Specright Recognized as a Notable Vendor for Specification Management in Business Process Context: ‘Magic Quadrant™ for Multienterprise Supply Chain Business Networks’https://specright.com/wp-content/uploads/2021/02/iStock-1210343446-1-1024x576.jpg 1024 576 Specright Specright https://specright.com/wp-content/uploads/2021/02/iStock-1210343446-1-1024x576.jpg
Tustin, CA – July 12, 2022 – Specright has been recognized as a Notable Vendor for Specification Management software in the 2022 Gartner® Business Process Context: ‘Magic Quadrant for Multienterprise Supply Chain Business Networks’ (MESCBN) .
With supply chain complexity increasing daily, companies need to communicate, collaborate, and share data across business units, partners, and suppliers. Since the majority of product and packaging specification data is scattered across organizations and suppliers, many companies are struggling with how to navigate emerging trends, like sustainability, geo-political unrest, material shortages, and workforce transitions, among other things.
“Over the last few years, we’ve seen companies struggling to adjust to ever-changing market conditions–mainly due to a data problem,” said Matthew Wright, Founder & CEO of Specright. “These challenges are only made harder by complex supply chains. Without true supply chain visibility, companies cannot optimize and improve their bottom line. The only way to do this is by having digitized specification data in a single source of truth.”
According to Gartner, “The MESCBN market recognizes the need for specialty networks in support of unique process capabilities.” The research notes several assessment criteria for technology and service selection, functionality, industry domain knowledge, network connectivity to business partners, and additional insights from the data created by a multienterprise environment.
“At Specright, we’ve brought together industrialists and technologists with deep domain expertise to build the first patented Specification Management platform,” said Ayman Shoukry, CTO of Specright. “Our platform enables users to not only digitize their specification data, but then drive supplier collaboration, speed up more intelligent product development, ensure compliance, and drive traceability and visibility across their supply chain.”
As the leader in Specification Management, Specright is also focused on strategic partnerships in order to best serve our customers’ holistic digital transformation journey.
“We recognize that no one single solution can solve the complex challenges companies are facing today,” said Adam Armstrong, VP of Strategic Partnerships at Specright. “That’s why we’re partnering with other industry leaders, like SAP, Salesforce, Trayak, TOPS Software, and others, through integrations, to ensure our customers are getting a full picture into how best to utilize their specification data.”
“We’re dedicated to helping our customers make products right the first time, every time,” said Wright. “We believe it’s recognitions like this one, from Gartner, that showcase the value of taking a spec-first approach to data management.”
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Specright is the first purpose-built, patented, platform for Specification Data Management™. Whether it’s packaging, raw materials, formulas, products, or machines, Specright helps companies digitize, map, and take action across their supply chain to reduce costs, increase profitability, and drive sustainability. For more information, visit: www.specright.com.