How to automatically reduce costs and improve quality simultaneously.

Westminster, CO -- (SBWire) -- 02/09/2011 -- Multi-plant enterprises have unique risks and challenges, which include different suppliers for the same ingredient at different plants, different plants for the same supplier, and many other factors that can significantly affect finished-goods cost and quality. The emerging discipline of suppler risk management for enterprises turns food manufacturers’ ingredient specifications into a powerful supplier monitoring and business process improvement tool.

With easy-to-access and understand information for personnel from QA, Purchasing/Strategic Sourcing, and all the way up to the corporate suite, supplier risk management lets enterprises of all sizes make the correct decisions at the right time. Rankings and scorecards let businesses see immediately how well suppliers comply with specifications, how their certificates of analysis (COAs) compare to lab results, how suppliers have performed historically, how they are trending, and what acute risk they may represent to a company today.

On Wednesday, February 9th, at noon Mountain Time, TraceGains will host a webinar to explore how to monitor and control supplier risk at multi-plant enterprises, and how companies can illuminate, reduce, and predict supplier risk to gain a sustainable advantage. Critical questions such as the following can finally be answered in real-time:

• What is my risk today and how is it changing?
• Which supplier is creating the most risk for me at which plant?
• How does the risk from one supplier or group of suppliers compare with another group?
• When an ingredient is multi-sourced, how do suppliers compare and how are they trending?

Interested parties can register for the webinar at: https://www3.gotomeeting.com/register/947699670.

For additional information, email can be sent to mms@tracegains.com.

About TraceGains, Inc.
TraceGains is for food company quality, purchasing, and sourcing managers who are dissatisfied with the high cost and high risk of manual tracking and control of ingredients and suppliers. TraceGains is a complete compliance and risk management solution that automates data from paper or electronic filing cabinets and makes it actionable. Unlike ERP, home-grown, or manual systems, TraceGains’ system continuously controls, illuminates, and predicts risk for each ingredient shipment and supplier certification.

TraceGains has customers in baking mixes, snack foods, dairy, salad dressings, herbs & seasonings, nutraceuticals, dips, glazes & marinades, beverages, frozen foods, flavor manufacturing, large restaurant chains, breakfast cereals, and dietary supplements. More information is available at http://www.tracegains.com.