SafetyChain
Canvas Category Software : Information Technology : Plant Management
SafetyChain is the #1 Plant Management Platform purpose-built to improve yield, maximize productivity, and ensure compliance standards for process manufacturers. With fully integrated tools for production, safety and quality, and supplier management, our configurable cloud-based software drives real-time visibility and control to optimize performance across all of your manufacturing locations. From receiving to loadout, SafetyChain is trusted by over 1,500 facilities as their complete solution to capture, manage and analyze critical operations and continuous improvement data from anywhere, at any time, on any device.
Assembly Line
SafetyChain Software Receives $50 Million Strategic Growth Investment from JMI Equity
SafetyChain Software, the leading cloud-based plant management software solution for manufacturers, today announced that it has received a $50 million minority growth investment from JMI Equity (“JMI”), a growth equity firm focused on investing in leading software companies. With the additional capital SafetyChain will continue to advance its market leadership positions in food and beverage and consumer packaged goods while also accelerating the growth of several key expansion initiatives.
Cost of Quality: Why A Compliance-Focused Model will Ultimately Limit Growth
Process manufacturers commonly consider numerous costs like labor, materials, and manufacturing and impact their bottom line. Often the same companies will overlook or undervalue the cost of quality, assuming that products that fall within specifications also meet quality targets. However, simply relying on conformance without examining the cost of quality can result in a few hidden expenses at best-and at worst, amount to considerable waste, negatively impacting the bottom line and subtracting from brand reputation.
Understanding the overall cost of quality is vital to addressing issues that signal costly or unsustainable variations and the potential for product or process failure. High incidences of failure erode capacity and make it impossible for companies to live up to their full potential.