Navigating the Data Maze: Driving Compliance Excellence with Better Data
In a world where technology constantly improves our products and services, there is no surprise when the changes result in updates to regulations across various industries. Whether the regulations focus on lowering emissions, driving sustainability, or increasing efficiency, staying compliant is a necessary protocol for all companies involved.
What is regulatory Compliance? ❓
Simply put, regulatory compliance is the process by which an organization adheres to relevant laws, regulations, guidelines, and specifications for its industry. Business leaders need to consider both local and federal laws and established industry standards in their decision-making and future planning to ensure that products and services remain compliant and adhere to guidelines put in place by a given industry vertical.
how does design for retrieval® help with Compliance?💡
One of the most integral features in our PIM, Design for Retrieval® (DFR), is the normalization of data formats. This allows your organization to ensure that your data meets your team's needs around industry standards, critical regulations, and other compliance best practices.
Changes in industry standards, such as the new Environmental Protection Agency (EPA) HVAC regulations banning the use of many hydrofluorocarbons in new air conditioners, require HVAC OEMs and distributors to have clear visibility into their engineered parts to see which items will be impacted. Using DFR, HVAC OEMs are able to manage their engineering and product data to:
- Easily ensure compliance with A2L
- Share their updated product data with key stakeholders such as distributors, dealers, and other downstream recipients
- Confidently communicate upcoming changes in data with their customers and key stakeholders
Other industry-standard examples include:
- Aviation: Regulatory changes via FAA and IASA that drive impacts on parts data, driving manufacturers and distributors to certify that service parts are "flight worthy" through the DER– a rigorous approval process coordinated by the FAA.
- Electronics and Appliance Manufacturers: Both RoHS (Restriction of Hazardous Substances) and REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) are significant regulatory frameworks that electronics manufacturers must adhere to when designing, producing, and selling their products in the European Union and in some cases, beyond, as these regulations influence global supply chain practices and standards.
✍️ Contact us today to discuss how to take control of your data landscape with a focus on identifying and managing relevant compliance data. With over 20 years of uniting engineering parts, service parts, and eCommerce data across organizations, our team is well equipped to help you on your compliance journey!