One of the biggest mistakes food, beverage, and dietary supplements companies can make is accepting slow product development and reformulation or putting it on hold altogether. Taking a wait and see approach creates a static product portfolio that will never outperform a competitor's proactive one. Because your competition is making progress, doing nothing in NPD and R&D portfolio management isn't an option.
With the recent launch of Formula Management, the TraceGains Networked Product Development Suite is complete. The combined solution allows teams to go from manual processes to automated results by digitizing and streamlining new product development for better, faster innovation. Networked means you no longer have to chase down suppliers for information or documents because it's already available at your fingertips. TraceGains Network has grown for over a decade. On average, companies find 80% of their suppliers already on TraceGains Network, allowing them to connect and collaborate instantly.
In this webinar, TraceGains CEO Gary Nowacki and Sales Engineer Ruben Galbraith share how TraceGains Networked Product Development drives collaboration, innovation, and faster time to market.
With TraceGains Networked Product Development Suite teams:
Gain a unified view of products, data, and processes across the business and throughout the supply chain, no matter how complex or dispersed.
Get instant access to more than two million supplier-provided documents to accelerate formula and recipe development.
Achieve more informed, cost-effective ingredient and material research choices, and significantly reduce product development timelines.
Research cost, nutrition, allergen, and claims product criteria faster by digitally modelling recipe variants with real ingredient and supplier data.
Automate version control with roll-back capabilities to instantly find current and past formulas, recipes, and product details.
Centralize product management with all documentation, recipe variants, and information exchange digitally tracked for a complete audit trail.