In today’s demanding consumer goods environment, goods-producers are creating thousands of new product SKUs everyday to satisfy consumer demand. Along with these new products, come new packaging specs.
Specright’s Like Item Finder makes it easy for companies to find already existing similar packaging specs quickly to enable faster time to market. In addition, it can be used to avoid the creation of duplicate items, to provide visibility in harmonization/consolidation projects for bulk purchasing and to find similar items that can be substituted in out-of-stock situations to reduce shortages and eliminate downtime.
Use Like Item Finder to search specs by commodity type, dimensions (with tolerances), style, and material. The Like Item Finder provides the ability to search specification data for similar items based on key attributes. Typical search criteria include commodity type, dimensions (with tolerances) , style, and material. Data can be saved within Specright’s Specification Data Management software making it easy for project teams to perform in-depth analysis and create reports.Some typical use cases for Like Item Finder include:
- New package development: Aids in finding existing similar items when your product management colleague requests a new packaging component for a new product, which can help eliminate recreating a duplicate component. For example, you need a new 12 x 4 x 2 inch LDPE bag. Use Like Item Finder to locate an already existing similar spec that you can clone and edit to match the specific request.
- Substitution for out of stock: Search for substitute items when inventory is low on another item. For example, you are running out of a 19.0 x 13.5 x 9.5 inch Kraft RSC shipper. You can use the Like Item Finder to find a replacement suitable box.
- Bulk purchasing consolidation: Streamline consolidation projects by giving fast visibility of similar specs. For example, you want to review all corrugated boxes within a 1-inch tolerance of 15.0 x 11.0 x 6.0 to determine if there is any opportunity to consolidate to one size and decrease your costs with greater volume purchases.
- Search for customer requirements: Enable sales and customer service to quickly locate all items that match a customer's given requirements without having to ask the procurement or packaging groups for that information.
In addition to the Like Item Finder, Specright’s Specification Data Management software includes all structural attributes, print & artwork details, purchasing information, logistics requirements, finished good BOMs, and all related documents. All data is searchable in a metadata driven platform that provides the intelligence to manage packaging specs efficiently and effectively – reducing costs across the supply chain.
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If your company is using outdated technology like PDF files, spreadsheets or inflexible ERP solutions to manage your packaging/label specs, consider the Specright Specification Data Management Platform. Our customers use Specright’s Exchange to share accurate, approved specs with suppliers real-time, reducing their risks for recalls due to improper packaging/labels.