5 reasons for using a digital platform for your consumer products inspection
When it comes to sourcing, data is the lifeblood of cost-effective buying decisions. Data can empower your sourcing management and execution in various dimensions, boosting competitiveness, raising productivity and improving collaboration, while lowering costs.
However, data is nothing without the right tools to help leverage insights and implement actionable and measurable responses to the intangible components of your business.
This is where a robust digital platform can be critical. Using a digital platform for your consumer products inspections can help you manage your supply chain and mitigate potential risks. Here are five reasons why:
Performance benchmarking
Supplier performance can directly affect the quality of your supply chain and your final products, therefore tracking the efficiency of suppliers is important. Using a digital inspection platform allows you to easily compare the capabilities and performance of new suppliers with your current suppliers.
This can be contrasted with industry norms to allow you to assess and appraise your supplier performance and identify and strengthen areas of potential weakness.
Risk and compliance management
Your company’s supply chain can present considerable risks, from product design non-compliance to product non-conformity, measurement and packaging defects.
Using a digital inspection platform for your sourcing management can help you understand suppliers’ performance and capabilities to better predict potential risks that could arise and help prevent issues from occurring.
Identification of cost drivers
Having a quality control platform that gives you complete oversight of your inspection data intelligence enables you to review suppliers’ performance and formulate different approaches to best meet sourcing goals.
Being able to easily identify bottlenecks and occasional lapses in meeting your quality requirements also means that issues can quickly be discussed and resolved with suppliers, forging stronger and more cost-effective relationships.
Simplifying supply chain management
Inspection data analytics allow your team and management to make better-informed decisions and improve stakeholder relationships in your supply chain.
A digital platform for inspections also affords your business the opportunity to yield risk-based quantitative performance analysis which can simplify your supply chain management process.
Supplier onboarding
Supplier onboarding is, naturally, a crucial aspect of sourcing management. Using a digital platform makes onboarding your suppliers easy and efficient, meaning your projects can be kickstarted seamlessly.
It also allows for easy analysis of data and key metrics after each season, providing an additional tool for negotiating with suppliers come the next season.
A powerful digital tool for the consumer products industry
Eurofins Assurance OnLine (EAOL) is a powerful, easy-to-use inspection platform that can help you streamline and optimise the sourcing process for your consumer products.
The platform can be highly customised to your inspection programme, from product category to the supplier list and failure criteria and is configurable with the latest digital solutions on the market. Customisation yields more precise data intelligence for your business.
With EAOL, multiple levels of data allow you to not only see whether an inspection has passed or failed but also what the most common defects are. Figures can be correlated by product type, region and raw materials among other criteria. This can then be fed back into your product development department, making EAOL a high-value tool for your entire production process.
For more information and to get started with using the platform, get in touch today at productassurance@eurofins.com.
