While low cost and high quality may seem to be a contradiction, TraceGains accomplish both by providing powerful new tools to automatically manage suppliers, ingredients, and the many variable outcomes. Data is automatically collected and immediately turned into actionable intelligence.
TraceGains provides subscription services to two complementary solutions—Supplier Compliance and Supplier Impact—that make the supply chain of food manufacturers more transparent and suppliers more accountable, without requiring any process changes from suppliers.
Manufacturing processes are improved because there is a significant reduction in ingredient variability, the cost of manufacturing, and the cost of poor quality. Ultimately, risk is also reduced. Food manufacturers finally have instant knowledge on how individual suppliers affect risk, quality, yield, cost, and customer satisfaction.
Supplier Compliance and Supplier Impact are online subscription services that deploy in weeks, and require no capital expenditure. TraceGains does much of the heavy lifting, including helping to bring suppliers (who incur no cost at all) on board. Implementation is accomplished easily and without support from the IT department.
TraceGains, Inc. (www.tracegains.com)
TraceGains is proven to empower people to quickly solve problems, speed audits, and simplify continuous product improvement. From C-level executives to quality and strategic sourcing departments this supplier document management solution simultaneously reduces costs while improving quality – automatically. Food & beverage makers, restaurant chains, nutraceutical manufacturers, and any company challenged with raw material or ingredient variability can benefit from TraceGains’ supplier compliance and supplier impact solutions.
Companies quickly identify how individual suppliers and raw materials affect product outcomes such as customer satisfaction, profitability, yield, and quality. Suppliers are continuously evaluated and rank-ordered on new business-critical KPIs which go way beyond the traditional measures of cost and on-time delivery.
Actionable intelligence is quickly leveraged for supply chain and ingredient optimization. By automatically reducing ingredient variability, finished goods are more easily and cost-effectively produced, while the cost of poor quality is significantly reduced. Charge-backs and stock-outs are kept to a minimum; purchasing and negotiating power with suppliers is increased. Follow TraceGains on Twitter @tracegains.
Marc Simony, Director of Marketing