Managing specifications using different sources of information leads to a lack of reuse, a proliferation of duplicate data and difficulty in properly assessing the impact to the organization when there is a change (or need for change) to a formula, possibly resulting in compliance failures.  Only by sharing single-source-of-truth data across the extended enterprise can true economies of scale be realized.

• Reduce Time to Develop : Improved collaboration between internal  and external stakeholders involved in the Product development process and decision-making.
• Develop Digital IP : Single version of truth, enable product derivative, virtual design & visualization, component reuse, accelerate the pace of design review and approval
• Standardize product definition with templates and formally control changes
• Ensure product quality, consumer safety, and regulatory compliance