Westminster, CO -- (SBWIRE) -- 08/16/2010 -- 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. TraceGains’ Supplier Compliance and Supplier Impact applications identify how individual suppliers affect finished-goods yield, quality, profitability, customer satisfaction, or any other downstream outcome, giving companies new tools to evaluate their supplier base on much more than just price and on-time delivery. According to Thomas R. Cutler, manufacturing journalist, in the current issue of The Tag44 Food & Beverage News, the company was recently awarded two new patents relating to its core technology, connecting “upstream activities” to “downstream outcomes” across different companies in any supply chain allowing companies to understand suppliers’ true impact. These new patents increase to fourteen the TraceGains’ patent portfolio for its cross-enterprise solutions and technology engine, and both broaden and deepen the range and scope of previously issued patents.
The first new patent enables the ability to normalize and exchange upstream and downstream attribute data among independent systems in different companies, as well as identifying location and event data to help track a product or ingredient in a supply chain and to improve product quality. The second patent revolves around the ability to analyze received upstream data for the purpose of automatically certifying whether a product satisfies a product marketing claim such as whether or not it is counterfeit, whether or not it has been sustainably produced, or any other product marketing claim.
“Many companies receive detailed ingredient information from their suppliers that they then store in paper or electronic filing cabinets, essentially collecting dust,” said Gary Nowacki, CEO of TraceGains. “By turning this data from each company in a supply chain into actionable information, our customers not only automate their QA procedures, they also evaluate their suppliers in a whole new light allowing them to understand better each supplier’s true impact.”
In combination, both patents solidify the ability of TraceGains’ SaaS-delivered Supplier Compliance and Supplier Impact applications to immediately deliver a positive return-on-investment.
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