Three Industries With High Quality Assurance Standards
Hello friends, I hope you all are doing great. In today’s tutorial, we are going to discuss Three Industries With High Quality Assurance Standards. If someone asked you to bet $1 million on which industries had the highest quality assurance standards, the smart money would bet on the industries that are most heavily-regulated.
How do you know if an industry is heavily-regulated? See if there’s a government bureau named after that industry. Another good indication is if lives and public health hinge on the industry doing its job correctly.
Or, just work in a heavily-regulated industry. You won’t be able to walk from point A to point B without quality assurance implications. Successful enterprises in heavily-regulated industries approach “quality standards” in three tiers:
Quality Assurance (QA): The high-level proof submitted to the public, and—more importantly—regulators that your products are of sufficient quality.
Quality Management System (QMS): A series of processes that delivers quality assurance by implementing quality control .
Quality Control (QC): The “boots-on-the-ground” act of rooting out and eliminating problems that might hinder quality production.
Most heavily-regulated industries have established, often international quality assurance standards to meet, as well as time-tested quality management systems to implement quality control. Here are three industries with high quality assurance standards.
Pharmaceutical Industry
The pharmaceutical industry is heavily-regulated for good reason. Governments have a public trust to make sure products they consume are safe and do what they are supposed to do. A faulty drug formulation could hurt or kill consumers or contribute to a public health crisis rather than alleviate it, with lawsuits following close behind .
The key regulatory agency for pharmaceuticals in the US is the FDA (Food and Drug Administration). Pharma companies typically must comply with multiple sections of FDA 21 CFR (Title 21 of the Code of Federal Regulations).
Pharmaceutical quality assurance focuses on:
Public Safety: Medications can change someone’s life for the better or cause serious harm. Quality controls to protect public safety include strict attention to document control, employee training, laboratory OOS, corrective and preventive action (CAPA), internal audits, and managerial review.
Professional and Consumer Confidence: Edelman’s 2019 Trust Barometer rated the public trust in the pharma industry at 57%, worse than any other healthcare vertical. Robust attention to quality assurance is necessary now more than ever to regain consumer and professional confidence.
Production Efficiency: Production efficiency allows safe products to be produced at a lower cost, increasing profits and fostering affordability severely lacking in the industry. Companies can improve...
