As per sources, TraceGains, an exclusive networked marketplace for the food & beverage industry, has recently unveiled Supplier Management Pro, the latest addition to its innovative TraceGains Gather™ platform.

The new offering is specifically designed to cater to emerging brands, ambitious startups, and industry pioneers seeking to streamline and optimize supplier documentation and data. Furthermore, it serves as a cost-effective entry point for brands looking to embrace modern digital strategies.

Among the vanguard in the food & beverage industry are disruptive brands leading various exciting categories, such as functional foods. According to the Food and Agriculture Organization (FAO) of the United Nations, functional foods go beyond basic nutrition to provide health benefits, including disease prevention and treatment. The market for functional ingredients is expected to reach a staggering $109 billion by 2028, making the efficient management of ingredients crucial for brands in this rapidly growing segment. Supplier Management Pro is tailored to meet the unique requirements of innovators in this field and other fast-expanding sectors.

In the fast-paced and highly competitive market, having a digital solution for supplier and documentation management has become an imperative rather than an option. TraceGains has taken a remarkable step by offering free access to the industry-standard Supplier Management solution. As brands grow, the platform's usage-based pricing model enables companies to add the necessary services as they scale, ensuring a seamless and flexible solution over time.

Maria White, the supplier quality manager of Hudsonville Creamery and Ice Cream, expressed her satisfaction with TraceGains Gather™, emphasizing the technology's capacity to drive compliance and facilitate risk mitigation in their supply chain in a cost-effective manner.

The meticulous data gathering and collaborative capabilities provided by TraceGains have transformed their supplier management program, leading to enhanced compliance, better insights, and improved tools to address daily supply chain challenges.

Source Credit: https://www.prnewswire.com/news-releases/tracegains-unveils-supplier-management-pro-to-help-growing-brands-meet-increasingly-stringent-regulatory-documentation-requirements-301879285.html