Reducing supply chain disruptions through better supplier collaboration helps both sides lower costs and raise quality. With advanced control of their suppliers and their ingredient supply chain, innovative processors and manufacturers are leveraging Lean principles for cutting inventory levels, improving cash flow, and enhancing their bottom line.
Supplier non-compliance, raw material latency, and supply chain disruptions leave food manufacturers with no choice: they waste money and resources on inventory levels that are too high. With advanced control of their suppliers and their ingredient supply chain, innovative companies are now leveraging Lean principles for cutting inventory levels, improving cash flow, and enhancing their bottom line.
TraceGains’ summer series of webinars is gaining widespread industry attention. The company has partnered with its customers and industry experts to cover relevant topics such as the Food Safety Modernization Act (FSMA), GFSI compliance, ingredient and raw material risk, and foreign supplier verification, to alert and educate the industry on relevant topics that can affect performance, profitability, and customer satisfaction.
Under the Food Safety Modernization Act (FSMA), food manufacturers and processors who import food ingredients and raw materials will be required to implement a Foreign Supplier Verification Program, essentially mandating that foreign suppliers undergo the same rigor and scrutiny as domestic ones. This risk-based monitoring and preventive-control program shifts the burden of proof to importers who must then confirm their goods made from or with these imports are in compliance with U.S. laws and regulations.
A look at importation requirements of the Food Safety Modernization Act and their business implications.
Solution also helps manage SQF Level 3 audit requirements.
Multi-plant enterprises have unique risks and challenges, which include different suppliers for the same ingredient at different plants, different plants for the same supplier, and many other factors that can significantly affect finished-goods cost and quality. The emerging discipline of suppler risk management for enterprises turns food manufacturers’ ingredient specifications into a powerful supplier monitoring and business process improvement tool.
Solution reduces complexity and labor to manage ingredients procured for federal contracts, and for co-manufacturing leading brands sold to retailers and foodservice.
Solution helps company measure and control ingredient and supplier risk across multiple manufacturing locations.