In the rubber and plastic manufacturing industry, compliance with standards is crucial. If a company fails to meet those placed upon them by regulatory bodies such as the Environmental Protection Agency (EPA) or the Food and Drug Administration (FDA), it could face hefty fines, legal penalities, or even be shut down altogether. Compliance is complicated though and managing it can be expensive. Here are three ways rubber and plastic ERP software can help you cut the cost of mananging compliance, simplify the process, and avoid the penalities listed above.
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One of the most complicated aspects of compliance is knowing the many regulations and how they impact your specic business; and that’s not easy. For example, the FDA has placed strict regulations on the manufacturing of plastic barrels for the food and beverage industry. Also, many rubber and plastic parts are used on automobiles. These parts usually require manufacturing companies to comply with quality assurance standards created by industry groups such as the Automotive Industry Action Group (AIAG). Rubber and plastic products used on airplanes or in the nuclear industry have different regulations altogether.
While keeping up with all of these standards may seem difficult, the implementation of rubber and plastic ERP software can help you better manage compliance for your company and avoid making small mistakes that can lead to major consequences. How? by automating parts of the process, improving your record-keeping, and more. Below are just three of the ways an ERP system can help your rubber and plastics company increase your compliance confidence.
- Audit trails
An audit trail provides a chronological record of data that gives documentary evidence of the sequence of activities that have affected a company at any given time for a specific operation, procedure, or event. An audit trail is especially important in the rubber and plastic manufacturing industry because it addresses compliance requirements for how data is used in the industry. Be sure to look for this functionality when searching for an ERP system that fits your company.
- Lot traceability
Lot traceability refers to the ability to access the detailed history of all manufactured lots, batches and serialized units across multiple plants. For example, if a rubber or plastic product is recalled, lot traceability allows manufacturers to identify which lot (or lots) were affected so they can quickly fix the problem and only recall products that came from those locations.
- Electronic signatures
This functionality may often be overlooked in an ERP system, but it is just as important for ensuring industry compliance. Electronic signatures allow manufacturers to enhance control over their internal automated workflow. These signatures are usually required to comply with various rubber and plastic industry regulations. An effective ERP system will provide a variety of features in its electronic signature structure including tables, actions and objects to store, and programs that allow easy collection and storage of signatures.
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One last thing to remember: As you evaluate potential systems, be sure you select one that has the functionality you need for your specific industry. This will help you streamline the compliance processes and recognize a faster ROI on your investment. Learn more about the features, functions, and benefits of an industry specific ERP system in the white paper below.