compliance

A new study conducted in the Nordic countries shows that standards are associated with 28 percent of GDP growth, according to its proponents.

Companies benefit from standards the most by getting access to new foreign markets and ensuring the quality of their products. A vast majority of the respondents, 87 percent, consider that standardisation plays a key role in their future business plans.

Standardisation is a key to a well-functioning, economically prospering and sustainable society. It is also a way to increase economic growth.

These conclusions can be made from the results of the new study, The Influence of Standards on the Nordic Economies. [Read more…] about New study: Standards increase economic growth and help companies access foreign markets

Adam Bannaghan, technical director of product lifecycle management (PLM) provider, Design Rule, discusses the growing role of PLM in managing quality and compliance

The advantages of PLM software are widely understood; improved product quality, lower development costs, valuable design data and a significant reduction in waste. However, one benefit that does not get as much attention is PLM’s support of regulatory compliance.

Nobody would dispute the necessity of regulatory compliance, but in the product development realm it certainly isn’t the most interesting topic. Regardless of its lack of glamour, failure to comply with industry regulations can render the more exciting advantages of PLM redundant. [Read more…] about Continuous compliance: The growing role of PLM in compliance management