Posts Tagged :

supply chain

Supply Chain Visibility Vs. Traceability: What’s the Difference?

1024 576 Specright

Supply chain visibility and traceability are both essential for improving supply chain functionality. Many companies have limited knowledge about how their supply chain works outside of one or two upstream or downstream layers. By gaining more transparency throughout the supply chain, companies are in a better position to identify inefficiencies, reduce complexities, and improve decision…

read more

Mitigate Supply Chain Risk with Master Data Management

1024 683 Specright

Reliable supply chain data is critical to ensuring efficiency, effectiveness, and ongoing operability. When data is missing, incorrect, or inaccurate, it opens the doors for a number of business risks that could harm profitability, create delays, and damage your reputation.  To mitigate supply chain risk, organizations are turning to better ways to collect, share, and…

read more

Navigating the “Fuzzy” Front End of Product Innovation

1024 540 Specright

One of the greatest inhibitors to product development is the inability to capture and track ideas.  Thomas Edison said it himself, “The lightbulb is an invention with 1,000 steps.” During the early stages of product development, Edison tried 1,000 different ideas before finding one that worked.  But this shouldn’t mean it takes 1,000 steps to…

read more

Supply Chain Digitization is Vital to the Future of COVID-19 Vaccinations

1024 683 Specright

Welcome to the age of information, where you can access your entire supply chain at the touch of a button, every asset has a digital twin, and the fate of the COVID-19 vaccine depends on how well we manage our specifications.  COVID-19 and the Supply Chain In the average supply chain, there’s a lot to…

read more

3 Ways Your Supply Chain Can Impede Product Development

1024 683 Specright

You’ve got a million-dollar idea. But unfortunately, that isn’t enough to launch a successful product. Now, it’s a matter of determining its viability in the market, and much of your success comes down to how well your supply chain functions. Time to market, costs, and how you respond to shifts in market demand can make…

read more

Build a Resilient Supplier Network with Supply Chain Master Data Management

1024 560 Specright

If there’s ever a time to fix glaring inefficiencies in the supply chain, it’s now.  To be fair, COVID-19 did not create the supply chain issues like slow global lead times, product shortages, geopolitical restrictions, and logistics disruptions that many industries are currently experiencing. Rather, it further exposed and amplified poor sourcing strategies and distribution…

read more

How to Compete Globally with Master Data Management for Supply Chains

1024 696 Specright

Supply chain agility has never been a greater focus than right now. For many retailers, distributors, and manufacturers, the global pandemic has served as one of the most important lessons in demonstrating the need for flexibility, transparency, and the ability to shift quickly in response to changing markets.  There isn’t a manufacturer or company that…

read more

Why Supplier Collaboration Is the Only Viable Future for Procurement

1024 683 Specright

In times of uncertainty, are two heads better than one? In cases like procurement, the answer is a resounding yes! COVID-19 has shown us the dangers of not being forward-thinking when it comes to the supply chain system. No one saw the effects of a pandemic coming, but once the supply chain was disrupted, many…

read more

How to Leverage Data Management to Manage the Modern Supply Chain

1024 683 Specright

Maximizing supply chain efficiency has never been a more pressing need than in 2020. At the heart of efficiency is data — it is only possible to use and improve with the right information. Without good data management, supply chain partners are left in the dark about what’s happening and what to expect next.    The…

read more

4 Ways Blockchain Technology Impacts Supply Chain Management

1024 696 Specright

Many companies have infused digital technologies into their supply chain management systems. From centralized data in Enterprise Planning Resource software to digital shipping systems and RFID scanning, internal intelligence has arguably never been greater.  However, companies are still limited in visibility when it comes to tracking products and components throughout the supply chain. Disparate systems…

read more