Before talking about supply chain audits, it is important to take a step back and explain what it is. traceability as it is popularly known, or traceability in translation, and why it is so important for large enterprises.
Traceability, as the name suggests, is the ability of a given manufacturer to track the history, application or location of an item, product or raw material throughout the entire supply chain, from the origin to the end consumer.
This process is of fundamental importance, especially for large ventures, since we have large investors behind them investing money. Before making any investment, investors usually not only evaluate the numbers that can be provided, but also the “pickles” that can compromise them.
On the “investor relations” pages of a given listed company, investors, after evaluating the numbers, visit the ESG (Environmental, Social and Governance) section, looking for “levers” (positive points) or “pickles” (negative points).
For example, in the social sphere, if a company violates human rights in some way, it can be penalized in various ways and harm its results, causing investors to try to sell their shares.
In this way, traceability is directly linked to the manufacture of equipment, especially those that have several stages in the supply chain, not all of which are always made by the same manufacturer, such as photovoltaic modules and even batteries.
The full technical article was published in the 29th issue of the Journal Canal Solar. Click here and download now for free!
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