Ithos is proud to sponsor the
October 9, 2018 | 14:55 - 15:35 ET
Bringing a product to market quickly is critical to business success. The right processes, tools and information sources are the basis for a successful and compliant product launch. To fail in any of these areas results in costly re-formulations, re-work and a damaged brand reputation.
In this talk, you’ll learn how to avoid these risks while optimizing your New Product Introduction (NPI) process for faster time to market and elevated ROI for your team, your product and your company.
The compliance data exchange between brands, manufacturers, and their suppliers is a cornerstone of timely and efficient product launches. It can be difficult to obtain, find and extract the correct and relevant information from appropriate sources.
Thus, the need for smooth communication between the brand owner and the third-party manufacturers is vital to stay on schedule, reduce delays and be within budget during the new product introduction process.
Delays in the NPI process are caused by inefficient processes. This can be related to weak methodology used to obtain accurate regulatory information, or related to gaps in communication between departments or companies. Weak methodology and gaps cause a once highly anticipated product launch to miss significant opportunities that could have led to greater company success and improved market share.
This presentation will discuss the steps in the NPI process necessary to streamline compliance for your company. Steps include regulatory reviews, ingredient attribute reviews, and more.
This talk will also reveal an approach to effectively exchanging information, as well as how to view and measure results.
You’ll learn the tools and methodologies necessary to efficiently manage compliance – from ingredients to finished product – in order to reduce the time it takes to launch new products, to collaborate effectively with your suppliers and to decrease risk of non-compliance.
You’ll gain a greater understanding of how to obtain visibility of simultaneously occurring tasks and activities involved in product introductions, and discover how to design workflows that are:
• Cost effective
Understand the importance of metrics, and how to capture and prioritize the right information in order to determine which methods are working and which need to be adjusted.
Discover the functional approach necessary to align supply chain components in the NPI process and to maintain organized systems with a handle on up-to date, accurate regulatory information and the exchange of that information.
Approaching new product introductions and the necessary regulatory compliance components proactively allows for successful product launches, done right the first time. Shift company practices that were once reactive to proactive and get to market faster while maintaining compliance.
Join us to learn how to work with your suppliers, your colleagues and your compliance agencies to maximize product ROI.
Ithos is an IT organization that has a deep knowledge in regulatory legislation that provides both solutions and SaaS offerings. Ithos helps companies efficiently deliver regulatory compliance reports, decrease time to market, create safety documents, and organize regulatory information.
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