Q Point Technology’s online Green Data Exchange (GDX) system now includes compliance information from more than 10,000 suppliers — doubling the supplier base from the previous year.
The firm, which provides environmental compliance services for supply chains, says a number of factors contribute to the rapid adoption. The system can be used for any commodity type, including custom and specialty parts, chemicals, bulk materials, and assemblies. Additionally, each company joining instructs all their suppliers to sign up for a free account and use the platform as a more efficient and cost effective means for obtaining compliance information.
GDX is the largest online exchange for compliance data, Q Point says. It also addresses the growing challenge in the supply chain of obtaining and maintaining required regulatory compliance data. With environmental regulations changing frequently, GDX reduces the cost and latency in receiving the latest information from suppliers.