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Reduce Risks:
Cost Burdens

Meeting product-specific legal requirements requires a considerable amount of effort from companies. Product requirements and applicable standards have to be researched and constantly updated.

Chemical tests on materials and components or the testing of electrical items or toys can easily cost a five-figure sum.
Creating technical documentation and checking suppliers' documents also requires human and therefore financial resources.

In our experience, with 1,000 products and 3 deliveries per year, a company would have to check more than 50,000 documents, not to mention the associated inspection and testing costs (which suppliers often want to pay extra for).

This can never be achieved with the available resources and is also not economically viable. If a serious document check takes 3 hours per product, you need two full-time employees who do nothing else for a year.

However, budgeting too little or nothing for legal compliance can have consequences that threaten your company's existence, from fines, sales bans and product recalls to potential prison sentences for managing directors or divisional managers.

The only way to achieve clever and cost-effective product compliance management is a risk-oriented approach and creative product range, product and supplier screening. Companies should ask themselves the following 8 questions:

  • How dangerous are my products and what damage could they cause (explosions, fire, electric shock, chemical risks, etc.)?
  • Which groups of people could be affected (children, senior citizens, people with disabilities)?
  • What quantities do I sell of which products?
  • Which products are made from the same materials and which products can I look at together?
  • Which products come from which suppliers?
  • Which suppliers can I rely on and which not?
  • Which products do authorities pay particular attention to?
  • What product compliance risk am I prepared to bear and what budget do I make available for this?

In our Product Compliance Process Consulting workshop, we discuss precisely these issues with you and show you ways in which you can quickly reduce your product compliance risk with limited time and financial outlay. Or you can save money by using us as your outsourced product compliance department.

Our references

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