The time required to substantiate ingredient, supplier, and label claims frequently create bottlenecks during the product development process, making it that much more challenging for teams to get new products in the hands of customers rapidly.
Invalid label claims also present substantial risks, such as product recalls, failed audits, brand damage, and regulatory fines.
Because regulators hold claims substantiation data to more demanding standards than traditional market research, manufacturers must compile evidence that can endure the scrutiny of competitors and regulators.
We wanted to make it easier. TraceGains leverages existing supply chain data, specifications, and product-related intelligence to build better claims. We also provide instant access to more than two million supplier-provided documents and a library of more than 300,000 digitally integrated scientific studies to substantiate claims for ingredients and recipes. Once teams pinpoint the documentation they need, they can link it directly to the ingredient or claim, ensuring all associated formulas or recipes include the appropriate documentation.
The TraceGains Networked Product Development suite breaks down internal and external silos, replacing them with a networked platform that links teams, automates business processes, and standardizes and digitizes supply chain and product documentation. As a result, teams can upgrade manual processes to automated results by digitally modeling recipe variations and streamlining new product development for better, faster innovation.
Your company can improve claims management with Networked Formula Management. Download our data sheet now to find out more.