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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…

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…

4 Ways Digitizing R&D Drives Better Product Development
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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…

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…

Specright Awards First Annual Scholarship for Packaging Students
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Irvine, CA, April 13, 2021 — Specright awarded its first annual scholarship to four packaging students, two from Michigan State University, one from UW Stout, and one from Rutgers University. The scholarship recognizes students who understand the importance of Specification Management in packaging. “Given the importance of packaging, we want to help future generations of…

ROI of Specification Management
Why Your Tech Stack Needs an Upgrade: The ROI of Specification Management
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Specification management is paving the way for end-to-end digital supply chain management.  And not a moment too soon – the world is demanding supply chains to be dynamic, flexible, and able to respond in real time, but most current methods of managing the supply chain can’t keep up.  And we get it – when it…

Manufacturing
A Step-By-Step Guide on How to Create a High Quality Manufacturing Specification
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In manufacturing, there’s a lot of moving parts (literally). And in a manufacturing role, there’s a lot to manage – your customers and their own complex supply chains, making sure your machines stay running, and tons of specifications. That’s why we created a step-by-step guide for creating manufacturing specs. What’s a Manufacturing Specification? First things…

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…

Cut Private Label Supply Chain Costs with Master Data Management
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Holding onto older legacy systems as a cost-cutting strategy can often do more harm than good. Retail consultancy S4RB found that just a 10% loss in productivity from not having proper systems in place could cost as much as $5 million annually. The shortcomings of traditional Enterprise Resource Planning (ERP) in supply chain master data…

4 Hidden Challenges in the Food and Beverage Supply Chain and How to Manage Them
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Today’s food and beverage supply chain is a critical piece of infrastructure, ensuring sustainability worldwide. Modern technology has been a key driver to support this ongoing operation, especially as the supply chain is evolving into more of a network rather than a linear model. Technology also plays an important role in helping companies reveal the…