SCSUS06-BP01 Enhance your data strategy and exchange capabilities with your trading partners - Supply Chain Lens
Implementation guidance

SCSUS06-BP01 Enhance your data strategy and exchange capabilities with your trading partners

Consider enhancing your data strategy and your data exchange capabilities with external parties and trading partners or providers to address compliance needs (for example, digital product passport, battery passport, and CO2 emissions reports) and to accelerate the path towards your sustainability targets.

Desired outcome: Foster collaboration and compliance across the supply chain by adopting decentralized data exchange strategies (like data spaces) and enhancing data-sharing capabilities.

Benefits of establishing this best practice: Accelerates the achievement of sustainability targets and needs through increased transparency and improved compliance.

Level of risk exposed if this best practice is not established: High

Implementation guidance

Strengthen your data strategy for supply chain and sustainability use cases, and more generally, for the entire organization. If already not in place, consider allocating time and resources to the development of your data strategy, while considering the adoption of decentralized approaches (for example, data spaces) applied to data exchange, to efficiently steer towards adhering to regulations to reach higher levels of compliance and simplify the implementation of use cases that require complex data exchange over the trading partners network.

Implementation steps

  1. Develop a comprehensive data strategy that encompasses supply chain sustainability use cases and organizational requirements.

  2. Evaluate and implement decentralized data exchange approaches (data spaces) to facilitate trading partner data sharing.

  3. Establish secure data sharing protocols that support compliance requirements, such as digital product passport and battery passport.

  4. Configure automated CO2 emissions reporting capabilities that integrate with trading partner systems.

  5. Implement data governance frameworks that maintain compliance with sustainability regulations across partner networks.

  6. Create monitoring and auditing capabilities to track data exchange effectiveness and compliance adherence.