Specification Data Management™ News

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How Supplier Collaboration Leads to Better Packaging Development
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Can the supply chain succeed without strong collaboration? Many businesses that have successfully united all aspects of their supply chain while achieving a sum greater than its parts would argue that collaboration is a must. Collaboration is an opportunity to align your company’s suppliers with its core mission and objectives, ensuring that each moving part…

Supply chain blockchain
Specright Announces Blockchain Network to Digitize Supply Chains
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Irvine, CA, June 26, 2020 — Specright, the pioneer in Specification Management software, today announced the introduction of its new Blockchain Network — the first application of its kind to effectively pass critical DNA-level supply chain data back and forth between brands and their suppliers. “This is going to transform how brands, suppliers and retailers…

Beauty and Cosmetics
From Procurement to Packaging: 4 Ways Specification Management Supports Your Beauty Brand
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In an industry worth $532 billion, beauty companies have plenty of incentive to build a strong brand. In fact, one Nielsen study found that nearly 60 percent of all consumers prefer to buy products from brands with which they’re familiar. Companies can build this familiarity through their marketing, packaging, messaging, and product quality. In a…

Go Beyond PLM and BOM to Specification Data
Go Beyond PLM & BOMs: Why Specifications are Key to Ensuring Quality
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Product Lifecycle Management (PLM) tools have been leveraged by companies in industries ranging from CPG to medical devices for decades. However, their longevity doesn’t mean these solutions aren’t without significant flaws.  PLM was initially designed to address a wide range of issues and factors, with quality being among them. But since PLM solutions aren’t designed…

How a Digital Thread Can Revolutionize Your Supply Chain
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The manufacturing industry is on the brink of a paradigm shift, in which companies are trading in investment in physical assets for investment in information. Efforts to accumulate information are catalyzing the shift in the way we produce goods and unveiling a new era: an era of the digital thread.  Defining the Digital Thread But…

March 2020 New Release Header
New to Specright: Bids, Sustainability Dashboard, Supplier Document Management and More
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Specright is excited to announce several new capabilities and features included in our May 2020 – 7.0 release: improvements to Specright Exchange – Bids, Sustainability Dashboard, Supplier Document Management, Unit of Measure Conversion, Live Chat, Map Enhancements, and Packaging News Thanks to a great deal of valuable feedback and insights from users, our platform has…

Specright Named a Gartner “Cool Vendor”
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May 20, 2020 – Specright, the pioneer and leader in Specification Management software, today announced it has been included in the list of Cool Vendors in Supply Chain by Gartner. “We believe our inclusion in the Cool Vendors in Supply Chain guide confirms the importance of Specification Management and its role in enabling companies to…

3 Ways to Rebuild the Food and Beverage Supply Chain after COVID-19
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COVID-19 has created severe disruptions to the supply chain, and it’s not just a matter of running out of toilet paper and hand sanitizer. Deeper implications show a shrinking window of access to food and other critical items and a growing mountain of waste due to spoilage and reduced demand.  For example, Belgium recently announced…

Cheese Factory: Specifications are Key in Preventing Recalls
Transparency and Recall Prevention: The Promise of Specification Management in the Food and Beverage Supply Chain
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Food recalls are serious business. Nearly 48 million Americans (or roughly 1 in 6) are sickened due to food-related illness each year, and 3,000 die from foodborne illness — and the problem seems to be getting worse. Between 2013 and 2018, the number of food recalls increased by 10 percent, with 905 incidents in 2016…

Food & Beverage Procurement
Remove Bottlenecks in Food and Beverage Procurement with Specification Management Software
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Procurement is a key component of a successful food and beverage operation, but managing inventory and suppliers can present complex challenges for even the most accomplished F&B companies. Since fresh ingredients are often involved, you also have the added challenge of time limitations and expiration dates. Even with the best-laid plans and intentions, an organization…