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CIO Bulletin
Specification Data Management (SDM) is the foundation for supply chain systems. When companies implement SDM, downstream systems become smarter and more accurate. As a cloud-based SaaS platform, it’s easy to pass data to other systems, making your SDM platform the ideal single source of truth. SDM platforms can easily intake data from ERPs, PLMs, and data visualization tools, streamlining outcomes like cost optimization, faster product development, and advanced analytics.
Specright is the first purpose-built platform for Specification Data Management™. Whether it’s packaging, raw materials, formulas, products, or machines, Specright helps companies digitize, map, and take action across their supply chain to reduce costs, increase profitability, and drive sustainability. Its customers operate in agriculture, automotive, cosmetics, food & beverage, manufacturing, FMCG/CPG, medical, or any industry reliant on accurate specifications. Founded in late 2014, Specright is privately held and headquartered in Irvine, California.
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.
Product Development: A Faster and Smarter Approach
To stay ahead of the competition, product development is key. With Specright, you'll accelerate speed to market by gaining comprehensive visibility into all the data that aid in bringing your products to life. Streamline project management, quickly build out BOMs, and forecast cost to determine profitability and sustainability of your new product ideas from brainstorming to end-of-life. With Specright, you’ll spend less time chasing data and more time testing and finalizing your new product. Specification linkages enable users to easily see the materials being used by each product, so you can understand the sustainability of products as you create them. Enforce sustainability requirements, get recommendations on material substitutions, and quickly report on raw material usage across products and packaging – all within Specright.
Clone and easily edit product specs to fit your new design, saving time and allowing you to give your customers what they want faster. If you want to build a brand-new spec, use the Like Item Finder to easily search for existing specs and link them to new projects to accelerate ideation, while applying learnings from previous or existing product development cycles. Streamline requests via centralized and standardized forms, while making the validation process easier with a holistic view of your supply chain’s capabilities, your entire product line, and vital sales information. By tying performance to products at the spec level, you can forecast success to intelligently strategize which requests to prioritize. 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.
Packaging Management Software: Transform Your Packaging Performance
Packaging professionals trust Specright to help manage the entire packaging life cycle, from ideation to production. Easily create, share, and keep track of packaging specifications and work with suppliers to bring packaging to market. Specright’s packaging specification management software provides insight to make packaging more sustainable with less environmental impact, while calculating cost savings and identifying waste. Report on raw material usage and get substitution recommendations, run LCAs faster than ever, rationalize SKUs, and easily track and enforce sustainability throughout the product development cycle.
Instead of consolidating SKUs by assembling teams and spreadsheets for a months-long numbers crunching exercise, Specright’s Like Item Finder lets you easily search for and quickly find similar specs. You can also control search parameters to ensure you only keep existing specs that adhere to sustainability-related goals and requirements. During packaging development, the Validation Rules feature flags similar specs to prevent duplicate packaging from being created in the first place.
The International Safe Transit Association (ISTA) has partnered with Specright to create PackSight, enabling seamless packaging test planning and reporting for compliance with ISTA industry standards. Built on the SDM Platform, ISTA PackSight enables packaging and supply chain professionals to digitally perform ISTA tests, reducing test time from hours to minutes, making results easily shareable, and ensuring accuracy through a guided test selection process.
Quality Management Software: An Intelligent Approach to Quality & Traceability
Specright’s quality management solution enables you to better identify and manage risk by linking quality records to specifications and suppliers to drive visibility, traceability, accountability, and intelligence throughout your supply chain. Prevent quality issues with better insight into their root cause at the specification level, while uncovering optimization opportunities.
Today, most quality professionals log COA’s, SCARs, complaints, or other actions in a stand-alone quality management system (QMS). Specright enables you to quickly initiate any of these records and tie them to the corresponding specification, sub-assembly, or finished good to pinpoint exactly what went wrong, correct this issue, and prevent it from reoccurring. The visibility and traceability of issues helps teams beyond quality, such as procurement, packaging, and product development.
The Visionary Leader Upfront
Matthew Wright is the Founder and CEO of Specright. 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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