Retraced unveils AI audit tool for fashion supply chain transparency

Retraced’s artificial intelligence (AI) algorithms enable apparel brands and their suppliers to automate supply chain audit management, collaborate efficiently on sustainability and compliance.

The tool analyzes documents, extracts crucial data points and generates actionable insights in real time to support small CSR teams of major fashion and textile brands.

Retraced explains that the traditional approach to handling supply chain audit certificates has long been plagued by labor-intensive tasks, manual data entry errors and inefficiencies.

The company claimed that the automation significantly reduces the time and effort required for factory audit analyses, allowing fashion companies to prioritize sustainability, social impact and transparency.

Chief technology officer and co-founder of Retraced Peter Merkert said: “Adopting AI to intelligently process and distill insights from audits is the logical first step in Retraced’s journey to transforming supply chain compliance and sustainability practices, importance of AI and supply chain integration is emphasized. .”

  • Automated data extraction: The platform automatically extracts key data points from factory audit documents, including findings, actions, non-compliances and severity ratings
  • Real-time feedback: Users receive real-time feedback on audit documents, enabling rapid review and validation of the extracted data, improved accuracy and efficiency to create impact
  • Intelligent suggestions: Using advanced AI algorithms, Retraced generates intelligent suggestions for actions based on the extracted data, allowing companies to address audit findings with Corrective and Preventive Action Plans (CAPA)
  • User-friendly interface: With a so-called ‘sleek and intuitive’ user interface, the Retraced platform enables CSR managers to easily navigate audit data and take action with confidence.

Retraced chief product officer and co-founder Philipp Mayer commented: “This is just the beginning of our journey with AI. In the future, our vision for the Retraced platform goes beyond audit processing.

Gain access to the most comprehensive company profiles on the market, powered by GlobalData. Save hours of research. Gain competitive advantage.

Company Profile – Free Sample

Your download email will arrive shortly

We have confidence in the unique quality of our company profiles. However, we want you to make the most beneficial decision for your business. That’s why we offer you a free sample that you can download by submitting the form below.

By GlobalData

Please visit our Privacy Policy to learn more about our services, how we may use, process and share your personal data, including information about your rights in relation to your personal data and how to unsubscribe from future marketing communications. Our services are intended for business subscribers and you warrant that the email address provided is your business email address.

“We pioneered the extraction of data to provide comprehensive ESG (Environmental Social & Governance) risk assessments, automatically updating risk scores for audited companies. The point is that we can use AI to help brands and suppliers create a more sustainable future faster and more efficiently.”

Retraced’s AI-powered audit management is currently available in beta for brands in the fashion and textile industries, with plans to come out of beta by the end of April.

In December 2021, Retraced partnered with apparel design, manufacturing and merchandising company Décor Global to launch a traceability solution for cotton and other materials.