As the manufacturing industry moves towards digital transformation and Industry 4.0, it continues to adopt new technologies and advanced manufacturing processes. These new tools are also leading to increasing rules, regulations and demand for operational transparency, urging manufacturing enterprises to adopt new strategies to address regulatory compliance.
Rapid changes in regulatory requirements can drastically impact financial performance, but with the right infrastructure and strategy in place, manufacturers can be prepared and maintain compliance as the industry shifts.
Manufacturers need to consider a wide range of issues, affecting nearly every department within an organization, in their compliance plans, including:
- Product safety, health and environmental impact
- IT safety, security and data protection
- Financial reporting requirements
- HR and employment regulations
Monitoring quality and regulatory controls is important to maintaining compliance, especially when considering infrastructure and data management. By integrating data across the supply chain, manufacturers can more easily compile data for a better view of potential risks.
Data management and integration of real-time machine, sensor, information security and supply chain data can create more effective workflows and reduce compliance costs by 30-40 percent.
Effective compliance systems provide an important competitive advantage in the manufacturing industry, and data integration provides more efficient, real-time tracking and reporting processes to save time and money in the reporting process. At Reliable Software, we give customers the assurance that they have the right data and strategies in place to maintain compliance and reduce potential operational risks.
To learn how you can save time and money on regulatory compliance, visit our manufacturing integration site and contact us today.