LS: Quality Management
Ajay Singh
Life Science IT | Enabling Digital Transformation | Ex Abbott & Piramal | IIM Indore
Why the Successful Companies Will Move Away from Outdated QMS
The most successful companies will ditch the manual systems of the past where things were done on Excel sheets or, worse, paper, and choose to digitize their supply chains. The easiest way to make that transition is through a comprehensive cloud-based and/or on-premise quality management system.
A digitized, fully connected supply chain where everyone is on the same page is the best way to ensure stronger collaboration. It also empowers a business to maintain control over supply chain partners and vendors to retain quality standards. If there is a problem, users can identify it more quickly and correct it before the product reaches market.
Finally, digitization allows companies to respond better to customer demands, market changes, and the loads of data received through stronger visibility and transparency. Many industry experts argued that digitization enhanced a supply chain's agility and allowed it to scale up and down as circumstances require and do so more rapidly without affecting product quality.
The goal of the fully digital, connected supply chain is to create one holistic network within and outside of the company that mitigates risk and instead enhances efficiency and, ultimately, value. This can often be achieved by implementing a best-in-class quality management system.