Assess Marketability of a Product (31H)

For a certain country and business process, the result of the marketability assessment for a product describes if a business process for a country is allowed, allowed with restrictions, or not allowed.

To start the assessment process, the Product Steward Specialist assigns markets (combination of country and business process) to the product. Based on these markets, the user determines the compliance purposes that cover the relevant countries and business processes (for example, selling an industrial chemical within an EU country).

Key Process Steps Covered

Flag products as relevant for a marketability assessment
Determine and assign markets to your products
Derive relevant compliance purposes from the assigned markets for your products
Automatically calculate compliance requirement results
Process and release compliance requirement results
Use compliance requirement results as input for the marketability assessment
Assess business processes for your product in specific countries as allowed, allowed with restrictions, and not allowed

Benefits

Integrate the marketability assessment of a product with the process of creating and changing products
Integrate the marketability assessment of a product with your logistic processes
Combine automatically calculated compliance requirement results with expert judgment for the marketability assessment of a product
Use compliance requirements out-of-the-box for chemical compliance regulations in many different countries and regions
Manage the impact of changing and evolving regulatory requirements on the marketability of your products efficiently