How To Successfully Manage Your Suppliers And Ensure Product Safety And ComplianceSource: MasterControl
The more advanced manufacturing has become, the more streamlined it has gotten. Parts come from various suppliers throughout the world; certain functions or entire processes are outsourced. Companies achieve efficiency and reduce operating costs this way, but they sometimes risk product safety and regulatory compliance when they fail to properly manage suppliers, contract research organizations (CROs), and contract manufacturing organizations (CMOs).
In the past, manufacturers were primarily concerned about cost savings when outsourcing functions or contracting with vendors. Now they must also be vigilant about managing these external parties to ensure compliance and product safety. A growing list of unsafe and defective products, such as toys, foods, automobiles, and active pharmaceutical ingredients and raw materials, has emphasized the need for increased supplier and material verification through auditing of suppliers. Many regulatory agencies, particularly the FDA, have promised increased scrutiny of supply-chain management and import-related inspections, as well as toughened penalties for violations. A company’s ability to withstand this increased regulatory scrutiny, and maintain brand equity, will depend largely on the integrity of its supply chain management system. If your company uses the services of suppliers, CMOs, and CROs, this white paper will show you how the MasterControl™ enterprise quality management software solution can help you manage these external parties more effectively to minimize supply chain risks, ensure compliance, and optimize your outsourcing investments.