Westminster, CO -- (SBWIRE) -- 07/30/2010 -- The mission at TraceGains (http://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.
According to Jeff Klapp at TraceGains, “The discrete manufacturers’ job is much easier – they have a part number and exact specifications but do not have the variability that food ingredients have. Also, the government allows them to share information much more freely than CPG companies. The range of raw material/ingredient variability is unique to the food supply chain. Thus the business rules based upon variability ranges etc. The discrete manufacturing suppliers supply chain participants are much more visible and easily identified. The food supply chain is much less visible, fragmented, and has many more participants.”
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. 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.
TraceGains Inc.
http://www.tracegains.com
Marc Simony
Director of Marketing
mms@tracegains.com
303-682-9898