Westminster, CO -- (SBWIRE) -- 07/20/2010 -- TraceGains provides an ROI Calculator and companies enter key business parameters and instantly find out how long the system will take to pay for itself. Often the total cost of Supplier Compliance is recouped in 3 to 6 months. TraceGains’ Supplier compliance is self-funding, with a rapid ROI, and requires no software to purchase. Supplier Compliance monitors all incoming receipts without additional staff, while lowering the cost of goods manufactured (COGM) by 1 – 4 percent, reduces cost of poor quality (COPQ) from charge-back and stocks, eliminates manual CoA review, and automatically rejects out-of-specification material before receipt.
With Supplier Compliance companies quickly and cost-effectively produce safer, higher-quality, and more profitable finished goods resulting in greater customer satisfaction and higher customer loyalty.
Many companies want to cleanse raw material and ingredient specifications and business rules, but do not see a clear payback. TraceGains’ Supplier Compliance changes that equation. By monitoring all incoming receipts against electronic CoAs and automatically ensuring compliance with critical business rules, the payback is clear and significant. The built-in Risk Monitor provides immediate risk assessment in a dashboard format, and suppliers are continuously scored based on performance of key attributes for each shipment and rank ordered against their peers.
TraceGains, Inc. is the SaaS (software as a service) leader in helping companies reduce costs and improve product quality-automatically. Food & Beverage, Quick Service Restaurant Chains, Life Sciences, Chemicals, and related industries can leverage the Supplier Compliance and Supplier Impact applications to eliminate manual certificate of analysis (CoA) review, automatically reject shipments that are not compliant with critical business rules, and rank-order suppliers based on yield, quality, finished-good profitability, customer feedback, or any other downstream outcome. The company is headquartered near Denver, CO, USA, with direct and partner offices throughout North America, Europe, Latin America, and Asia. For more information please visit http://www.tracegains.com.
TraceGains Inc.
http://www.tracegains.com
Marc Simony, Director of Marketing
mms@tracegains.com
(303)682-9898