Source Intelligence Case Studies RTRS: Ensuring Sustainability in Soy Production through IoT

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	RTRS: Ensuring Sustainability in Soy Production through IoT Source Intelligence

RTRS: Ensuring Sustainability in Soy Production through IoT

Source Intelligence

Technology Category	Platform as a Service (PaaS) - Application Development Platforms
Applicable Industries	Life Sciences
Use Cases	Inventory Management Supply Chain Visibility
Challenge	The Round Table on Responsible Soy (RTRS) is an international initiative that was established in 2006 with the aim of promoting responsible soy production. The organization is committed to ensuring the growth of responsible soy production through the commitment of the main stakeholders in the soy value chain and through a global standard for responsible production. The RTRS standard for responsible soy production includes requirements to halt conversion of areas with high conservation value, to promote best management practices, to ensure fair working conditions, and to respect land tenure claims. However, implementing a certification scheme for production and one for Chain of Custody posed a significant challenge. Read More
About Customer	The customers of the RTRS Trading Platform are the stakeholders in the soy value chain. These include soy producers, buyers of RTRS Certified Material, and market stakeholders. The platform is designed to facilitate their participation in the market of RTRS Responsible Soy. It provides them with a user-friendly interface that allows them to trade RTRS Credits and register RTRS Physical Material sales. The platform also provides them with tools for central registration, monitoring and control of certified product volumes throughout the supply chain. It also facilitates transactions between certified producers and market stakeholders, checks on sustainability claims, and provides management reporting. Read More
Solution	To address this challenge, RTRS introduced the RTRS Trading Platform. This platform facilitates producers and buyers of RTRS Certified Material. It is a technological platform that allows RTRS Credits to be traded and RTRS Physical Material sales to be registered. The platform is designed to be user-friendly, enabling stakeholders to participate in the market of RTRS Responsible Soy with just a few clicks, while ensuring transparency and traceability. The RTRS platform has several functionalities including central registration, monitoring and control of certified product volumes throughout the supply chain, facilitating transactions between certified producers and market stakeholders, checks on sustainability claims, and management reporting. Read More Log in to view content
Contents

Technology Category

Platform as a Service (PaaS) - Application Development Platforms

Applicable Industries

Life Sciences

Use Cases

Inventory Management

Supply Chain Visibility

Challenge

The Round Table on Responsible Soy (RTRS) is an international initiative that was established in 2006 with the aim of promoting responsible soy production. The organization is committed to ensuring the growth of responsible soy production through the commitment of the main stakeholders in the soy value chain and through a global standard for responsible production. The RTRS standard for responsible soy production includes requirements to halt conversion of areas with high conservation value, to promote best management practices, to ensure fair working conditions, and to respect land tenure claims. However, implementing a certification scheme for production and one for Chain of Custody posed a significant challenge.

About Customer

The customers of the RTRS Trading Platform are the stakeholders in the soy value chain. These include soy producers, buyers of RTRS Certified Material, and market stakeholders. The platform is designed to facilitate their participation in the market of RTRS Responsible Soy. It provides them with a user-friendly interface that allows them to trade RTRS Credits and register RTRS Physical Material sales. The platform also provides them with tools for central registration, monitoring and control of certified product volumes throughout the supply chain. It also facilitates transactions between certified producers and market stakeholders, checks on sustainability claims, and provides management reporting.

Solution

To address this challenge, RTRS introduced the RTRS Trading Platform. This platform facilitates producers and buyers of RTRS Certified Material. It is a technological platform that allows RTRS Credits to be traded and RTRS Physical Material sales to be registered. The platform is designed to be user-friendly, enabling stakeholders to participate in the market of RTRS Responsible Soy with just a few clicks, while ensuring transparency and traceability. The RTRS platform has several functionalities including central registration, monitoring and control of certified product volumes throughout the supply chain, facilitating transactions between certified producers and market stakeholders, checks on sustainability claims, and management reporting.

Impact #1	The implementation of the RTRS Trading Platform has significantly improved the operations of the RTRS. It has made it easier for stakeholders to participate in the market of RTRS Responsible Soy, thereby promoting the growth of responsible soy production. The platform has also enhanced transparency and traceability in the soy value chain. It has facilitated the central registration, monitoring and control of certified product volumes throughout the supply chain. It has also made it easier for certified producers and market stakeholders to transact, and for sustainability claims to be checked. Furthermore, the platform has improved management reporting.

Impact #1

The implementation of the RTRS Trading Platform has significantly improved the operations of the RTRS. It has made it easier for stakeholders to participate in the market of RTRS Responsible Soy, thereby promoting the growth of responsible soy production. The platform has also enhanced transparency and traceability in the soy value chain. It has facilitated the central registration, monitoring and control of certified product volumes throughout the supply chain. It has also made it easier for certified producers and market stakeholders to transact, and for sustainability claims to be checked. Furthermore, the platform has improved management reporting.

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Overview

RTRS: Ensuring Sustainability in Soy Production through IoT

Operational Impact