SAP SE has launched a new HANA-based cloud solution to help manufacturers better control product compliance by linking internal, supply chain and regulatory information.
With global product-related regulations only increasing in number and complexity, and manufacturers being required to provide more information to regulators, ensuring compliance is a growing challenge for manufacturers.
SAP Cloud for Product Stewardship can maintain, load and manage all compliance-related master data required for products, raw materials and substances. Combined with up-to-date regulatory content such as substance lists, the solution can link all information, check compliance and provide reports and analytics on status and any issues.
“Companies need to control product compliance risks along complex supply chains. They have to find smart ways to do it with the given resources so that compliance costs remain under control,” said Hans Thalbauer, senior vice president, Extended Supply Chain Solution Management, SAP. “Going cloud with the topic of product compliance makes it easier for our customers to respond promptly to regulatory changes and to disclose product compliance information within business networks.
During development, 28 SAP customers from consumer products and chemical companies in Europe and the US provided input on the solution and contributed to its design. One of these customers was Akzo Nobel N.V., and Lisbeth Svensson, senior content and development expert, Business Area Specialty Chemicals, said predictive assessment of regulatory demands is one of the advantages of the solution.
“Not only will it embed and automate product regulatory compliance in business processes such as R&D, purchasing, product stewardship and sales, it also makes compliance information easily available wherever needed.”