Longmont, CO, August 11, 2008 --(PR.com
)-- Two, peer-reviewed, university studies have shown that patented traceability technology from TraceGains enhances supply chain visibility and boosts customer profits by 3% to 5% of revenue with a return on investment greater than 300%. These results were found in a wide range of industry segments including livestock, citrus, potatoes, fruits, vegetables and many more. Indeed, any consumer product good can receive similar benefits.
In the past nine years, hundreds of companies have used food traceability solutions from TraceGains to not only reduce their recall risk but also boost their profits.
With proven solutions and hundreds of implementations, return on investment (ROI) and profitability enhancement has been independently confirmed in university studies. Companies’ bottom lines are positively affected through the following results:
· Improved operational efficiency by identifying profit leakages.
· Enhanced product consistency by pinpointing causes of variation.
· Increasing market share by assuring trading partners they are protected with actionable data.
TraceGains, Inc. (www.tracegains.com) was founded in 1998 with a 100% focus on traceability. The company has a patented delivery system —14 patents granted and growing —and also is an Issuer of United States Department of Agriculture Process Verification Program (PVP) Label.
By providing real-time bi-directional supply chain transparency and traceability, TraceGains reduces risks to the corporation and its executives, who may become personally liable in case of a recall. Positively Assured Traceability provides the following essential capabilities:
Continuous attribute visibility for each incoming ingredient received.
Identity preservation across commingling, batching, blending, transformation, and re-work.
Continuous comparison between on-floor activities, business rules, and compliancy requirements.
However, TraceGains not only adds the missing capabilities to protect food companies, its officers and executives, and consumers, but goes beyond to turn data into actionable business intelligence from the floor to the board room.
By using Web Services to interconnect with all leading ERP, SCM, and MES systems, Positively Assured Traceability can deliver compliance with internal business rules, assurance of pedigree claims, enhanced profitability, and increased operational excellence. From the grower, aggregator, manufacturer and processor, to distribution and logistics, and finally the retailer, only TraceGains provides bi-directional unit-level (item, carton, pallet, etc.) traceability while boosting profitability and cost-effectively improving operational excellence.
Marc Simony, Director of Marketing