|Planned EQMS adoption rates are accelerating |
as the tech matures. What are key drivers
behind this growth?
by David R. Butcher, Marketing Communications, MasterControl
In response to increased pressure to simultaneously meet compliance, mitigate risks and improve cost savings, a growing number of organizations are taking steps to transform their quality management by adopting enterprise quality management software (EQMS). Research indicates that approximately 40 percent of companies are currently planning to implement an EQMS solution. What are the key drivers behind the rising number of companies moving toward EQMS adoption?
In recent years, technological advancements in process automation and enterprise-wide software such as EQMS have enabled regulated companies to make their quality management improvements more strategic and more sustainable. Today, increasingly more organizations are beginning to better understand how EQMS can facilitate centralized, standardized and streamlined end-to-end business processes and quality data.
As EQMS continues to mature, adoption rates also continue to accelerate.
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Based on data collected from more than 1,000 quality management leaders, LNS Research, a provider of advisory and benchmarking services, estimates that 21 percent of companies currently have an EQMS solution implemented in 2014.
“But what’s more interesting, and seems to have only been accelerating over the past decade, is that 40 percent of organizations reported currently being in the planning stages of an EQMS adoption,” the advisory firm stated in recent commentary, titled Why More Organizations are Planning to Adopt EQMS.
What are the drivers behind the rising number of companies in the planning stages of EQMS implementation? According to the LNS Research commentary, possible key drivers are as follows:
- Increased Affordability – Advancements in cloud-based technology have made it more practical for companies of all sizes, and with limited quality budgets, to extend the benefits of robust, scalable EQMS functionality across their organization.
- Solutions Modularity – The modularity of many current quality solutions accords organizations the flexibility and manageability of implementing an enterprise-wide CAPA solution, for example, and other additional modules later.
- More Options – A wider set of solutions providers, including PLM and ERP vendors, are offering deeper quality management functionality to meet user needs, providing “opportunities for companies that may not have invested in quality functionality to do so,” LNS Research explains.
David Butcher has been writing about business and technology trends in the industrial B2B space for more than a decade. Currently a marketing communications specialist at MasterControl, he previously served as editor of ThomasNet News’ Industry Market Trends newsletter and blog and as assistant editor for Technology Marketing Corp.’s Customer Interaction Solutions magazine. He holds a bachelor’s degree in journalism from the State University of New York, Purchase.