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  • Frost Radar—Quality Management Systems
    A benchmarking system to spark companies to action—innovation that fuels new deal flow and growth pipelines

    Overview

    The quality management system sector is growing fast. Regulatory compliance is one of the key drivers for the implementation of a quality management system, especially as frequently changing geopolitical situations make it harder for companies to effectively act in accordance with requirements worldwide. Drug manufacturers, for example, must manage the complexities of products, services, and suppliers; innovate quickly; and factor in rising costs to improve patient experience and outcomes. The cost of non-compliance is high and could result in warning letters, recalls, and operational inefficiencies.

    • Even small to mid-size businesses understand the value of a quality management system to remain competitive and are setting aside realistic budgets.

    • Full-suite quality management system projects in which customers deploy multiple solutions at one time is now common.

    • Customers also look for seamless integration of a quality management system with other business systems that are already in place, such as enterprise resource planning, customer relationship management, and laboratory information management, to provide data consistency across departments and allow for easy collaboration.

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