FORGE TPM 8.0 – NEW Features

To enhance the customer experience, we regularly update the features in our foodservice TPM.

Here are 3 updates you’ll see in version 8.0.

 

Automated Effective Rates

Also known as a ‘blended rate’, this new feature provides the user with an effective blended rate that considers the weighted share of discounted business. This feature allows manufacturers to essentially offer a lower [or zero] earned income rate on deeply discounted volume for distributors that deduct all of their earned income.

Read more: Automate Effective Trade Rates

 

Formula Pricing

By leveraging daily data feeds from the USDA, New York Board of Trade, Chicago Mercantile Exchange and other sources of commodity values, Blacksmith’s TPM can now automate updates for formula-based contracts. Pricing is updated on a user-driven schedule [daily, weekly, monthly] for each contract while taking into account factors such as yield loss, packaging, transportation, SG&A and other cost factors.

Read more: Kraft Heinz Ingredients Automates Formula Pricing

 

Core Feature Upgrades

Current Blacksmith TPM tools for automating earned income and brokerage payments [e.g., Auto Pay] and tracking program-level claim history [e.g., the dollar sign icon in the application] have both been upgraded to provide additional research and analytical capabilities.

Read more: Navigate Billbacks with Auto Pay


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