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Regulatory intelligence

Sound management of regulatory compliance requirements; a good practice to adopt which can prove to be a source of savings

Regulatory intelligence has several aspects that at first glance may seem nebulous but are in fact very down to earth or practical.

  • What are the regulatory compliance requirements your business faces?

  • Do you know them all well and in detail?

  • Are there any requirements that fall under marketing conventions, norms or standards that you absolutely must meet to continue doing business ?

  • What is your level of compliance ?

  • Are you at risk of receiving a corrective action request , an official notice of license suspension, a financial penalty or worse being sued?

How to take advantage of regulatory intelligence

The previously mentioned situations can be avoided by implementing a strategy based on the principles of regulatory intelligence; that is to say, optimizing compliance with different requirements and establishing a head start that allows your establishments to remain compliant at all times and no longer be reactive when the rules change.

  • When did you implemented simple audit observations or even verbal comments from an inspector or auditor when they were not part of an official report?

  • When was the last time you attended a regulatory consultation or industry meeting? What did you get out of it?

  • Did you share the information with the quality team or the production team?

  • What are the main recent and/or anticipated changes in laws, regulations, standards, norms and clients programs , etc. that apply to your business?

  • Have you developed a plan to comply or are you waiting for the regulatory authority or customers to ask you to do so?

  • Do you understand the requirements of the different countries for exports?

  • Do you feel like you are at a disadvantage? If yes, why?

  • Have you assessed how to correct the situation?

  • How much does a non-compliance cost you?

    • In $, in person-time

    • In loss of efficiency

    • In potential impact on your reputation

    • In missed opportunities

    • As a product to be reworked or destroyed

These are all elements that constitute the basic principles of regulatory intelligence

We are able to help you develop, implement or even improve your strategy regarding your regulatory compliance so that you are able to meet regulatory compliance requirements and those of your customers (including those stipulated in the GFSI standards) but also and this is the most important: to stay one step ahead  of the game. This will simplify / streamline your approach to improve efficiency, minimize your effort to remain in compliance, assess the best strategies to use bilateral agreements between countries while making you earn more money.

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