Supplier Management Now With Market Hub
Connecting Is Easy.
Customer and Supplier Friction Is Gone.
Companies Struggle to Qualify, Approve, and Manage Suppliers and Their Data
Food, beverage, and CPG companies have unique challenges:
- FSMA, GFSI, and risk mitigation require manufacturers to collect and review massive amounts of documentation and data for their suppliers and items.
- The qualification process for suppliers and items is labor-intensive and inefficient, using outmoded tools such as email and spreadsheets.
- Companies have limited visibility into the performance of suppliers and their items.
- Suppliers are backlogged and slow to respond to requests, often filling out the same forms and answering the same questions again and again.
- When forms are collected, they are filed away and the data cannot be mined for business insights such as risk profiling, trending, and other key information.
Supplier Management Can Fix It
TraceGains Supplier Management streamlines supplier qualification and sourcing by collecting and digitizing supplier documents, extracting the relevant data, and arranging it into performance dashboards and reports. Teams can choose standard or custom dashboards for allergen, organic, country of origin, nutrition, risk analysis, and other mission-critical data. Suppliers receive automatic alerts when documents are missing, incomplete, or about to expire, so everything stays up to date.
Teams connect with suppliers on TraceGains Network and get instant access to the documents and supply chain information they need. On average, companies find 80% of their suppliers already on TraceGains Network, allowing them to instantly connect and collaborate.
Did You Know?
If you own TraceGains Supplier Management, you also own Market Hub? We want to ensure that in addition to better supplier relationships you can also quickly source what you need.
Highlights risk by supplier, item, and geography, identifying the most critical threats to the business
Centralizes document management so users can quickly search, filter, and organize
Cuts audit preparation time from weeks to hours with immediate documentation and data access
TIME TO MARKET
Accelerates new product development with faster identification and approval of items and suppliers
Digitizes documents for data mining and trend analysis to drive continuous process improvement
Empowers everyone in the organization to spot issues and track progress with configurable dashboards
New suppliers are automatically reminded to submit all required documentation (e.g., annual audits, FDA facility registration number, C-TPAT, kosher, organic, etc.)
Suppliers receive automated alerts when documents are about to expire, and reminders can be sent with suppliers fail to respond.
For customers running both TraceGains and Genesis R&D®, users can turn on DataLink to sync supplier ingredient information without having to re-enter it manually into Genesis
Leverage TraceGains advanced risk scoring algorithms or insert custom scoring for suppliers and items to pinpoint risk
Documents and reminders go to necessary personnel so activities continue and visibility is maintained
Configure automatic notifications for any supplier-related performance event for both internal and external stakeholders
Ensure your business is always audit-ready for GFSI, FSMA, HACCP, or any other audit program with quick access to key documentation
Scorecard suppliers—with the ability to share results—gain a clear picture of how suppliers perform against business requirements
Rather than emailing customers individually, the system can send requested documentation to multiple customers at once
Map the risk of your suppliers at the facility and item level globally
"Before TraceGains, it could take weeks to get the information we needed from our suppliers. Now it's all at our fingertips."
- Tawni Gehring, Regulatory Compliance Manager
Manage Your Suppliers Like a Pro