Leading manufacturers face ever increasing challenges to bring new products to market that adhere to regulatory compliance mandates around the world. Without clear visibility into regulatory requirements and their impact on product design and development, manufacturers can be put at risk of being late to the market or suffer the effects of product recalls. Compounding this challenge is the growing complexity brought on by the increased number of product variants to meet local and regional customer requirements.
Understanding the scope and the impact of regulatory requirements from every country the product can be bought, and how they affect your products and your product development process can determine market success or failure. By managing your product’s regulatory compliance and associated risks in the earliest phases of development, where decisions have the most impact and are least disruptive, better performing, compliant, and more profitable products can get to market faster.
Watch how Schneider Electric, global leader in energy management, achieves business value through their successful compliance strategy with the video below.
Alain Digeon, Global Supply Chain, discusses how Schneider Electric not only complies with government regulations they also provide customers with information such as lifecycle analysis and end of life instructions.