DO NOT PUBLISH — Raising Confidence and Driving Business Value with Product and REACH Compliance — DO NOT PUBLISH
This IDC Manufacturing Insights White Paper examines product and REACH compliance and how a comprehensive, IT-supported process goes well beyond regulatory compliance to drive business value through revenue and brand protection, cost savings, process efficiencies, faster product introduction, access to existing and new markets, and competitive advantage.
From the introduction to the report:
● Manufacturers often underestimate the risks associated with an ineffective product compliance management system and the limitations such a system places on supply chain continuity, revenue growth, customer service, and margins.
● Manufacturers are looking for ways to prevent and eliminate “compliance gaps,” reduce risk, and build confidence in their product quality and safety as they pursue new opportunities.
● As manufacturers seek to operate in a more global marketplace, with increasing supply chain complexity, the number and depth of compliance issues will also continue to grow considerably, and any product compliance management system must be able to adapt to new regulations easily and quickly.
● Product and REACH compliance is the foundation for important strategic objectives such as improving the company’s reputation and reducing its environmental footprint.
● It’s not enough to merely define a product compliance management process; an IT-based system must be in place to ensure compliance management is consistent, yet flexible and auditable across the company.
