Profit Optimization Central to TraceGains Mission

Westminster, CO -- (SBWire) -- 05/18/2010 -- TraceGains’ Profit Optimizer enables businesses to find and analyze the most critical value chain connections and sources of impact. Poorly performing suppliers can be properly counseled or replaced, and adverse internal events or practices can be minimized or eliminated entirely. By correlating and analyzing previously disparate data sets in the value chain, only TraceGains makes it possible to connect upstream inputs, suppliers, and raw materials to downstream outcomes such as product quality or customer satisfaction. Companies can then coach or replace poorly performing suppliers and counteract profit-draining events within the enterprise, and also perpetuate positive practices internally and throughout the supply chain, to achieve complete profit optimization.

According to Gary Nowacki, CEO of TraceGains, “You can’t mine for profits until the puzzle pieces are connected. Data that has been analyzed is information. Connecting upstream supply chain activities to value chain events and downstream outcomes, (such as quality or customer satisfaction), turns data into actionable enterprise intelligence.” Profit optimization is not an accounting practice, but a sophisticated set of business analytics that organizes data from independent systems to deliver full value chain intelligence. By maintaining the complete product identity and genealogy such as inputs, suppliers, raw materials, all the way to finished goods and into retail, every critical event and attribute can be analyzed for its impact on profitability.

Brand Authentication leads to higher profits. Being able to measure and authenticate any brand and pedigree claim such as pH levels, carbon footprint, origin, organic is critical for product differentiation and pricing. With TraceGains’ authenticated pedigree data mart, business can deliver proof to the marketplace about critical brand claims, and substantiate powerful marketing messages.

As a new way to speed continuous improvement efforts, actionable data will optimally catch problems before defective, damaged, or faulty materials or ingredients are worked into finished goods. Actionable data in practice should minimize manufacturing costs while maximizing finished goods quality and profitability. Nowacki recently addressed the premise of actionable data: “Connecting the supply chain ‘dots’ from raw materials to finished goods ensures supplier compliance and measures supplier impact, and when leveraged correctly results in new profits.”

The mission at TraceGains (www.TraceGains.com) is to make the food supply chain safer and more profitable by helping companies produce finished goods faster, better, and more cost-effectively. Supplier Compliance is a food safety firewall that allows companies to detect and eliminate problems in the supply chain before they are incorporated into finished goods and shipped to customers. By reducing ingredient variability, the finished product becomes less costly to manufacture, performs better, and ultimately increases customer satisfaction. Supplier Impact enables companies to easily measure how each supplier affects finished goods quality and profitability, and connects product outcomes and customer feedback to specific upstream ingredient suppliers. Suppliers are continuously scored based on performance of key attributes for each shipment, and rank ordered against their peers. Effective product recalls are accelerated and performed at the unit level, so recall costs, long-term brand damage, and brand rehabilitation costs are minimized. All TraceGains solutions present findings in easy-to-understand dashboard graphics with full drilldown capabilities, which are available for onsite deployment or delivered as SaaS (software-as-a-service).

TraceGains Inc.
http://www.tracegains.com
Marc Simony, Director of Marketing
traceability@tracegains.com
(303) 682-9898