Westminster, CO -- (SBWIRE) -- 12/17/2010 -- TraceGains, Inc., the industry leader in Actionable Intelligence to help food, nutraceuticals, and related industries automatically reduce costs and improve product quality, has been chosen by a major baked goods food manufacturer to implement a Supplier Compliance monitoring and Enterprise Risk program to reduce supplier risk and minimize ingredient variability across its facilities nationwide.
"Aggregating risk but being able to treat it on a per-plant level is a powerful new management tool that enables our customers to make decisions that will reduce risk, and improve quality, productivity, and profitability of the company as a whole," says Gary Nowacki, CEO of TraceGains.
By proactively and automatically monitoring each Certificate of Analysis at each manufacturing locations, the company gains multiple advantages. Suppliers for the same ingredient in multiple locations can be automatically compared to illuminate, reduce, and predict risk. Ingredients and attribute variability can likewise be illuminated for corrective action and risk prediction.
Significant gains in productivity are achieved, as personnel can now spend more time on high-value tasks such as problem-resolution and testing, instead of on problem identification. Each inbound COA is automatically analyzed for compliance with all desired specifications-often prior to shipment receipt-and automatic alerts are generated and sent to the most appropriate person for evaluation.
The company now has the ability to trend both its suppliers' and ingredient(s) attribute performance on a per-plant and Enterprise basis from a centralized location. The Web-delivered service enables quick decision making at the plant- and headquarters-level, with immediate benefits extending to quality, risk, and strategic sourcing decision-makers.
About TraceGains, Inc.
TraceGains' Web-delivered Supplier Compliance and Supplier Impact subscription helps Quality, Purchasing, and Strategic Sourcing departments at food & beverage makers, restaurant chains, nutraceutical manufacturers-and any company challenged with raw material or ingredient variability-simultaneously reduce costs while improving quality - automatically. Suppliers are continuously evaluated and rank-ordered on new business-critical KPIs which go way beyond the traditional measures of cost and on-time delivery. This actionable intelligence can then be quickly leveraged for supply chain and ingredient optimization, as well as proactive risk mitigation. TraceGains is headquartered near Denver, CO, USA, with direct and partner offices throughout North America, Europe, Latin America, and Asia. More information is available at http://www.tracegains.com.
TraceGains Inc.
http://www.tracegains.com
Marc Simony
Director of Marketing
mms@tracegains.com
303-450-9009