Blog
Upcoming Webinar

Performing the Right Analytics on Your Packaging Specs

Posted on 
May 4, 2016
5.4.16
Wednesday
Register
Download Presentation
Watch the Webinar

Chances are, if you’re a packaging engineer, management has asked you to provide statistics on what packaging the company uses, what it is made of or even how to reduce the overall costs of the company’s packaging. To get the answers, you pour through excel files of specifications, review PDF documents for hidden data and spend hours making management-friendly charts. Through all this work, you realize that to really take control of your packaging, you’ll want to analyze all the big data found within your company’s plethora of packaging specifications.

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.
No items found.
Discover the value of a Spec-first approach to your business
Get Started

Performing the Right Analytics on Your Packaging Specs

Chances are, if you’re a packaging engineer, management has asked you to provide statistics on what packaging the company uses, what it is made of or even how to reduce the overall costs of the company’s packaging. To get the answers, you pour through excel files of specifications, review PDF documents for hidden data and spend hours making management-friendly charts. Through all this work, you realize that to really take control of your packaging, you’ll want to analyze all the big data found within your company’s plethora of packaging specifications.

Download Case StudyDownload Case Study
Impact Metrics
-
+
-
+
-
+
-
+
The Impact
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.

Learn More
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.

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

Performing the Right Analytics on Your Packaging Specs

Chances are, if you’re a packaging engineer, management has asked you to provide statistics on what packaging the company uses, what it is made of or even how to reduce the overall costs of the company’s packaging. To get the answers, you pour through excel files of specifications, review PDF documents for hidden data and spend hours making management-friendly charts. Through all this work, you realize that to really take control of your packaging, you’ll want to analyze all the big data found within your company’s plethora of packaging specifications.

Posted on 
May 4, 2016
5.4.2016
Wednesday
Matthew Wright
Founder & CEO, Specright
RegisterRegister
Download Presentation

Chances are, if you’re a packaging engineer, management has asked you to provide statistics on what packaging the company uses, what it is made of or even how to reduce the overall costs of the company’s packaging. To get the answers, you pour through excel files of specifications, review PDF documents for hidden data and spend hours making management-friendly charts. Through all this work, you realize that to really take control of your packaging, you’ll want to analyze all the big data found within your company’s plethora of packaging specifications.

[vc_row][vc_column][vc_column_text]Chances are, if you’re a packaging engineer, management has asked you to provide statistics on what packaging the company uses, what it is made of or even how to reduce the overall costs of the company’s packaging. To get the answers, you pour through excel files of specifications, review PDF documents for hidden data and spend hours making management-friendly charts. Through all this work, you realize that to really take control of your packaging, you’ll want to analyze all the big data found within your company’s plethora of packaging specifications. Here are a few examples of charts that you might find useful.

<h3><strong>1. Analyzing packaging by location.</strong></h3>

If your company has multiple manufacturing locations across town or across the world, you can benefit by identifying which packaging options can be found at which location. This makes it easier to identify waste or optimize packaging options at each location. With all of your packaging specifications loaded into one system, location analytics should be a snap.

<a href="http://174.136.12.206/~specrigh/wp-content/uploads/2016/05/chart1.png"><img class=" size-full wp-image-18343 alignleft" src="http://174.136.12.206/~specrigh/wp-content/uploads/2016/05/chart1.png" alt="chart1" width="281" height="261" /></a>

<h3><strong>2. Specification status</strong></h3>

When you are working with large packaging projects with fast moving goods, there are multiple people involved with the packaging – designers, engineers, brand managers, and QA. Each one of them has a given role and approval. Keeping track of who has approved which specs and how many outstanding approvals are still needed is critical to keeping your projects on track and getting the product to market with the right packaging. Consider creating a report showing the status of approved specs.

<a href="http://174.136.12.206/~specrigh/wp-content/uploads/2016/05/chart2.png"><img class=" size-medium wp-image-18342 alignleft" src="http://174.136.12.206/~specrigh/wp-content/uploads/2016/05/chart2-300x225.png" alt="chart2" width="300" height="225" /></a>

<h3><strong>3. Packaging by recycled content</strong></h3>

With today’s focus on the environment, you will want to be proactive on reporting the recycled content of all your packaging within your sustainability reporting. Create quick and easy reports for your corporate communications team to easily spread your good work with your customers and stakeholders.

<a href="http://174.136.12.206/~specrigh/wp-content/uploads/2016/05/chart3.png"><img class=" size-medium wp-image-18341 alignleft" src="http://174.136.12.206/~specrigh/wp-content/uploads/2016/05/chart3-300x226.png" alt="chart3" width="300" height="226" /></a>

<h3><strong>4. Packaging Type</strong></h3>

Knowing which type of packaging your company uses might not seem so interesting, but it is the starting point for understanding where optimizations and cost reductions can be made. Start with a simple chart outlining the number of specifications within each packaging type. You might be surprised by the data you get back.

<a href="http://174.136.12.206/~specrigh/wp-content/uploads/2016/05/chart4.png"><img class=" size-medium wp-image-18340 alignleft" src="http://174.136.12.206/~specrigh/wp-content/uploads/2016/05/chart4-300x244.png" alt="chart4" width="300" height="244" /></a>

<h3></h3>

<h3><strong>5. Packaging Additions</strong></h3>

SKU proliferation is rampant today with so many consumer products on the market. There are 200m packaging SKUs in the world and 60m in the United States alone, with 10,000 new SKUs added everyday. Keep track of your new SKUs by tracking how many new specifications are created each quarter.

<img class=" size-medium wp-image-18339 alignleft" src="http://174.136.12.206/~specrigh/wp-content/uploads/2016/05/chart5-300x225.png" alt="chart5" width="300" height="225" />

Creating these types of analytical charts is easy if you have all your packaging specifications organized in a centralized system. Whether they are in excel or an intelligent specification management system like Specright, you’ll find that once you start performing analytics you will gain surprising insight into your packaging.

If you don’t have a system to manage your specifications, book a demo of the Specright platform today and find out how you can take control of your packaging specifications and create useful charts like the ones showcased above.

<h3>Ready to get started with Specright?</h3>

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][grve_button button_text="REQUEST A DEMO" button_size="large" button_shape="round" button_link="url:https%3A%2F%2Fspecrightdemo.youcanbook.me%2F||target:%20_blank|"][/vc_column][/vc_row]

Explore More
Content
Visit 
No items found.
About 
Matthew Wright

Matthew Wright is the founder & CEO of Specright. Prior to founding Specright, he 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. He sits on the Packaging Advisory Board at Cal-Poly San Luis Obispo.

What's the Difference between Product Lifecycle Management and Specification Data Management™?
By 
With 
Matthew Wright
1.21.2020
Tuesday
Listen Now
Accelerate Life Cycle Assessment with Specification Management Software
By 
With 
Matthew Wright
4.2.2020
Thursday
No items found.
Listen Now
Get Started
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.
Get Started