TraceGains helps Quality and Strategic Sourcing departments simultaneously reduce costs while improving quality – automatically. Food & beverage makers, restaurant chains, nutraceutical manufacturers, and any company challenged with raw material or ingredient variability can benefit from TraceGains’ Supplier Compliance and Supplier Impact solutions.
Companies can quickly identify how individual suppliers and raw materials affect product outcomes such as customer satisfaction, profitability, yield, and quality. 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. By automatically reducing ingredient variability, finished goods are more easily and cost-effectively produced, while the cost of poor quality is significantly reduced. Charge-backs and stock-outs are kept to a minimum, while purchasing and negotiating power with suppliers is increased.
By achieving 100% actionable visibility on all incoming COAs, often before product receipt, companies can move to exception-based management, allowing staff to focus on higher-value tasks such as advanced quality control, strategic sourcing, proactive supplier management, and better customer service.
Specialties
supplier risk management, supplier compliance, actionable intelligence, ingredient risk, supplier performance management, raw material risk, FSMA, GFSI
