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Industry Insider | | Considering Regulations As A Buyer
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Alexander Sterling

Considering Regulations As A Buyer

BY ALEXANDER STERLING

POSTED ON: MAY 7, 2022 / 9:21 AM EST / Industry Insider

In today's market climate, exercising caution as a buyer is crucial...

Particularly when selecting vendors. It's a common misconception that more certifications always signify better quality or reliability. However, basing vendor selection solely on the number of certifications they possess can be counterproductive and detrimental to your career.

Take ISO 13485, designed specifically for the medical device industry, as an example. When purchasing a complete medical device, ensuring the vendor holds ISO 13485 certification can be valuable—it demonstrates their commitment to quality and regulatory compliance. Yet, if you're procuring components or parts for integration into a medical device, mandating ISO 13485 certification for vendors might lead to unnecessary costs.

Maintaining flexibility in the supply chain is crucial in today's challenging market. Relying solely on vendors with multiple certifications can limit options, potentially leaving you with just one supplier. This lack of flexibility could expose your organization to risks if that sole vendor faces difficulties or unexpectedly closes. Remember, decisions like these can be easily traced back to you in today's traceable and evaluative world.

Avoiding unnecessary certifications, like ISO 13485, when they're not vital to your specific procurement needs allows you the freedom to select vendors based on broader criteria: their overall reliability, expertise, and adaptability to market conditions.

As a prudent buyer, understanding the value a certification brings to your specific purchasing requirements is crucial. While certifications hold merit, assuming that more certifications mean better products or services can be misleading.

When requiring a vendor to maintain a certification, ensure you comprehend precisely what you're asking of them. Reading and understanding the standard is crucial for informed discussions. Failing to do so could reflect poorly on you and jeopardize your standing as a buyer.

Instead, focus on your procurement's specific needs and select vendors based on their track record, reliability, and ability to meet your demands effectively.

In summary, exercising caution and thoughtfulness in vendor selection is key. Avoid assuming that more certifications always equal better quality. Assess the relevance of certifications like ISO 13485 based on your specific procurement needs and prioritize the flexibility and reliability of your supply chain. With a discerning approach, you can avoid unnecessary expenses, maintain a robust supply chain, and mitigate potential risks in an ever-evolving market.


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