Businesses are responsible for any non-compliance in their own services even if the non-compliance was committed by a vendor.
If the vendors commit a compliance violation there are two possibilities.
Total compliance management is only possible if compliance is also managed for vendors.
Most businesses schedule deliveries a few days in advance, so a few hours will not cause any real problems.
However, if the vendor is not consistent with the delivery time, they may soon start being days late.
Step 2: Rethink the Way your Requirements are Delivered
Quality and compliance are the building blocks of safety and efficacy of drugs and devices. They are the pathways for life science organizations to provide a meticulous framework to their businesses. According to a recent survey, over the years, the Regulatory scrutiny has increased across various aspects of the business including clinical operations, data privacy, and sales and marketing. These keen observations are driving organizations to explore the hidden opportunities and potential of innovative compliance. However, the shift in the global compliance requirements is pushing companies to continuously adopt the evolving standards.
To better satisfy the global Regulatory compliance requirements, businesses should modernize their approach, to ensure the needs of both, business as well as end-users are met. Modernizing compliance approach can result in the development of a value-adding strategy in terms of efficiency and shaping the future of compliance landscape. But from a holistic view, there are a few challenges that should be addressed first, like:
1. Lack of innovation
Even though the pharma industry is investing in technology, the fact that only a little emphasis is given to compliance is alarming. The lack of automation in the process and
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