Supply Chain

Specright keeps you up to date on all things specification management – see all the latest when it comes to Supply Chain!

What’s the Difference Between Supplier Collaboration and Supplier Management?

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It’s no secret that supply chain complexity has increased.  Thanks to an explosion of product customization and innovation, an insane volume of data passes through the supply chain every day. Not to mention we live in a “next-day delivery” world, putting the pressure on companies to be fast and lean within their supply chains.  But…

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

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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…

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How Blockchain Can Help Authenticate Your Products & Inspire Consumer Trust

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When it comes to blockchain technology, there’s a lot of talk, but not a lot of information about how it can be used and commercialized.  Beyond cryptocurrency, blockchain offers a wide range of solutions for tons of different industries – especially supply chain. In a world where we move fast and product moves faster, blockchain…

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How to Create Effective Specifications for Products and Packaging

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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…

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cannabis leaf and oil

Supply Chain Management in the Booming Cannabis Industry

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The cannabis market going into 2021 has never been stronger. The industry is expected to climb to $73.6 billion in the U.S. alone by 2026, and its economic impact may hit $130 billion by 2024. But the industry’s boom can’t overshadow the many challenges for manufacturers, suppliers, and retailers. Regulatory compliance and legal requirements have…

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supply chain visibility vs. traceability

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

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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…

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supply chain risk

Mitigate Supply Chain Risk with Master Data Management

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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…

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supply chain digitization

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

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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…

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supply chain network

Build a Resilient Supplier Network with Supply Chain Master Data Management

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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…

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Why Supplier Collaboration Is the Only Viable Future for Procurement

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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…

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