Katie Exum talks about why Specification Data Management™ is the solution to the challenges she faced in CPG.
Trends Driving Change in CPG Consumer Packaged Goods
Pressure from Direct-to-Consumer brands, the rise of eCommerce, and the drive to be sustainable are just a few examples of the challenges facing CPG companies.
For CPG companies to stay on top of changing consumer trends, they need to move beyond legacy systems and processes that inhibit innovation.
With Specright, we take care of managing your specification data and automating workflows. This means you spend less time on process and more time bringing innovative products to market.
Quality & Documentation
Materials, Formulas & Ingredients
Purchasing & Procurement
Manage Packaging Specifications
In CPG, it’s all about your product’s ability to stand out on the shelf, so packaging can be a major differentiator. With the rise of retailer-specific packaging along with increasing personalization and regionalization, it’s more important than ever to control packaging specs.
With Specright, all of your packaging specs are in one place and can be easily linked together to form BOMs or Finished Goods. You can even take advantage of spec templates to reduce the time it takes to create new packaging specs.LEARN MORE
- Reduce the number of packaging SKUs
- Decrease misprints and accelerate packing
- Reduce the time it takes to create new packaging
Manage Raw Materials, Ingredients, & Formulas
Changing consumer preference, such as the desire for organic or all-natural products, means that formula management is more important than ever. The ability to ensure accurate labeling and managing technical flags across brands and formulas is also critical.
With Specright, you can easily centralize and control formulas, ingredients, and raw material specs. Quickly identify what ingredients are used where and ensure that manufacturing facilities and external vendors are on the same page.
- Reduce incidents related to mislabeling
- Increase speed to new market entry
- Increase traceability and mitigate recall risk
Simplify Purchasing & Procurement
Many CPG companies have vast supplier networks that help bring products to life. This also creates a web of supplier documentation that can be difficult to manage.
With Specright, you can quickly onboard new suppliers, manage documentation, and even quickly create an RFP. With Specright, you can focus less on paperwork and more on supplier partnerships.LEARN MORE
- Improve supplier – and product – data
- Reduce time to bid and increase cost savings
- Mitigate issues & minimize time out of market
Make Sustainability a Reality
CPG companies are recognizing the importance of sustainability and making commitments to improve. As companies begin to take action, a common realization is that little is known about product specs and raw materials.
Ranging from formulas to ingredients and packaging, being able to manage specs to the raw material level enables companies to benchmark current usage and track progress over time.LEARN MORE
- Increase raw material visibility across products
- Identify ways to reduce waste