Transparent Trade
Solution
Trade smarter and faster with more transparency, efficiency and trust.
Transparent Trade (TT) Yarn 3 - Bluechip digital assets and Connect App “Trade” feature.
Sourcery Partners can effortlessly remit and receive orders, enquiries, offers and commitments in real time, all in one place, and settle contracts efficiently with more confidence and trust.
Solution
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.
Simplify your life with one technology solution that includes everything you need to trade and manage all of your transactions—all in one place.
Connect All in One Place.
Complex
Simple, All in One Place
Trade Smarter. Grow Faster.
Effortlessly send orders and remit, receive and manage enquires, offers and settle spot and forward settle transactions in real-time only with trusted Partners—anytime and anywhere.
Shifting the trade
paradigm
Sourcery aims to shift the trade paradigm by transforming how commercial actors engage, communicate, and trade with each other ensuring each transaction is more transparent, efficient, secure and builds mutual trust from grower to consumer—transforming trade for good.
Transactions
Through the Connect Platform, direct engagement, communication and intelligent negotiation helps to accelerate deal flow and streamline the transaction process bringing greater transparency, efficiency and trust and profitability to your business.
Effortlessly send orders, directly remit and receive and manage all enquiries and offers and settle contracts in real-time—all in one place.
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Brands and Assembly/CMT Manufacturer Partners can send Orders on finished product and fabric ensuring clear ‘demand signaling’ that upstream Partners are prepared to provide transparency, traceability and verified impact on fibre, yarn and fabric from grower to finished product.
Order integrates with most ERP, PLM system using Sourcery Dynamic QR Code solutions that makes it easy to remit and confirm purchase orders.
Lear more here about Sourcery “API first” approach to integration.
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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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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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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 1-2) Protocol.
Learn more here.
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Coming soon.
Vertical enterprises can ‘Transfer” goods between two (2) or more owned, operated or contracted facilities that are registered as a Verified Place in Connect. Transfer does not require a direct commercial transaction to take place, but does require proper transfer documents such as shipping records, inventory logs and balance sheet reconciliation verification.
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Coming soon.
Search and book warehouse, shipping and logistics providers directly with approved freight forwarders or work with our Trade Partners who can store, ship and finance your transaction from the farm to the retail shelf.
Transport includes digital freight forwarding, export, import and final delivery and document processing.
All storage facilities must be registered as a Verified Place.
Coming soon.
Commitments
Looking to build new or strengthen existing supply networks to ensure more transparency, traceability and verified impact on fibre, yarn, fabric and finished goods.
Commitments are pre-transactional frame contracts facilitated by Sourcery on behalf of multiple Partners (three or more) to collaborate, nominate manufacturers and growers and build reliable trading relationships around a specific type, quantity and quality of fibre, yarn and fabric.
Commitments can be initiated by a Brand or select Manufacturer Partners at any level of the value chain and automatically qualify for Direct-to-Grower™ Certification.
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 set goals, select products, engage vendors and define clear and commercial and impact outcomes together—ensuring transparency, fairness and trust with every Transaction (see above) from grower to consumer.
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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.
BlueTrace™ System
Simply by trading, Connect automatically captures the relevant data and documents necessary for chain-of-custody and traceability reporting all in one place giving our Partners full control, privacy and data security that is needed to protect their businesses.
Those who want batch and physical product level traceability can choose the BlueTrace™ System, a universal Permanent Bale Identification (PBI) system giving Partners deeper insights into the origin, quality, composition, and integrity verification of fibre, yarn and fabric.
Using the Connect Platform app, simply scan any bale, cone of yarn or roll of fabric that has the BlueTrace™ System tad tag and immediately see the origin, quality and integrity while you are devanning, managing inventory, preparing for laydown, loading a creel, or preparing for cutting.
BlueTrace System can work alongside any existing PBI ERP, PLM or integrated with any third-party traceability solution provider.
*BlueTrace System is currently underdevelopment and is available as a additional add-on within the Connect Platform. Additional fees may apply.
Real-Time Traceability
The Sourcery Connect is the only system that enables real-time traceability while you transact. Through Transactions and Commitments, achieving end-to-end traceability from grower to consumer is simple.
While you trade, all transactional and chain-of-custody information is automatically captured in one place and securely stored in the Partner Personal Data Vault (PDV) accessible only to the individual user. The data contained in the PDV can be converted into digital assets called Bluechips (Transparent Trade (TT 1-4) Bluechips (pictured above )that can be sold under license ensuring that any licensee can access the only the necessary verified data and documentary proof that is required full transactional traceability and compliance. For more information, please click on the Service Schedule button below.
Transparent Trade Modules
Trust Line
As commercially neutral trade facilitators, the Sourcery Engagement team works closely with our Partners through the Trust Line to ensure transparent, efficiency, safe and honest trade for every transaction.
Partners can register trade disputes and payment defaults with Trust Line, which will be followed by a post-transaction facilitation process and possible binding arbitration between buyer and seller transacting on the Connect. Requires Sourcery Partner membership. Above pictured Trust Line screens are currently under development, however, Partner can report an issue today by following the link below.
Direct-to-Grower™ Certified
Partners who have demonstrated continued commitment to transforming trade for good by having full transparency and impact from grower to consumer can be further recognized and rewarded through the Direct-to-Grower™ Blue, Silver and Gold Certification.*
*Direct-to-Grower Certification is a trade, transparency and process standard that measures positive commercial and operational performance by adopting better business and trade practices. It is not a product, composition, social compliance or sustainability standard. Certification requires meeting minimum volume requirements in Sourcery and purchasing fibre, yarn, fabric and finished goods with Transparent Trade (TT) or Grower Essentials (GE 1) Bluechips.