With seismic shifts in consumer priorities and changing sales channels, pressure for food, beverage, and supplement companies to innovate is at an all-time high. The ability to bring products to market faster requires increased efficiency and speed at every stage of product development.
Supply chain quality assurance, ingredient identification, and R&D acceleration require a new working paradigm between supplier and their customers. External and internal knowledge silos must be eliminated and replaced by collaborative platforms that connect all stakeholders, streamline workflows, and scale without adding more headcount.
In this four-part webinar series, industry veteran and TraceGains CEO Gary Nowacki investigates the obstacles facing food, beverage, and supplement companies as they struggle to stay competitive in increasingly crowded markets and discuss how AI and automation can help break down barriers to bring safe products to market faster.
Join us for the entire series or whichever part best suits your role.
The initial stages of new product development are typically gated first by whether the product proposal is aligned with business goals and strategy, and then by market potential. The business tasks at this stage - market research, substantiating claims, recipe formulation, and pre-approval of ingredients, suppliers, and packaging – are laborious and time-consuming.
This webinar discusses how product manufacturers can increase internal collaboration, immediately identify and communicate with suppliers, and find better ingredients at lower prices to get products approved faster.
The development stage of new product development tests whether a product can be built within known constraints. This stage typically involves several departments and requires a lot of paperwork and approvals that can be slowed down or even stalled with inefficient back and forth communication.
With TraceGains you can create cross-department workflows to greatly enhance internal collaboration so nothing falls through the cracks and issues are visible in real-time. You can also streamline supplier approval, manage specifications, and monitor quality all within one platform saving time, paper, and money.
The scale-up stage of new product development involves an operations assessment to ensure your plant floor can handle production. You also need to finalize specifications and approve labels.
TraceGains allows you to automatically share specifications with suppliers and send alerts if anything is out of compliance.
TraceGains complements existing PLM systems by providing necessary documentation and allowing you to extract, report and act on data that was previously unutilized.
TraceGains continuously monitors your production pre-and-post product launch. The system automatically captures non-conformances, such as inconsistencies between COA declarations and lab results. It also allows you to make an informed decision when it comes time to release goods to customers.
In this phase of new product development, it’s critical to catch issues in real-time and to communicate accurately and quickly. TraceGains acts as an early warning system for managing supplier shipments which will save money, time, and your company’s reputation.