GLOBAL REGULATIONS
to avoid. Product lifecycle management (PLM) could be a life-saving element for a number of these organisations. In capturing end-to-end data from across
the entire product lifecycle, from ideation to transportation, cosmetics companies gain the important traceability and visibility they have been seeking. Instead of serving as a single point solution, a PLM platform is a suite of tools that can specifically cater to formula and process- based industries. Once this data is ingested as a single source
or truth, the company can introduce important efficiencies and governance. All processes, formulas, and product interaction - such as when, where, what, and who - are now documented and searchable. PLM platforms introduce important controls
and oversight, including accountability. Process owners can be quickly and easily identified, their action items accurately documented, and unresolved steps can be addressed. With this information, product status is never a mystery, optimisations can be embraced, but more importantly, loose threads are eliminated. Thanks to technology like the cloud, this
data is available to stakeholders throughout the organisation. Moreso, it can be accessed and shared from offices and plants located around the world.
This is the peace of mind and confidence
companies need to successfully operationalise a response. When new regulatory guidelines are introduced into a market, impacted products can be immediately highlighted. A good PLM platform is granular enough to identify which formulations contain the restricted ingredient and require remediation. Formulation tools inside the platform mean
R&D can immediately get to work on drafting up a new product. Once the new direction is confirmed, the formula can be assigned to
different lines, allowing the ingredient swap to be fast and manageable. Since the formula is preserved as a single
source of truth across the entire system, teams all work with the same information. Product labels will be accurate and compliant, important regulatory documents, including the SDS, and can be automatically authored and registered. Moreso, claims can be validated. With the
ability to trigger approvals across the product development lifecycle, process owners can verify that changes have, in fact, been made and are accurately represented. This degree of oversight and assurance reduces the operational burden related to authenticating formula updates. Important business data that was once
scattered and hidden across the company can now be leveraged in an organised way. Instead of relying on one person to have all the important product information, companies can lean on technology to serve as that record.
Conclusion The increasingly global nature of the cosmetics industry means that companies have offices and plants in multiple countries, are serving a variety of markets, and need to be in adherence with a wide breadth of regulatory bodies. Having a reliable product lifecycle
management platform in place as a single source of truth gives you the peace of mind needed to stay agile. Fast, secure, and accurate holistic information empowers companies to make these decisions with confidence. This is how the disruptions created by changes in regulation can be easily managed. Yet there is another conclusion here—
product development is driven by a variety of trends, not just compliance. Companies who embrace connected technology can respond faster, even leading the pack with faster time to market.
27
PC
www.personalcaremagazine.com
July 2022 PERSONAL CARE
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