Compliments of Cincom Manufacturing
Of all the forces impacting manufacturing today, compliance is fundamentally re-ordering the landscapes of entire industries. Lack of compliance can cost millions of dollars in lost market share, inventory write-downs for products that are not compliant, and present significant challenges in turning around a tarnished reputation. In addition, there is the broader and much more costly expense of rearchitecting and redefining supply chains and products to be in compliance.
What manufacturers need to realize is that through the efforts to be more compliant with regulatory standards, they can transform their manufacturing operations to be more competitive. Compliance is transforming the companies that have taken the time to rearchitect and redefine the many processes relied on for managing suppliers on the one hand and channel partners, resellers, and customers on the other.
There are many other examples of manufacturers gaining competitive advantage through compliance, and the one takeaway all of these companies share is a common focus on using the regulatory requirements of the EU as the foundation for transforming their supply chains and approaches to selling. The essence of the lessons learned is that those manufacturers that are turning compliance into a competitive advantage look to integrate quickly with other supply chains that have either achieved compliance or are aggressively pursuing it. Finding those supply chain networks that are aggressively pursuing these goals and when possible, joining them, is what the leading manufacturers are doing today to speed their efforts at attaining compliance.