TraceGains Automated Supplier Tracking Measures Impact of Each Supplier
All food and beverage manufacturers are you interested in reducing cost of goods manufactured (COGM) by 1-4%. Similarly lowering the cost of poor quality (COPQ) has a direct bottom-line impact. With Supplier Impact, by TraceGains, clients connect product outcomes back to individual supplier's raw materials, and receipts. Knowing how an individual ingredient lot impacts yield, manufacturing set-up, on-the-fly reformulations, and other cost drivers gives important insight into raw material selection, purchasing preferences, and long-term vendor relationships.