Business Excellence Reveals Profitability in Food Traceability

According to TraceGains CEO, Gary Nowacki, notes in the current issue of Business Excellence, "Brand protection through source verification, meeting customer mandates for verified supply and specification product, and risk management through improved food safety and managed recalls are no longer optional, rather requirements that yield great profitability.  The contamination issue will abate as another food processor or retailer is reported. The potential financial risk to these businesses far outweighs the cost of purchasing comprehensive traceability technology.  The ability to regain public trust is questionable. Saving lives....priceless." The critical and profitable aspects of food traceability are significant according to manufacturing journalist Thomas R. Cutler in the current issue of Business Excellence.  Cutler outlines the traceability solutions we need to deal with the increasing incidence of food contaminationTraceability features must include:• Shift-production for stock to cooler (maintain traceability from cooler to further production)• Shift-production for process to specific orders (optimized "Meat Block Schedule" based upon truckload or lot attributes).Food safety is profitableNowacki suggested that the issue of food safety is not in opposition to increased profitability, and that, "Technology solutions must provide complete animal to carcass to primal to cut to case-ready traceability at the speed of commerce at minimal cost, while economically meeting marketplace and governmental traceability requirements. Indeed these solutions reduce the potential negative impact and the potential cost of recalls; speeding up response rates."Beyond the image and obvious need to keep the food supply chain safe, food processors must look for actionable "attribute value foundation" to increase yields, reduce costs, and drive continuous improvement. In doing so, accurate product inventory is provided.Enabling COOL (country of origin labeling) and NAIS (national animal identification system) regulatory compliance is the law. Live animal solutions create export verification program value opportunities as well as brand differentiation.  TraceGains, Inc. (www.TraceGains.com) was founded in 1998 with a 100% focus on Positively Assured TraceabilityTM. The company has a patented delivery system-14 patents granted and growing-and also is an authorized Issuer of United States Department of Agriculture Process Verification Program (PVP) Label.By providing real-time, bi-directional Positively Assured Traceability for food, beverage, and CPG supply chains, TraceGains reduces risks to the corporation and its executives, who may become personally liable in case of a recall, if unable to comply with the FDA's 24-hour traceability requirement. Positively Assured Traceability provides protection to subscribing companies by delivering:•         Continuous attribute visibility for each incoming ingredient receipt.•         Identity preservation of each received material across commingling, batching, blending, transformation, co-pack, and re-work.•         Creation of a secure Private TraceStream Data Repository which can be used for continuous compliance monitoring, constantly comparing on-floor activities with business rules and compliancy requirements.TraceGains is not just about reducing risk; these unique technology solutions help companies turn disparate data into actionable business and value chain intelligence; it turns traceability from a cost center into a profit center. TraceGains customers typically experience a better than 300% return on investment (ROI), and an average profitability increase between 3-5%. Independent, peer-reviewed university studies confirm these findings.Only TraceGains provides bi-directional unit-level (item, carton, pallet) Positively Assured Traceability to consolidate multiple legacy data sources and reduce corporate recall risk, while simultaneously providing the tools to boost profitability and cost-effectively improve operational excellence. TraceGains Inc.www.tracegains.comMarc Simony, Director of Marketingtraceability@tracegains.com(303)682-9898