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The Aberdeen Group report, “The Product Compliance Benchmark Report: Protecting the Environment, Protecting Profits,” found that most companies lack a sustainable, repeatable compliance process that can scale with the complexity of the compliance landscape.
“Despite their best efforts, many companies’ approaches to ensuring compliance have left them at a high risk of noncompliance, potentially resulting in an inability to sell in global markets, unmet customer mandates, blocked shipments and associated revenue loss,” says report author Jim Brown, vice president of Aberdeen’s product innovation and engineering practice. “The good news is that compliance performance depends less on level of effort and investment than on implementing best practices and an appropriate compliance architecture. Significantly, best-in-class companies are more than twice as likely to have fully automated, enterprise-wide systems as other companies.”
The report went on to document the business benefits obtained by top- performing companies in the compliance arena, including fewer stopped shipments and product recalls.
“Aberdeen’s report should be a great relief to the many manufacturers who are feeling intensifying pressure to better comply with mounting regulatory demands but have been daunted by the sheer scope of the challenge,” says Joel Lemke, Enovia CEO. “This study shows that working smarter-not harder-and investing more wisely versus just investing more money, can go far to protect critical business interests.”
For a copy of the report go to http://matrixone.ed4.net/profile/77/signup.cfm?L=5765379.