TraceGains Highlights Food and Ingredient Supplier Relationship Management Process

Nov. 14, 2014 - PRLog -- How food companies build a process that delivers cost and value improvement every year was profiled by Bill Michels, a leading expert in purchasing and supply chain management, during a TraceGains event.  Michels covered the supplier relationship management process, identifying which suppliers are good candidates for supplier relationship management (SRM), as well as how companies can drive collaboration with suppliers.  The need to establish clear processes through which buyers and suppliers interface and collaborate.

Michels has worked with some of the world's greatest companies across a wide spectrum of industries and countries transforming procurement and the supply chain. While supply chain management, risk, global sourcing, strategic planning, cost, and change management are Michels’ major focus, he also developed many innovative methodologies theories, practices, and tools for the transformation of procurement and the supply chain.

TraceGains provides food and ingredient manufacturers and brokers with a web-based, full-service supplier, compliance, and regulatory document management solution that automates the management of supplier risk, data, and documentation, making companies 365 Audit Ready™.

TraceGains’ cloud-based SaaS solution works with in-house solutions such as quality management systems (QMS), enterprise resource planning (ERP), and product life-cycle management (PLM), to close the loop on upstream risk.  This solution provides collaborative supplier management, and eases compliance with the Food Safety Modernization Act (FSMA), the Global Food Safety Initiative (GFSI), and internal business compliance requirements including hazard analysis and critical control points (HACCP).

TraceGains digitizes all incoming supplier documents, making them easily searchable. TraceGains also extracts critical data and analyzes them against customer-specific business and compliance rules, alerting stakeholders to any non-compliance.

TraceGains’ customers boast a four to six month return on their investment. TraceGains is Food Logistics Top 100 software and technology providers. Learn more about conquering the supplier data revolution at: http://www.tracegains.com/supplier-data-revolution. Follow TraceGains on Twitter @TraceGains.

TraceGains, Inc.
www.tracegains.com
Jennifer Brusco
Director of Media and Content
pr@tracegains.com
720-465-9400