Compliance as Part of Executive Quality Management Responsibilities
The smart executive understands that regulatory compliance is part of doing business in the competitive global market. It is an essential aspect of his or her executive quality management responsibilities.
For life science companies, it is not enough to invest vast sums of money in developing novel drugs, medical devices, and therapies. It is just as important to ensure that those innovative products are safe and compliant. Without the appropriate marketing authorization or approval from the appropriate regulatory body, even the most cutting-edge therapy will simply not see the light of day. If you are an executive in a regulated company, the question is: Have you made compliance part and parcel of your executive quality management responsibilities?
Reducing Costs as Part of Executive Quality Management Responsibilities
While generating profits is critical for any competitive organization, equally important is reducing costs and optimizing resources. For top executives of regulated companies, this includes reducing overall compliance costs and making cost reduction a part of their executive quality management purview.
An area that can easily drain precious compliance budget is quality management. Many companies that maintain paper-based quality processes think they are saving money by doing things manually. In fact, paper-based processes waste time and money because of manual errors, delays, and other inefficiencies that should be a consideration in senior management's executive quality management responsibilities.
Regulated companies, especially those that are competing globally, are increasingly switching from manual to electronic quality management system to remedy the most common inefficiencies in their daily operations. Executives realize that they can leverage technology for both efficiency and compliance.
How MasterControl Supports Executive Quality Management Goals
Accountability is key to any top executive's corporate role. For regulated companies, accountability expands to the area of quality and compliance, which is at the heart of product safety. MasterControl understands that cost and compliance are essential components of executive quality management goals.
For busy top executives, it is not just what they have to do, but what they don't have to do that counts. Here is MasterControl's "Do Not Do List" for top executives:
- Don't Waste Time: When you automate your manual processes using MasterControl quality and compliance software, you will increase overall efficiency, boost employee productivity, and save time. Efficiency is key to a timely product launch. Make efficiency an executive quality management priority for your company.
- Don't Waste Money: Instead of building your own quality system and risking a failed IT project, or spending on disparate software solutions, you can save money by investing in an integrated system like MasterControl, which consolidates all critical processes - document management, change control, CAPA, complaints, training, audit, and other processes - under a single web-based platform. The system is scalable and can accommodate company growth, making it a long-term investment. It is designed for use throughout the company, including geographically dispersed facilities, so you only need one system.
- Don't Waste Manpower: With MasterControl, you don't need a lot of people to perform quality and regulatory tasks because all of your processes will be automated and connected. You can redeploy talent to other areas for optimum productivity. You can increase your business and create more value by leveraging the team you have.
- Don't Risk Noncompliance: MasterControl provides a platform and a structure that makes compliance easier to manage on a daily basis, which in turn makes it easier to achieve your executive quality management goals. The result: peace of mind and confidence that your organization is always ready for an audit or regulatory inspection.
For More Information on Executive Quality Management and Our Software
To learn more about executive quality management and MasterControlâ€™s quality management software, please contact a MasterControl representative.