Best Practices For Product Stewardship
Yaowen Ma
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Executive Summary
This report provides directors of product stewardship, product compliance and materials traceability with an independent analysis of the best practices associated with chemicals, materials, ingredients and manufactured components transparency throughout the supply chain necessary for regulatory compliance and voluntary stewardship. Based on interviews with EHS and product compliance managers as well as with experts at product stewardship software and services firms, the report provides a best practice framework for the strengthening of cross-functional governance, product data management capabilities and technology-enabled workflows necessary to meet business objectives and reduce regulatory compliance risks. Verdantix analysis finds that there are ten key practices among firms that exhibit best practices across chemicals compliance, manufactured components compliance and sustainable product design.Best Practices For Product Stewardship
Complex Product Stewardship Pressures Cause An Organizational Headache For Firms
Diverse Regulatory And Market Drivers Put Pressure On Firms’ Product Stewardship Capabilities
Organizational Strategies To Deal With Product Stewardship Come Up Short
Firms With Product Stewardship Challenges Have Under-Invested In Technology Solutions
Successful Product Stewardship Requires A New Approach To Governance, Data And Tech-Enabled Workflow
Mapping Product Stewardship Responsibilities Is The Starting Point To Drive Cost Savings And Achieve Process Excellence
The Priority For Chemical Compliance Is Leveraging Innovative Technologies To Close The Loop On Chemical Inventories
Firms Should Aim For A Holistic Product Compliance System For Parts And Materials
Product Sustainability Data Needs To Integrate With Product Design And Compliance Data
Best Practices For Product Stewardship Emerge Across Chemicals, Manufactured Components And Sustainable Design
Chemical Compliance Best Practices Demonstrate The Most Maturity
Manufactured Components Compliance Best Practices Begin To Emerge
Sustainable Product Design Best Practices Exist In A Handful Of Visionary Firms
Figure 2. The Three Elements Of Product Stewardship
Figure 3. The New Framework For Product Stewardship Combines Governance, Product Data and Workflow
Figure 4. Reference Architecture For Product Stewardship
About the Author
Yaowen Ma
Principal Analyst
Yaowen is a Principal Analyst at Verdantix conducting research on EHS and ESG information management. His current agenda focuses on digital technologies, best practices and gr...