TraceGains Awarded Two SaaS-delivered Supplier Compliance Patents
TraceGains Awarded Two SaaS-delivered Supplier Compliance Patents
TraceGains, Inc., the SaaS (software as a service) leader in helping companies reduce costs and improve product quality automatically, has been awarded two new patents relating to its core technology, connecting "upstream activities" to "downstream outcomes" across different companies in any supply chain allowing companies to understand their suppliers' true impact. These new patents increase to fourteen the TraceGains' patent portfolio for its cross-enterprise solutions and technology engine, and they both broaden and deepen the range and scope of previously issued patents.
TraceGains' Supplier Compliance and Supplier Impact applications identify how individual suppliers affect finished-goods yield, quality, profitability, customer satisfaction, or any other downstream outcome, giving companies new tools to evaluate their supplier base on much more than just price and on-time delivery.
The first new patent enables the ability to normalize and exchange upstream and downstream attribute data among independent systems in different companies, as well as identifying location and event data to help track a product or ingredient in a supply chain and to improve product quality. The second patent revolves around the ability to analyze received upstream data for the purpose of automatically certifying whether a product satisfies a product marketing claim such as whether or not it is counterfeit, whether or not it has been sustainably produced, or any other product marketing claim.
"Many companies receive detailed ingredient information from their suppliers that they then store in paper or electronic filing cabinets, essentially collecting dust," said Gary Nowacki, CEO of TraceGains. "By turning this data from each company in a supply chain into actionable information, our customers not only automate their QA procedures, they also evaluate their suppliers in a whole new light allowing them to understand better each supplier's true impact."
In combination, both patents solidify the ability of TraceGains' SaaS-delivered Supplier Compliance and Supplier Impact applications to immediately deliver a positive return-on-investment.
About TraceGains, Inc.
TraceGains, Inc. is the SaaS (software as a service) leader in helping companies reduce costs and improve product quality-automatically. Food & Beverage, Quick Service Restaurant Chains, Life Sciences, Chemicals, and related industries can leverage the Supplier Compliance and Supplier Impact applications to eliminate manual certificate of analysis (CoA) review, automatically reject shipments that are not compliant with critical business rules, and rank-order suppliers based on yield, quality, finished-good profitability, customer feedback, or any other downstream outcome. The company is headquartered near Denver, CO, USA, with direct and partner offices throughout North America, Europe, Latin America, and Asia. For more information please visit www.tracegains.com.
TraceGains Inc.
www.tracegains.com
Marc Simony, Director of Marketing
traceability@tracegains.com
(303)682-9898
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