Food Logistics Magazine Reported Survey Results Top Priorities for Food Manufacturers
Westminster, CO -- (SBWIRE) -- 10/27/2014 -- TraceGains, a leader in supplier document management in the food industry, was featured in Food Logistics magazine. The article, authored by manufacturing journalist, Thomas R. Cutler, was titled, “The Survey Says: Leveraging Existing Technology Investments a Top Priority for Food Manufacturers.”
According to Cutler, “Unlike new food companies or those looking to replace long-standing legacy systems, respondents to this survey are seeking solutions that will augment, interface, and cull data from a myriad of sources, from file cabinet folders to ERP systems’ data. A key finding of the survey was some companies were unlikely to change or replace ERP solution in the next three years. Less than 10% of the survey respondents (8%) suggested that their food company would likely change the ERP solution within the next three years. That said, 68% surveyed complained current technology was insufficient to address the needs of audit processes and ever-changing regulatory enforcement. The preponderance of dissatisfaction was amplified when more than half these food leaders (55%) noted they had expected the ERP solution would be sufficient to address these needs.”
Justifying expanding technology solutions require integration of ERP data was a key finding. From the Food Safety Modernization Act (FSMA), with elements still being finalized three years following the enactment of the law, to BRC to ISO2200, these food manufacturing firms identified that exponentially expanding SKUs, thinner margins, and supply chain complexities, were among the named factors driving the need for new technology solutions.
To read the entire article, go to: http://www.foodlogistics.com/article/12007243/the-survey-says-leveraging-existing-technology-investments-a-top-priority-for-food-manufacturers
Food Logistics is the only publication exclusively dedicated to covering the movement of product through the food supply chain. With more than 24,000 subscribers, Food Logistics reaches corporate level executives at food warehouse and distribution centers, as well as on-site vice presidents, directors and managers.
TraceGains (http://www.tracegains.com) 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
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Director of Media and Content