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Executive Briefing: Accelerating SKU Rationalization

Posted on 
May 29, 2020
5.29.20
Friday
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Many executives leading the charge on SKU rationalization initiatives typically assemble teams and spreadsheets for a months long numbers crunching exercise. But once these manual SKU rationalizations are complete, the results are temporary - as new products and specifications and constantly being created and updated. To create a scalable, ongoing approach to SKU rationalization, organizations must deal with the root cause of the problem: a lack of Specification Management.

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Speakers
Bringing together leaders in industry and technology to drive innovation.
Matthew Wright
Founder & CEO
About Matthew
Matthew Wright is the founder & CEO of Specright, the first cloud-based platform for Specification Management. Specright has been recognized as a Gartner Cool Vendor, received the Salesforce Innovation Award and was named one of the Top Places to Work by the OC Register and Built in LA. Wright is also a published author and his book, “The Evolution of Products and Packaging,”was named to the Amazon Hot New Release List for Industrial Relations Business and has a five star rating.

Prior to founding Specright, Wright spent more than 25 years in the packaging industry, holding leadership positions at International Paper, Temple Inland, and rightPAQ — a packaging company he co-founded. He has also been involved in leading multiple M&A deals in the packaging industry and sits on the Packaging Advisory Board at Cal-Poly San Luis Obispo.
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“With Specright, we’ve been able to remove non-value added administrative work and spend more time on things our customers are actually paying us for when it comes to packaging design. Having good and readily available information has been key for us.”
Nick Malewicki
Sr. Automation Engineering Manager, Pactiv Evergreen
Why You Need Specright

When everyone has access to specifications, amazing things happen – faster product development, improved quality, and less waste.

Learn More
Discover the value of a Spec-first approach to your business
Get Started

Executive Briefing: Accelerating SKU Rationalization

Many executives leading the charge on SKU rationalization initiatives typically assemble teams and spreadsheets for a months long numbers crunching exercise. But once these manual SKU rationalizations are complete, the results are temporary - as new products and specifications and constantly being created and updated. To create a scalable, ongoing approach to SKU rationalization, organizations must deal with the root cause of the problem: a lack of Specification Management.

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Impact Metrics
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The Impact
Get the Executive Briefing
“With Specright, we’ve been able to remove non-value added administrative work and spend more time on things our customers are actually paying us for when it comes to packaging design. Having good and readily available information has been key for us.”
Nick Malewicki
Sr. Automation Engineering Manager, Pactiv Evergreen
Specification Management Summit

Join us for the industry leading Specification Management conference. Specification Management Summit will be held Jan. 16-18, 2023, in Nashville TN.

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Academia

Specright partners with the leading Packaging Academia programs in the U.S., enabling the future workforce with hands-on experience to its Specification Data Management platform.

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Report

Executive Briefing: Accelerating SKU Rationalization

Many executives leading the charge on SKU rationalization initiatives typically assemble teams and spreadsheets for a months long numbers crunching exercise. But once these manual SKU rationalizations are complete, the results are temporary - as new products and specifications and constantly being created and updated. To create a scalable, ongoing approach to SKU rationalization, organizations must deal with the root cause of the problem: a lack of Specification Management.

Posted on 
May 29, 2020
5.29.2020
Friday
RegisterRegister
Download Presentation

Many executives leading the charge on SKU rationalization initiatives typically assemble teams and spreadsheets for a months long numbers crunching exercise. But once these manual SKU rationalizations are complete, the results are temporary - as new products and specifications and constantly being created and updated. To create a scalable, ongoing approach to SKU rationalization, organizations must deal with the root cause of the problem: a lack of Specification Management.

Get the Executive Briefing
Learn how to rationalize your SKUs.

SKU rationalization is the process by which companies consolidate duplicate or similar SKUs across their product lines, enabling  cost savings, operational efficiencies, and more.

While the term isn’t new, the impact of SKU proliferation on supply chains is taking a toll as business leaders look for new ways to drive efficiencies and cost optimizations. As a result, many are turning to SKU rationalization. Download the executive briefing to learn how.

“With Specright, we’ve been able to remove non-value added administrative work and spend more time on things our customers are actually paying us for when it comes to packaging design. Having good and readily available information has been key for us.”
Nick Malewicki
Sr. Automation Engineering Manager, Pactiv Evergreen
Why You Need Specright

When everyone has access to specifications, amazing things happen – faster product development, improved quality, and less waste.

Learn More
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Gartner®: Market Guide for Packaging and Product Specification Management
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Forrester Report: Specright Enables Innovation and Rapid Market Response
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With Specright’s Solution Suite, you can digitize, centralize, and link your specification data to drive efficiencies, intelligence, traceability, and collaboration within your organization and across your supply chain network.
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