Today, the speed that teams create and launch products makes or breaks brands. Companies now produce more complex and diverse products, with longer, more globally dispersed supply chains. Supply chain quality assurance, ingredient identification, specification creation, and R&D acceleration require seamless collaboration across departments and and with suppliers or co-manufacturers.
TraceGains eliminates internal and external silos, replacing them with a networked platform that connects teams, automates business processes, and standardizes and digitizes supply chain and product documentation so teams can work smarter.
With a single location for all supply chain information and documentation, teams can bring new products to market faster. R&D teams can quickly research suppliers and ingredients. The regulatory department can address claims, label issues, or any other compliance requirements upfront, eliminating downstream delays. Quality can pre-approve ingredients and suppliers while managing the process through approval, and procurement can negotiate price and shipping with suppliers and even recommend alternate suppliers if needed. Finally, suppliers can ensure compliant ingredients enter the supply chain with all required documentation.
We've outlined the top 10 new product development problems and how to avoid them. Download our data sheet now to learn more.