Writing for Logistics Viewpoints, Steve banker poses an interesting point based on a common assertion among supply chain professionals. Here’s how he puts it: Supply chain managers often bemoan increasing regulation, and how new regulations or overly stringent oversight increases supply chain costs and makes their day-to-day jobs more complex.
Sound familiar? But is it true? Perhaps in the short run, but if you take a minute to read Mr. Banker’s brief viewpoint, you’re apt to see the significant benefits of regulation and oversight in the long run. He doesn’t use the FDA and impending Unique Device Identification (UDI) mandates in his examples. He focuses on some horrific oil spills and hazardous chemical transport disasters. But you can make the translation to UDI, patient safety, and healthcare supply chain efficiency pretty easily. In fact, you’re apt to reach the same conclusion he does:
Clearly, regulations serve a useful purpose in many cases. From a supply chain perspective, good regulation and oversight can help supply chains run smoother, but only if they are enforced.
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You can view his article here.