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 better manage their supply chains,” said Matthew Wright, Founder and CEO of Specright.
Gartner Cool Vendor is designed to highlight interesting, new and innovative vendors, products and services.
“Supply chain organizations with higher levels of digital maturity are the ones most likely to look at emerging technologies to help drive business value,” the authors said. “We profile five emerging vendors that supply chain technology leaders should watch for their ability to drive enhanced business value.”
Specright has seen an increase in interest as a result of recent world events that have put a spotlight on supply chain challenges.
“With the rise of COVID-19, many companies are understanding the importance of having specification data in a digital, single source of truth,” Wright said. “When companies digitize and map their specifications, they create a digital thread through their supply chain.”
Supply chain digitization isn’t just a passing fad. The report found that, “In Gartner’s 2019 Supply Chain Technology User Wants and Needs Survey, “digital” was identified as a core strategy and focal point as supply chain organizations look to advance their maturity and business performance.”
Specright’s platform is used by a variety of industries, ranging from CPG to food & beverage, beauty, CBD, and heavy equipment.
“Specification Management isn’t an incremental change,” added Wright, “It’s a fundamentally different approach to the way you do business, using DNA-level data to create visibility and traceability through your supply chain.”
You can download the full report here.
Gartner, Cool Vendors in Supply Chain, Dwight Klappich, Andrew Stevens, Bart De Muynck, John Blake, Tim Payne, 16 April 2020.
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Specright is the first purpose-built platform for Specification Management. Whether it’s packaging, raw materials, formulas, products, or machines, Specright helps companies digitize, map, and take action across their supply chain to reduce costs, increase profitability, and drive sustainability. For more information, visit: www.specright.com.