Product Development

Supply Chain Lingo: What’s the Difference Between Contract Manufacturing and Private Label?

https://specright.com/wp-content/uploads/2021/04/iStock-505374210-1-1024x704.jpg 1024 704 Specright Specright https://specright.com/wp-content/uploads/2021/04/iStock-505374210-1-1024x704.jpg

So you’re ready to make a new product. A key consideration during the ideation phase is how you plan to make it – especially if you’re not an in-house manufacturing company and need outsourcing. Production is critical, since it shapes the amount of control, customization, and planning that goes into your new product.  The good…

read more

4 Ways Digitizing R&D Drives Better Product Development

https://specright.com/wp-content/uploads/2021/04/iStock-1282300354-1-1024x576.jpg 1024 576 Specright Specright https://specright.com/wp-content/uploads/2021/04/iStock-1282300354-1-1024x576.jpg

When it comes to making a new product, there are tradeoffs between speed, quality, and innovation.  A successful product development cycle is no small feat, especially in today’s world, where collaboration is critical and consumer demands are increasing. So how do you successfully collaborate with supply chain stakeholders during product development? The answer: strong research…

read more

How to Create Effective Specifications for Products and Packaging

https://specright.com/wp-content/uploads/2021/03/iStock-1126518095-1024x683.jpg 1024 683 Specright Specright https://specright.com/wp-content/uploads/2021/03/iStock-1126518095-1024x683.jpg

Here at Specright, we talk about specs A LOT.  Specifications include the data and instructions to create consistent products and packaging. This includes data points such as formulas, raw materials, packaging, ingredients, and so on.  And the growing complexity of products as a result of eCommerce, consumer preferences, sustainability goals, and globalization has resulted in…

read more

Accelerate Product Development with the Right Data Management Solutions

https://specright.com/wp-content/uploads/2020/11/iStock-1194359714-1-1024x683.jpg 1024 683 Specright Specright https://specright.com/wp-content/uploads/2020/11/iStock-1194359714-1-1024x683.jpg

You can’t rush perfection – or can you?  Creating a new product is never a decision to take lightly. Bringing new products to market requires countless hours of research, development, testing, and marketing, not to mention the associated costs. Companies must be especially calculated when it comes to choosing which new products to pursue.  The…

read more
product development

Is Your Next Big Product Hiding in Your Data?

https://specright.com/wp-content/uploads/2020/11/iStock-660133306-2-1024x683.jpg 1024 683 Specright Specright https://specright.com/wp-content/uploads/2020/11/iStock-660133306-2-1024x683.jpg

New product inspiration comes from every angle. Sometimes, you’ll find it in your customer feedback surveys, product ratings, or reviews. Other times, you need to look no further than your sales numbers or your competition. One thing that each of these sources have in common — they’re driven by data.  If you have a great…

read more

Navigating the “Fuzzy” Front End of Product Innovation

https://specright.com/wp-content/uploads/2020/11/iStock-1163753891-2-1024x540.jpg 1024 540 Specright Specright https://specright.com/wp-content/uploads/2020/11/iStock-1163753891-2-1024x540.jpg

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