Networked Formula Management: Revolutionizing Product Development in the Food and Beverage Industry

KB at your finger tips

This is one stop global knowledge base where you can learn about all the products, solutions and support features.

Products-TraceGains

Networked Formula Management: Revolutionizing Product Development in the Food and Beverage Industry

Transforming Product Development Processes

In today's fast-paced food and beverage industry, traditional product lifecycle management (PLM) and enterprise resource planning (ERP) systems often fail to keep up with the demands of new product development (NPD). However, with Networked Formula Management by TraceGains, companies can streamline their formula management processes, connect recipes with specifications, ingredients, and claims data, and accelerate innovation. This innovative solution is designed to help companies formulate faster, experiment with new products, and ultimately stay ahead of the competition.

Centralizing and Digitizing Recipes

One of the key features of Networked Formula Management is the ability to centralize and digitize recipes. By bringing formulas into a secure, digital environment, teams can collaborate seamlessly on product concepts and recipes. This digital transformation allows for cross-team collaboration, quick iteration, and efficient communication, essential for successful product development in today's digital age.

Research, Reformulate, and Report with Ease

Networked Formula Management provides tools to digitally model formula variations in minutes, giving users access to real-time ingredient and supply data. With unlimited variant options, teams can experiment freely and optimize their formulas rapidly. Additionally, the solution simplifies reporting processes by automating tasks such as cost estimates, allergen reports, and nutrition profiles. These advanced calculations streamline R&D processes, enabling teams to focus more on creativity and innovation.

Auditability and Innovation

Another benefit of Networked Formula Management is its auditability and innovation capabilities. With a digital audit trail and roll-back capabilities, teams can analyze past recipes, learn from their successes and failures, and continuously improve their formulation processes. This feature ensures traceability, transparency, and accountability in product development, essential for regulatory compliance and quality assurance.

Empowering Collaboration and Creativity

Testimonials from industry experts like Jere Banner, Chief R&D Officer at OWS Foods, highlight how TraceGains' solution facilitates collaboration in the lab, enhances visibility into formulation processes, and empowers teams to make data-driven decisions. By leveraging Networked Formula Management, companies can enhance their time-to-market speed, optimize their product development workflows, and ultimately drive greater innovation in the food and beverage sector.

Stay Ahead in Today’s Competitive Market!
Unlock your company’s full potential with a Virtual Delivery Center (VDC). Gain specialized expertise, drive seamless operations, and scale effortlessly for long-term success.

Book A Meeting To Setup A VDC

Revolutionizing CPG Supply Chain Agility with TraceGains

The Power of a Networked Ingredient Marketplace

TraceGains is leading the way in revolutionizing Consumer Packaged Goods (CPG) supply chain agility through its innovative Networked Ingredient Marketplace. In today's dynamic business environment, the ability for companies to seamlessly connect with their partners is essential for tackling the unprecedented challenges present in supply chains. By leveraging a networked marketplace, businesses can collaborate effectively, ensuring that information about ingredients and supply chain partners flows instantly through intelligence and automation. TraceGains' patented PostOnceⓇ technology enables authorized stakeholders to share and receive critical information precisely when and where they need it, allowing for efficient operations and maintaining competitiveness. Through the strength of a global network, achieving supply chain agility becomes a reality.

Read article

Building a Diverse and Inclusive Culture at TraceGains: Benefits, Internships, and Career Opportunities

Inclusive Workplace Culture and Benefits

At TraceGains, fostering a culture of inclusion is paramount. The company is dedicated to attracting diverse talent and creating an inclusive environment where individuals from all backgrounds can thrive. The emphasis is placed on celebrating both similarities and differences, ranging from gender identity, sexual orientation, religious beliefs, race and ethnicity, age, to veteran status. The commitment to diversity, equity, and inclusion is visible in various aspects of the company's operations, from recruitment practices to product development. Initiatives like the Diversity, Equity, and Inclusion Committee (DEI) and unconscious bias training underscore TraceGains' continuous effort to create a supportive workplace where all employees feel safe, heard, and valued. Furthermore, the company offers attractive benefits such as 100% paid health, dental, life insurance, profit sharing, 401k with company match, professional coaching services, flexible PTO, paid volunteer days, remote work opportunities, and pet insurance, promoting a healthy work-life balance and well-being among its workforce.

Read article

Welcome to Knowledge Base!

KB at your finger tips

Products-TraceGains