The system works by electronically tracking certified materials for each key product transformation, as well as every time products are transacted between a seller and a buyer. Business rules are built into the system, and inventories are transacted in real-time to reduce operational processing and data turnaround time.
eTransactions establish material accounting at the article level throughout the supply chain, which are dual verified by peer-to-peer validation and third-party certification body transaction approval. Each kilo of certified material is traced, providing real-time visibility of certified inventory transfers in a closed-loop supply chain.
Eligible, certified brands can now register for eTrackit and begin the process of supply chain mapping. H&M Group, Inditex, and Varner are among the brands supporting this new solution.
Throughout December, Textile Exchange will be hosting a series of virtual drop-in sessions to demonstrate the eTrackit system, talk through the eligibility requirements, and answer any stakeholder questions.