A method and system for optimizing a match between the color of an in-line part manufactured by a plastic product production machine and the color of a reference part by adjusting the concentration of masterbatch in the mixture of raw material fed to the plastic product production machine. The optimization of the color is based on spectra of the in-line part and reference part obtained within a short time interval using the same spectrometer, thereby eliminating the requirement for high accuracy spectrometer calibration and allowing the method, which determines the rates at which the base masterbatches are added to the raw material, to be carried out in real time on the manufacturing floor while the plastic product production machine is being operated to manufacture in-line parts.