Posts Tagged :

Data Management

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…

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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…

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Using Specs to Drive Top-line Growth in Food and Beverage

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The Industrial Internet of Things, or Industry 4.0, is poised to revolutionize the food and beverage industry along the entire supply chain. Manufacturers that embrace new technologies, processes, and efficiencies pass along the benefits to upstream and downstream suppliers, partners, and buyers. These benefits can take the form of improved transparency, streamlined communications, and faster…

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What is Green Procurement and How Can I Use It to Kickstart Sustainability Goals?

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A recent report from Bain and Co compared the COVID-19 pandemic to a dress rehearsal for climate change: the crisis has demonstrated a need to “build resilience to deal with low probability scenarios.” Sustainability is increasingly becoming a key focus for businesses across industries. Despite the effects of the pandemic, where businesses shifted from long-term…

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Managing Regulatory Risks in the Dangerous Goods Industry

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The hazardous products industry has one major advantage: Because of the dangerous nature of the goods and the complex regulatory requirements that come with them, competition is often limited. Only the true best of the best can make it past the myriad of compliance hurdles. Unfortunately, this same advantage can also be considered one of…

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Achieve True Version Control with Specification Management Software

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You’d be hard-pressed to find a product from 20 years ago that exists in the exact same form today. Advancements, technology and trends all play a role for product changes and improvements. Even the most successful food and beverage products find themselves undergoing formula changes, new packaging and artwork, and adjustments to portion and package…

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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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What the Rise in Private Label Means for Manufacturers

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Store brands have gotten quite the makeover in recent years, regarding both packaging and appearance, evidenced by consumer sentiment. Today, more than 65% of consumers believe that buying a private label store brand is a savvy alternative to a name brand. What’s more, a report from Thomas Net notes that private label sourcing activity has…

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Regulatory Challenges in Pharmaceutical Packaging and How to Address Them

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The pharmaceutical industry doesn’t allow room for error.  This is the case not just for product quality, but also how products are packaged and labeled. Packaging is highly regulated around the world to ensure products are safe from contamination and tampering, as well as to ensure critical information related to dosage, usage, manufacturing, expirations, and…

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Reducing Regulatory Risk in the Cosmetic Industry with Product Specification Management

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The cosmetics industry often comes under fire from consumers since products do not need FDA approval before entering the market.  However, that doesn’t mean cosmetics aren’t strictly regulated.  There are a number of cosmetics regulations companies are required to follow. What’s more, companies still have an ethical and legal responsibility to properly label their products…

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