefitting from real-time transactional traceability from grower to consumer.
Solutions
Transactions
Using the power of digital trade, Partners can effortlessly send orders, remit and receive spot and forward enquiries and offers in real time and settle contracts with confidence and trust driving more transparency, efficient and impact at scale.
Commitments
Commitments are pre-transactional frame contract agreements between multiple Partners to collaborate, nominate and transact specific fibre or products with enhanced levels of transparency, integrity, traceability and verified impact from grower to consumer.
BlueTrace™ System
BlueTrace™ System introduces a global Permanent Bale Identification (PBI) tracking system that includes real-time physical and digital transactional traceability, quality assurance on fibre, yarn and fabric.
Trade Effortlessly
The Connect Platform allows you to send orders and remit and receive enquires, offers and commitments and settle contracts effortlessly and in real-time with more transparency, efficiency and trust.
Transactions
Using the power of digital trade, Partners can effortlessly remit and receive orders, enquiries and offers in real-time and settle contract with more confidence and trust.
Through the Connect Platform, direct engagement, communication and clear negotiation helps to streamline transactions bringing greater transparency, efficiency and trust in trade— accelerating the transformation of trade for good.
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Direct Trade enables Sourcery Growers, Aggregator and Processor Partners to record all transactions on raw materials at the farm gate, market or processor facility ensuring traceability down the the farm level.
Available only to Grower Partners who have adopted the Impact and Assurance Grower Essentials (GE 1-4) Protocol.
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Enquiry
Manufacturer and Trade Partner can effortlessly remit, receive and manage all of your spot and forward enquires for fibre, yarn and fabric in one place-having greater visibility and access to sellers while ensuring transparency, efficiency, security and trust with every transaction.
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Offer
Grower and Manufacturer can effortlessly remit, receive and manage all of your spot and forward offers for fibre, yarn and fabric in one place-and trading with more buyers with more efficiency, security and trust with every transaction.
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Brands and Assembly/CMT Manufacturer Partners can send “Direct-to-Grower Orders” on finsihed product and fabric ensuring that upstream Partners can provide the transparency, traceability and verified impact on fibre, yarn and fabric.
Order integrates with any ERP, PLM system using Sourcery Dynamic QR Code solutions that makes it easy to remit and confirm purchase orders.
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Transport
Search and book warehouse, shipping and logistics providers to ensure fast and efficient transactions while giving buyers the ability to see their goods move around the world in real-time.
Transfer
Vertical enterprises can ‘Transfer” goods between two (2) or more owned, operated or contracted Verified Places without direct commercial transaction on yarn, fabric or finished goods.
Looking to build new or strengthen existing supply networks to ensure more transparency, traceability and impact from grower to consumer?
Commitments are pre-transactional frame contracts facilitated by Sourcery on behalf of multiple Partners (three or more) to collaborate, nominate growers or manufacturers and trade a specific type, quantity and quality of fibre, yarn and fabric at a future date ensuing more transparent, efficient and impactful trade.
The Commitment process follows a three step approach that includes Planning, Engagement and making a Commitment. Throughout this process, Sourcery’s team of engagement and trade professionals support our Partners to select products, engage vendors and define clear and commercial and impact requirements together—ensuring transparency, fairness and trust with every Order and Transaction.
Commitments can be initiated by Brand or sekect Manufacturer Partner at any level of the value chain.
Commitments
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A Vertical Commitment includes multi-tier (Tier 1-4) frame contracts agreement(s) between a nominating Partner (usually a Brand), a Grower Partner (and/or) and one or more Manufacturer Partner outlining commercial, impact and traceability requirements that ensure future purchase intent on fibre, yarn (and fabric) and finished goods.
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A Horizontal Commitment includes single tier (Tier 2 or Tier 3) frame contracts agreement(s) between two (2) or more Manufacturer Partners who choose to purchase fibre, yarn or fabric together.
Horizontal Commitments define commercial, impact and traceability requirements that ensure future purchase intent.
Horizontal Commitments can be formed within any Vertical Commitment Agreement structure where two (2) or more Manufacturers (e.g. yarn suppliers) exist within the same tier.
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Following Vertical and Horizontal Commitment frame contract agreement, nominating Partners can remit Direct-to-Grower Orders directly on finished goods and fabrics (see Transactions) and transact directly and indirector on fibre and yarn.
Products ordered, transacted, processed and received adhere to the time line, quality, supply, pricing and social and environmental requirements set-forth in the underlying Commitment Agreement between Partners.
BlueTrace™ System
The BlueTrace™ System introduces a global Permanent Bale Identification (PBI) system that includes real-time physical and digital transactional traceability.
Using the Connect App, Partners can scan a any bale, cone of yarn or roll of fabric in real-time and can have immediate insight into origin, quality, composition, and integrity verification of fibre, yarn and fabric ensuring transparency, efficiency, and mitigated counter-party risk with each transaction.
Integration
BlueTrace™ can deployed and integrated alongside existing Permanent Bale Identification (PBI) systems and connected to any ERP or PLM solution traceability software provider or used with any physical marker technology for forensic composition verification.
*BlueTrace System is currently underdevelopment and is available as a additional add-on within the Connect Platform.
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The BlueTrace™ System for fibre is available to all Grower Partner processor (gins). It gives gins the ability to collect and test samples using trained third-party auditors for drawing samples and qualified labs for testing include 100% HVI testing and quality testing reports.
In addition, BlueTraceTM can also include origin, composition and integrity data to ensure the authenticity and traceability of fibre.
Currently planned for pilot for MY 2025/26 season.
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The BlueTrace™ System is available to all Partner Manufacturing Partners who process fibre and spin yarn.
BlueTrace™ for yarn includes deployment of a a proprietary RFID tag that is placed inside the cone for real-time tracking ensuring each cone placed onto a knitting or weaving machines can be tracked back to the location, time and equipment where laydown occured ensuring the composition and quality of each cone is verified.
Partners can choose to have samples drawn to conduct third-party Uster 5/7 testing as well as laboratory composition analysis and integrity for added assurance.
Under development for planned future release.
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Similar to the BlueTrace™ for yarn solution, a proprietary tag is placed on the inside of each fabric roll (or as hangtag) so that each roll of fabric can be tracked back to the location, time, machine, technician processed the fabric.
Under development for planned future release.
Real-Time Traceability
The Sourcery Connect is the only system that enables real-time traceability while you transact on fibre, yarn and fabric.
While you trade, all transactional and chain-of-custody information is automatically captured in one place and securely stored in digital assets called Transparent Trade (TT 1-4) Bluechips (non-fungible tokens) that contain all of the verified data and documentary proof required full transactional traceability and compliance from grower to consumer.
Transparent Trade Modules
Shifting the trade
paradigm
With every order placed on fibre, yarn, fabric via Connect Platform, Sourcery aims to shift the trade paradigm by transforming how commercial actors engage, communicate, and trade with each other ensuring each transaction is transparent, efficient and is build on trust.
Transparency
Transparency is more than understanding what is happening in your value chain, it’s understanding why things happen in your value chain. Sourcery’s role as a commercially neutral sourcing and digital trade platforms gives Grower, Manufacturer, Trade and Brand Partners a new set of tools that enables deeper collaboration, builds mutual trust that leads to true transparency (without a concern for margin supression or repuational backlash).
Efficiency
From grower to consumer, there exists many ‘trade inefficiencies’ which occur across traditional ‘push-based’ commodity supply networks. These trade inefficiencies and supply networks can increase costs, risk, volatility, and opacity that can disadvantage growers, manufacturers and brands.
Sourcery has identifed as many as 32 ‘trade inefficiencies’ including volatility, high interest rates, long payment terms, burdenson reporting and administration and others. Together, working with our Partners, many of these can be addressed in streamlined and reducing costs, riss and improving transactional deal flow and speed.
*Sourcery has adopted and applied principles of Sigma 6 and the Toyota Production System (TPS) through Transparent Trade Solution.
Trust
Trust is everything in trade. Sourcery Partner’s businesses are built around establishing mutually beneficial and resilient relationships with their vendors and clients. These relationships are built on trust and serve as the backbone for establishing transparent, efficient and secure trade via Sourcery.
Through Sourcery and our Connect Platform, our Partners can more effectively communicate, collaborate and commit to each other by following better trade practices that are essential for transforming trade for good.
Sourcery is also a member of the International Cotton Association (ICA) and follow the Rules and Bylaws to ensure that all transaction on fibre (yarn and fabric) adhere to safe trading principals.