With increasing consumer-driven product criteria and compliance thresholds to manage, product innovation is more convoluted than ever. Unfortunately, the information required to create and manage formulas and recipes remains locked away in silos – spanning ERP and PLM systems –and static tools such as shared drives and spreadsheets, with as much as 75% of data stuck with disconnected suppliers.
Finally, manufacturers must rely on online research, emails, and phone calls to locate and qualify raw materials and ingredients. At the same time, suppliers labor under request backlogs, bogging down response times and further delaying an already time-consuming new product development process.
TraceGains Formula Management allows teams to build and manage formulas and recipes while cooperating across departments internally and with suppliers and co-manufacturers externally. Network connectivity affords instant access to millions of supplier-provided documents. As a result, research and development teams can save valuable time and money with fast digital prototyping using fundamental ingredient and supplier data to realize ideal product benchmarks more efficiently.
Generate, evaluate, and revise formulas and recipes while collaborating with suppliers and co-manufacturers within a networked platform.
Accomplish more informed, cost-effective ingredient and material research selection and considerably slash product development timelines.
Model ingredient and raw material variations digitally to meet cost, nutrition, allergen, and claims targets before starting physical trial testing.
Accelerate formula and recipe development with faster ingredient examination and more seamless collaboration.
Obtain a unified view of products, data, and processes across the business and throughout the supply chain, no matter how complex or dispersed that information might be.
Maintain a single repository that integrates and arranges all former and existing recipes and formulas with inclusive roll-back capabilities.
Watch this video to uncover a better way to draft and administer formula data.