Leveraging AI technology and a
supplier-centric philosophy, the solution simplifies the data
collection process, helping to promote accuracy and
compliance
NEW
YORK, Jan. 10, 2025 /PRNewswire/ -- Infor
Nexus™ , the single-instance supply chain network platform
providing unparalleled visibility and collaboration, today
announced NexTrace. This innovative solution is designed to improve
customer transparency and provide a competitive advantage. With the
EU Digital Product Passport (DPP) set to take effect in 2027,
companies need to start preparing now by implementing traceability
solutions. NexTrace can give customers a head start to meet
regulatory requirements like the EU DPP and the Corporate
Sustainability Due Diligence Directive (CSDDD).
NexTrace provides end-to-end transparency by seamlessly tracking
raw material through to finished products and beyond, ensuring full
traceability throughout the entire supply chain journey. It
integrates supplier ESG data and certificates for a holistic view
of sustainability and compliance information. Leveraging AI
technology and a supplier-centric philosophy, NexTrace simplifies
the data collection process, ensuring accuracy and compliance.
"Last June, we launched Map and Trace, which empowers our
customers to map their supply chains and collect documentation from
multiple supplier tiers. Map and Trace provides evidence
of chain of custody compliance with regulations such as the US
UFLPA and the French AGEC law. With NexTrace, we're taking this to
the next level by proactively gathering full-scale item-level
traceability from each tier of the supply chain. This will help our
customers to not only meet upcoming regulations like the EU Digital
Product Passport but also gain a competitive edge by providing
comprehensive data on their products' journey, composition, and
sustainability," said Brian Carelli,
Infor VP, Sustainability and Partnerships.
Meeting regulatory and consumer demands for product traceability
requires collaboration across supply chain tiers. By connecting to
Infor Nexus, companies gain a head start, leveraging an established
ecosystem of over 94,000 brands, retailers, and suppliers already
on the platform. Managing traceability and chain-of-custody data
alongside existing supply chain processes on a unified platform
accelerates progress, boosts efficiency, and reduces reliance on
multiple systems.
NexTrace Capability Highlights:
- Enables seamless lot and item-level tracing by tracking the
movement of raw material lots and batches through their conversion
into finished products
- Leverages AI to collect data from the multiple tiers of
suppliers, while automatically associating transactions from one
tier to the next, helping to reduce the burden on suppliers and
increase data accuracy and tracing efficiency
- Allows suppliers to upload data from existing reports in one
easy step, rather than necessitating manual data entry
- RFID scanning of serialized barcodes at source automatically
links the multi-tier chain of custody data
- Integrates supplier ESG data and certificates with traceability
information, providing a comprehensive view of sustainability and
compliance throughout the supply chain
- Creates a digital link and visualization to share traceability
and product information with consumers, enhancing transparency and
trust throughout the supply chain
- Tracing data automatically updates the network graph creating
linkages between products and materials providing a higher fidelity
map of your supply chain network
"Vendors will be eager to tout their Digital Product Passport
solutions at NRF, but their focus is often on flashy features,
rather than the minutiae of how to feed such data-hungry systems.
At NRF, we look forward to demonstrating how trace data is built
and how to scale a system of this magnitude," said
Carelli.
To learn more about building a more responsible supply chain,
visit
https://www.infor.com/solutions/scm/infor-nexus/sustainability
About Infor Nexus
Infor Nexus™ is the leading global supply chain platform. Infor
Nexus connects a network of over 94,000 brands, retailers,
manufacturers, suppliers, logistics providers and banks on
single-instance network platform to seamlessly orchestrate global
supply chain processes from source through to delivery and payment.
Companies streamline their operations to eliminate inefficiencies
and waste while gaining data-driven insights and optimizing the
flow of capital for improved agility, resilience, and
sustainability. Visit
www.infor.com/solutions/scm/infor-nexus.
Media Contact:
Alexandria Truby
Senior Public Relations Specialist, Infor
Alexandria.Truby@infor.com
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SOURCE Infor