Released on: 31, December 1969
, Author: Thomas R. Cutler Industry: Software Press Release Summary: Business Excellence Reveals Profitabi
, Audience: Software related
rding to TraceGains CEO, Gary Nowacki, notes in the currentissue of Business Excellence, "Brand protection through source verification, meetingcustomer mandates for verified supply and specification product, and risk managementthrough improved food safety and managed recalls are no longer optional, ratherrequirements that yield great profitability. The contamination issue will abate asanother food processor or retailer is reported. The potential financial risk tothese businesses far outweighs the cost of purchasing comprehensive traceabilitytechnology. The ability to regain public trust is questionable. Savinglives....priceless."The critical and profitable aspects of food traceability are significant accordingto manufacturing journalist Thomas R. Cutler in the current issue of BusinessExcellence. Cutler outlines the traceability solutions we need to deal with theincreasing incidence of food contaminationTraceability features must include:# Shift-production for stock to cooler (maintain traceability from cooler to furtherproduction)# Shift-production for process to specific orders (optimized "Meat Block Schedule"based upon truckload or lot attributes).Food safety is profitableNowacki suggested that the issue of food safety is not in opposition to increasedprofitability, and that, "Technology solutions must provide complete animal tocarcass to primal to cut to case-ready traceability at the speed of commerce atminimal cost, while economically meeting marketplace and governmental traceabilityrequirements. Indeed these solutions reduce the potential negative impact and thepotential cost of recalls; speeding up response rates."Beyond the image and obvious need to keep the food supply chain safe, foodprocessors must look for actionable "attribute value foundation" to increase yields,reduce costs, and drive continuous improvement. In doing so, accurate productinventory is provided.Enabling COOL (country of origin labeling) and NAIS (national animal identificationsystem) regulatory compliance is the law. Live animal solutions create exportverification program value opportunities as well as brand differentiation. TraceGains, Inc. (www.TraceGains.com) was founded in 1998 with a 100% focus onPositively Assured Traceability(tm). The company has a patented delivery system-14patents granted and growing-and also is an authorized Issuer of United StatesDepartment of Agriculture Process Verification Program (PVP) Label.By providing real-time, bi-directional Positively Assured Traceability for food,beverage, and CPG supply chains, TraceGains reduces risks to the corporation and itsexecutives, who may become personally liable in case of a recall, if unable tocomply with the FDA's 24-hour traceability requirement. Positively Assured Traceability provides protection to subscribing companies bydelivering:# Continuous attribute visibility for each incoming ingredient receipt.# Identity preservation of each received material across commingling, batching,blending, transformation, co-pack, and re-work.# Creation of a secure Private TraceStream Data Repository which can be used forcontinuous compliance monitoring, constantly comparing on-floor activities withbusiness rules and compliancy requirements.TraceGains is not just about reducing risk; these unique technology solutions helpcompanies turn disparate data into actionable business and value chain intelligence;it turns traceability from a cost center into a profit center. TraceGains customerstypically experience a better than 300% return on investment (ROI), and an averageprofitability increase between 3-5%. Independent, peer-reviewed university studiesconfirm these findings.Only TraceGains provides bi-directional unit-level (item, carton, pallet) PositivelyAssured Traceability to consolidate multiple legacy data sources and reducecorporate recall risk, while simultaneously providing the tools to boostprofitability and cost-effectively improve operational excellence.TraceGains Inc.www.tracegains.comMarc Simony, Director of Marketingtraceability@tracegai ns.com(303)682-9898
Source: Express-Press-Release.com
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