Westminster, CO -- (SBWIRE) -- 05/26/2010 -- According to Jeff Klapp at TraceGains, “Actionable Intelligence is what matters and traceability is absolutely an afterthought because in the process of collecting actionable intelligence, traceability data is axiomatically captured. Most food and CPG companies’ quality personnel hold the perception “traceability is already handled.” What is needed is the ability to look at Supplier Compliance and Impacts to improve downstream visibility through the value chain …this results in improved quality attributes from upstream supplier compliance.”
The mission at TraceGains (www.TraceGains.com) is to protect the brand of food and beverage clients by eliminating problems before product is shipped to the customer. This mission is in now way mutually exclusive from identifying new profit opportunities. 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.
Klapp believes, “Overall visibility creates actionable intelligence which eliminates latency (or bad information.) While quality, safety, and regulatory issues may be the initial reason for a conversation, it is the ability to utilize strategic sourcing and procurement from actionable intelligence that drives a clear path to rapid ROI. The ability to trend and benchmark creates a transparent and visible path to quality data across the supply chain by eliminating silos of data sources.”
TraceGains makes 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