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Compliance Management: How It Helped a Consumer Products Company to Reformulate Products With Net Sales Value Over $230 Million | SpendEdge

LONDON–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/ComplianceManagement?src=hash" target="_blank"gt;#ComplianceManagementlt;/agt;–SpendEdge, a leading provider of procurement market intelligence
solutions, has announced the completion of their compliance
management study for a consumer products company
.


Project background

The company wanted to reformulate, test, produce and distribute over 250
of its products while addressing local municipalities deadlines for
regulatory compliance using FDA guidelines. The key objectives they
aimed to achieve through this engagement were as follows:

  • Objective 1: The company wanted to distribute products worth
    $150 million (net sales value).
  • Objective 2: They were also interested in building a compliance
    management system that can reduce the pressure on their internal
    corporate team.
  • Want to gain more information? Request
    a free demo
    and see how our solutions can help you address
    the FDA guidelines apart from mitigating unprecedented risks.

“Compliance management system is imperative for companies to ensure
that any business or legal actions taken are within legal parameters. It
ensures that the
appropriate’ actions have been taken in order
to prevent incidents and mitigate risks,” says a procurement expert
from SpendEdge.

Key findings and solutions offered

In collaboration with SpendEdge, the client – a global consumer
products company
– was able to create the user-defined workflows for
approvals and reviews based on the organizational hierarchy levels. The
solution offered helped them to:

  • Gain various statistics required in the FDA guidelines to determine if
    the product has been properly manufactured, distributed and stored.
  • Improve built-in and customizable workflow capabilities while ensuring
    internal compliance in the company.
  • Interested in improving workflow capabilities? Request
    a free proposal
    and access our
    complete portfolio of compliance management solutions today!

Outcome: SpendEdge enabled the consumer products company to
challenge the status quo to simplify the reformulation process and
increase the efficiency of the organization. This allowed the client to
consolidate business intelligence across divisions and gain global
visibility into the risk and compliance initiatives. The solution
offered further helped the company to reformulate products with a Net
Sales Value over $230 million and 0.9 million
under budget.

To access the complete case study on compliance management, get
in touch with our experts here!

About SpendEdge:

SpendEdge
shares your passion for driving sourcing and procurement excellence. We
are the preferred procurement market intelligence partner for 120+
Fortune 500 firms and other leading companies across numerous
industries. Our strength lies in delivering robust, real-time
procurement market intelligence reports and solutions.

Request free proposal to know more, https://www.spendedge.com/request-free-proposal

Contacts

SpendEdge
Anirban Choudhury
Marketing Manager
US: +1 630
984 7340
UK: +44 148 459 9299
https://www.spendedge.com/contact-us

LONDON–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/ComplianceManagement?src=hash" target="_blank"gt;#ComplianceManagementlt;/agt;–SpendEdge, a leading provider of procurement market intelligence
solutions, has announced the completion of their compliance
management study for a consumer products company
.


Project background

The company wanted to reformulate, test, produce and distribute over 250
of its products while addressing local municipalities deadlines for
regulatory compliance using FDA guidelines. The key objectives they
aimed to achieve through this engagement were as follows:

  • Objective 1: The company wanted to distribute products worth
    $150 million (net sales value).
  • Objective 2: They were also interested in building a compliance
    management system that can reduce the pressure on their internal
    corporate team.
  • Want to gain more information? Request
    a free demo
    and see how our solutions can help you address
    the FDA guidelines apart from mitigating unprecedented risks.

“Compliance management system is imperative for companies to ensure
that any business or legal actions taken are within legal parameters. It
ensures that the
appropriate’ actions have been taken in order
to prevent incidents and mitigate risks,” says a procurement expert
from SpendEdge.

Key findings and solutions offered

In collaboration with SpendEdge, the client – a global consumer
products company
– was able to create the user-defined workflows for
approvals and reviews based on the organizational hierarchy levels. The
solution offered helped them to:

  • Gain various statistics required in the FDA guidelines to determine if
    the product has been properly manufactured, distributed and stored.
  • Improve built-in and customizable workflow capabilities while ensuring
    internal compliance in the company.
  • Interested in improving workflow capabilities? Request
    a free proposal
    and access our
    complete portfolio of compliance management solutions today!

Outcome: SpendEdge enabled the consumer products company to
challenge the status quo to simplify the reformulation process and
increase the efficiency of the organization. This allowed the client to
consolidate business intelligence across divisions and gain global
visibility into the risk and compliance initiatives. The solution
offered further helped the company to reformulate products with a Net
Sales Value over $230 million and 0.9 million
under budget.

To access the complete case study on compliance management, get
in touch with our experts here!

About SpendEdge:

SpendEdge
shares your passion for driving sourcing and procurement excellence. We
are the preferred procurement market intelligence partner for 120+
Fortune 500 firms and other leading companies across numerous
industries. Our strength lies in delivering robust, real-time
procurement market intelligence reports and solutions.

Request free proposal to know more, https://www.spendedge.com/request-free-proposal

Contacts

SpendEdge
Anirban Choudhury
Marketing Manager
US: +1 630
984 7340
UK: +44 148 459 9299
https://www.spendedge.com/contact-us

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