OpenSurge

OpenSurge

Business Critical: Developing a Standards Management Strategy to Avoid Disruption in Your Global Supply Chain

Global markets and supply chains have introduced an array of new opportunities, and new threats. Material shortages, component obsolescence, counterfeit electronics, environmental regulations (such as REACH and RoHS), cyber security attacks, and emerging technologies are all business critical issues. The need for information on these issues has never been higher, and much of it resides in an ever growing collection of standards and specifications. More and more, these standards are being published outside of a company's walls – by literally hundreds of Standards Developing Organizations (SDO's) including International, Regional, National, Local, Corporate, Government and Military sources, associations and organizations.

Greater Risk, Greater Reward. But as the sheer number and complexity of these standards increase, so does the risk of not managing them effectively throughout the supply chain. The influx of environmental regulations is blurring the lines between standards and regulations when dealing with issues like RoHS and REACH. Meanwhile, codes, standards, technical specifications, recommended guidelines and data reporting requirements also have a significant impact on a company's operations and supply chain. Companies may use thousands of standards to design and manufacture their products, ensure quality, minimize environmental impact, improve worker safety, and communicate with supply chain partners. Those who don't manage these standards effectively face costly supply chain disruptions, redesigns, quality issues, fines, and penalties.

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