Trends Driving Change in Retail Inventory Management
For retailers, a lack of product and packaging data can result in warehouse delays and empty shelves. The growing need to compete with online-first retailers and cater to the changing tastes of millennial consumers is also adding pressure.
For retailers to compete in a digital era, they need to move beyond legacy systems and processes that inhibit innovation.
With Specright, you can start managing the accuracy and visibility of critical specification and supply chain data. This means you spend less time on data gathering and more time perfecting your product assortments.
Quality & Documentation
Materials, Formulas & Ingredients
Purchasing & Procurement
eBook: Why Retailers Are Starting to Pay Attention to Specifications
Specifications are the critical for retailers to improve sustainability reporting, cost reduction strategies, private label product management, and speed-to-market.
This eBook shows how retailers embracing and implementing new Specification Data Management technology across their
organizations are staying efficient and relevant.
Proactively Manage Packaging
In retail, it’s all about optimizing the planogram, improving retail allocation, and streamlining how goods move through supply chains. When a vendor’s packaging deviates from expectations, it can create tremendous challenges in the supply chain from distribution centers to shelves.
With Specright, you have access to all your packaging specifications in one place, giving full visibility into accurate spec records, approvals, and changes. Specright also enables proactive responses to vendor design changes via smart alerts and customizable dashboards.LEARN MORE
- Reduce unproductive inventory from packaging issues
- Reduce the need for DC steps like Cubiscan
- Increase accuracy of weight and dimensions
Control Raw Materials, Ingredients, Formulas, & Product Data
With the growth of private label brands as a differentiator for retailers, the ability to manage specifications in one place is critical.
With Specright, you have visibility and control over formulas, ingredients, raw material, and other product specs. Seamlessly push this data to meet regulatory requirements and have confidence in the accuracy of your data.
- Reduce incidents related to mislabeling
- Increase speed of product development
- Increase traceability and mitigate recall risk
When it comes to retail, it’s critical that buyers, planners, and allocators are on the same page. Many retailers have vast supplier networks that fill their store shelves, which can create a web of suppliers that can be difficult to manage.
With Specright, you can quickly onboard new suppliers, manage documentation, and even quickly create an order to buy additional products. With Specright, you can focus less on paperwork and more on analyzing the performance of your assortment.LEARN MORE
- Improve supplier – and product – data
- Mitigate issues & minimize time out of stock
Optimize Inventory Management and Allocation
As retailers continue to balance online and offline inventory, being able to have a holistic view of inventory by product specs becomes critical.
Whether you’re looking for VMI, shipping schedules by supplier, or standard pricing tables, Specright helps you take control of inventory.LEARN MORE
- Increase product visibility through the supply chain