7MARCH 2021unnecessary confusion, errors and cost. Recreating lost, fragmented or untraceable documents instead of focusing on the development of a new product can cost your company thousands of dollars in hard costs - as well as soft costs, like staff time and efficiency," says Severin Weiss, CEO & Founder of SpecPage. "Continually updating product data across multiple spreadsheets is time-consuming, and the information is prone to data entry error." Implementation of the SpecPage' SaaS solution provides rapid results and substantial tangible and quantifiable benefits, improve productivity by replacing manual processes and reducing errors. Besides, a central database with historical data will allow the users to reuse past experiments and formulations, speed new product development, and update Change Requests to existing products in real-time. The SpecPDM application platform from SpecPage offers a single database for raw materials, formulas, packaging, labeling, and specifications, and a tool to standardize internal approval processes. At any point in time, the latest information about all products is available, allowing food manufacturers to react to market demands faster and more fexible manner by leveraging existing resources. There is no doubt that an implementation project and data consolidation can bring their challenges; however, when product development and information solutions are well-integrated, they provide a quick return on investment. When overall efficiency and data quality are improved, food producers can drive innovation and profitability, ensuring long-term success. "We currently already have customers on all continents. We're the European market leader for food and beverage PLM formula and compliance management solutions, in the US we only have couple dozen customers," says Weiss. "Currently we are evaluating how to accelerate the US market penetration together with a strategic partner." SpecPage is investing in enhanced digital supply chain functionality to comply with regulations, identify risks that can cause harm to consumers, workers, and the environment. ITO
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