Cost of Non-Compliance for Manufacturers Staggers

New Delhi, Delhi, India

The cost of non-compliance in the manufacturing industry is staggering.

-- The total regulatory burden on manufacturers is estimated at $162 billion dollars1.

-- In the U.S. alone, manufacturers pay $11,388 per employee in regulatory compliance costs2.

Risky Business

Manufacturers that do not conform to the standards set by the regulatory bodies are increasingly placing their organizations, their shareholders, and themselves at risk.

Combating the High Cost of Non-Compliance

Cincom Manufacturing Business Solutions has released a new Audit Management Solution Overview as part of its Enterprise Compliance and Quality Management (ECQM) platform to help manufacturers battle the high cost of non-compliance. Cincom ECQM provides an integrated suite of software applications to resolve issues quickly and prevent recurrence, helping to ensure compliance with industry and regulatory requirements.

Highlights of what Audit Management offers complex manufacturers include the ability to:

Reduce the Risk of Non-compliance

-- Audit Library: Benchmark performance against industry and regulatory criteria

-- Custom/Hybrid Checklists: Ensure that your company meets corporate governance and internal requirements

-- Inherit Policies: Enforce standards by enabling sites to inherit corporate policies and workflows Improve Audit Efficiency and Reduce Cost

-- Audit Programs: Reduce schedule conflicts and ensure that audits are done correctly and on time

-- Audit Response: Immediately trigger corrective actions to resolve issues rapidly

-- Attach Evidence: Quickly corroborate findings by storing evidence with audit results in a central location

Improve Quality Levels

-- Share Results: Promote continuous improvement by sharing audit results across sites

-- Create Action Plans: Quickly roll out action plans to initiate immediate improvement

-- Track Corrective Actions: Track the status of action plans to ensure that they are carried out effectively

For a copy of the "Audit Management Solution Overview," click here (pdf).

For a copy of the white paper, "Top Ten Reasons to Automate Manufacturing Compliance," click here.

About Cincom ECQM Solutions

Backed by over 35 years of successful manufacturing implementation experience, Cincom Enterprise Compliance and Quality Management (ECQM) helps manufacturers increase profit, reduce risk, and improve customer satisfaction. Cincom's fully integrated solution suite resolves issues quickly, prevents recurrence and ensures compliance with industry and regulatory requirements while helping organizations PERFORM and CONFORM more effectively.

Cincom serves clients on six continents including Aerojet, ATK, GKN Aerospace, MPC Products, and Trane.

Cincom serves clients on six continents including BMW, Citibank, Boeing, Northwestern Mutual, Federal Express, Ericsson, Penn State University, Milacron, Siemens, Rockwell Automation, and Trane. For more information about Cincom's products and services, contact Cincom at +91 11 23737590, send an e-mail to info_india@cincom.com , or visit the company's website at www.cincom.com.

Source: Cincom Systems India Pvt. Ltd. (Business Wire India)

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