Managing formulations is critical – there’s a lot to balance, and things change. Understanding the relationships between formulas to bill of materials, packaging, and ensuring regulatory compliance is enough to manage. With Specright, you’ll have all the data you need at your fingertips to ensure formulas are up-to-date, changes are tracked, and new versions approved.
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Product formulation software allows teams to develop products quickly and cost-effectively by providing all relevant data in one place. With immediate access to data regarding raw materials, costs, R&D, compliance, and manufacturing processes, manufacturers can increase revenue, meet regulatory requirements and drive innovation.
If you are developing new products based on previous formulations, a formulation software solution can help you run a side-by-side comparison to review changes in the formulation and their impact on the finished product, in real-time.
By streamlining the entire process, product formulation software can help optimize inventory, control costs, and reduce time-to-market.
Formulation software, like Specright, is generally cloud-based, offering a myriad of privacy, security, and accessibility features that not only protect your sensitive data but also allow teams to collaborate without losing sight of efficiency and other performance metrics
The rules and compliance guidelines in the field of beauty, beverage, and food formulation can change overnight. It can be challenging for R&D teams to adapt to these sudden changes while protecting their profit margins. Fortunately, product formulation software enables manufacturers to implement these changes at scale and tweak their product formulations according to new rules and guidelines.
As a product manufacturer, you’d know that innovation can be a risky move since it requires a lot of research, time, and money. However, a product formulation management software solution can eliminate the risk and make your product a success in the competitive landscape.
With Specright, you can get the relevant information you need to develop or modify your formula that meets the ever-evolving customer needs and regulatory requirements.
With Specright, you can link raw material and ingredient specifications together to quickly build formulas. For more complex formulations, you can nest formulas within other formulas to accelerate product development. During the product development process, you can build out new formulas and ingredient lists leveraging new or existing specification templates.
Have an existing formula you just need to tweak? With our cloning capabilities, you can easily copy and create new variations. And we know things change and history is important – so you can easily supersede formulas and track previous versions – all on Specright.
Formulas and ingredients have huge implications on the safety of your products for consumers and the ability to withstand transportation. With Specright, our allergen rollups ensure proper allergen declarations on labels, which is critical for food and beverage and cosmetics customers when it comes to maintaining safety and product quality.
Speaking of cosmetics, ingredient lists are critical in this industry – and with Specright, you can easily manage quantitative and qualitative formula outputs.
Changes in formulations need to go through the right stage gates, whether that’s at the beginning of the formulation development process or once a revision or optimizations have been made. With Specright, you can streamline and quickly route formulation processes and approvals to various key stakeholders in real-time – whether they’re in other departments or partners in your supply chain.
Need to quickly see what’s changed? Our Spec Compare allows you to easily review formulas side by side and highlight what field and values have changed.
If you have concerns about sensitive formulation data, you can easily hide that data from other users in the system using advanced permissions. And if you have company-specific routing, our configurable workflows make it easy for you to digitize and standardize your processes.
Some ingredients aren’t compatible with products or packaging. It could be due to allergens, material conflicts with packaging, or the country it’s distributed in due to regulatory issues. When you link formulas to products in Specright, you’re alerted if there’s a potential conflict so you can avoid a potential recall, tax, or product failure.
Unfortunately, supply chain disruptions are becoming the norm. Whether it’s an increase in commodity prices or geopolitical disruption, it’s important to understand everything about an ingredient during its life cycle: where it comes from, who supplies it, where it’s used, and so on – so you can quickly understand the impact across your supply chain.
Specright’s user-friendly Specification Data Management platform integrates with your mission-critical software systems like ERP and PLM to ensure end-to-end product information management, so you can spend less time managing data and more time managing quality control, profitability, and new formula management.
Product formulation software can assist you in more ways than one.
Whether you want to launch a new product or improve an existing formulation, Specright can eliminate guesswork at every stage of your product development process. By providing you with relevant insights regarding raw materials, ingredients, formulas and processes, Specright can help you with quality management and reduce time-to-market.
It can be challenging for R&D teams to balance multiple goals tied to your product formulation process – ranging from product quality to cost control and recipe management to raw material acquisition. Specright can help bring order to the process so that your finished product checks all the boxes for you.
Specright puts your R&D on the fast track by taking care of data consolidation, which would have been time-consuming and trying for human resources. By having all relevant data in one place, your R&D team can make quick decisions and get your product on the market sooner.
Specright lets nothing get in the way of your product formulation process. By providing everything you need at your fingertips, Specright helps you make informed decisions regarding raw materials, costs, compliance, and changing customer needs so that you spend less time experimenting and more time getting your product into the hands of customers.
Specright is built on decades of industry data and best practices, which means you can rely on the data it provides for your product formulations. You can be confident that your finished product will meet customer expectations and compliance requirements without compromising efficiency.