Specification Data Management™ News

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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…

SKU Proliferation is a Challenge - Specification Management Can Help
SKU Rationalization: What Is It and How Is It Being Used?
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The “build it and they will come” mentality is taking a negative toll on companies, particularly as they struggle to identify underperforming products and simplify their portfolio. In the past, SKU (Stock Keeping Unit) proliferation was a viable path to growth as companies focused on expanding their product offering to customers.  Now, as efficiency, sustainability,…

Specifications are an Important Part of the Industrial Internet of Things
IIoT Prevents Downtime, Specifications Enable You to Fix Your Machines
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In an ideal world, manufacturing machines would work perfectly around the clock without needing maintenance or repair. In the real world, every manufacturing facility leader knows that downtime for your machines is an inevitability.  One advancement that is poised to change maintenance schedules and patterns for the better is the Industrial Internet of Things (IIoT).…

Smart Factory
Why Specifications are the Foundation of a Smart Factory
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Smart factories aren’t just the future of manufacturing — they’re also defining our present operations.  In 1913, Henry Ford revolutionized factories of his time with the first moving assembly line. Now, just over a century later, we’re on the brink of another major expansion and improvements in how products are developed, manufactured, and transported.  Manufacturers…

Granular Specification Data Can Spur Product Development
4 Ways a Granular View of Specification Data Spurs Product Development
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What’s involved in an effective product development plan? Companies may be surprised to learn that success in this area often has more to do with their people and processes just as much as their technology.  Whether you’re developing a new type of drink, snack, or household gadget, product analytics matter. Intelligent use of data is…