TradeBeyond ‘s latest artificial intelligence tool is helping target quality issues before products ever reach the end consumer.
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The company, which boasts customers like Target , Lululemon and Gap and helps its clients with ESG compliance, announced last week it had brought a new AI-powered capability to the market, which it calls PO Line Risk Rating.
TradeBeyond will now use predictive analytics to assign a risk score to each individual line item on a purchase order (PO) based on country of origin, type of product, materials used to create the product and more. That score could help companies better understand the potential for quality issues or supply chain delays for certain products.
Once determined, a client’s workflow will show the risk ratings assigned to each product, which allows companies to proactively plan audits and inspections on products as needed. The tool also allows teams to set their own risk thresholds for a variety of considerations, which helps ensure the types of issues each individual client would want to root out can be customized in a way that makes sense for the business.
Michael Hung, TradeBeyond’s CEO, said he expects the technology will bolster brands’ ability to identify risks throughout their supply chains.
“TradeBeyond’s customers, including some of the world’s largest brands and retailers, face immense challenges in managing quality and minimizing the risk of faulty products ending up on the shelf,” Hung said in a statement. “Our AI-powered PO Line Risk Rating enhances inspection management and reduces operational costs by minimizing unnecessary inspections on low-risk PO lines. It’s crucial for helping companies improve the quality of their products over time.”
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The new feature integrates into the company’s existing Pivot88 platform, which allows retailers and brands the ability to get insights on a specific product throughout the supply chain. TradeBeyond acquired Pivot88 , once a standalone company, in 2023.
The announcement comes just a few months after TradeBeyond announced it would use AI to help customers more efficiently handle traceability concerns. In April, it expanded its capabilities to allow AI systems to scan orders, invoices, shipping paperwork and other documents critical to the supply chain. From there, the technology can create a chain of custody that a company can verify against outside data sources to identify supply chain risks.
Those upgrades were specifically targeted at helping companies adhere to the growing number of standards they face, particularly when importing goods into the U.S. or EU. The PO Line Risk Rating, though, could help stop quality issues before they ever come to a head in a company’s supply chain.
Hung said the technology shows the importance TradeBeyond places on innovation and looks to serve both its own customers and end consumers of those brands and retailers.
“We are continually investing in AI to provide our clients with the most advanced tools available to achieve unprecedented efficiency and better meet the growing demands of consumers,” he said in a statement.
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