Benchmark report shows technology adoption precedes compliance improvement for regulated manufacturers
January 16, 2007 — /MasterControl Inc./ — A recent survey of more than 340 regulated manufacturers throughout the world shows that those adopting an integrated, technology-based approach to compliance and traceability are 65 percent more likely to achieve “Best in Class” status and attain a competitive advantage. The study titled “Compliance and Traceability in Regulated Industries: Benchmark Report,” was conducted by the Aberdeen Group and co-sponsored by MasterControl Inc.
“In almost every case we’ve examined, technology adoption precedes improved performance of compliance and traceability initiatives,” said Matthew Littlefield, a manufacturing research analyst at Aberdeen Group.
Among others, research results show that:
* 93 percent of manufacturers surveyed still relying on manual processes to manage compliance and traceability programs were unable to achieve “Best in Class” status.
* 73 percent of “Best in Class” manufacturers have integrated compliance and traceability solutions with other enterprise applications.
* Best-in-class companies are five times as likely to measure performance in real time than other manufacturers.
Aberdeen Group surveyed manufacturers in pharmaceutical, medical device, food and beverage, chemical, aerospace, automotive, and other industries. Survey participants included Pfizer, Roche, and Wyeth.
MasterControl Inc. has been at the forefront of providing innovative electronic quality management systems since 1993. Over 400 companies worldwide use MasterControl(tm) integrated quality management solutions to consistently meet FDA regulations, ISO standards, and other regulatory requirements. In addition to providing off-the-shelf products, MasterControl also offers comprehensive technical and customer support, including product training, installation, implementation, and validation services. For more information or additional white papers, visit www.mastercontrol.com.