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.