Assessing the Marketability of a Product

Objective

After completing this lesson, you will be able to assess the Marketability of a Product.

Assess the Marketability of a Product

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

To start the assessment process, the Product Stewardship Specialist assigns markets (combination of country/region and business process) to the product. Based on these markets, the compliance purposes that cover the relevant countries/regions and business processes are assigned.

For compliance requirements, related to supply chain due diligence acts, the Product Stewardship Specialist identifies which products require compliance declarations from suppliers. The Master Data Specialist for product compliance provides these missing declarations and sets the compliance status of each supplier against each relevant compliance requirement. The Product Stewardship Specialist views the results in marketability assessments of the products.

Applicable Process Steps

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

The benefits of the Assess the marketability of a Product are:

Integrate the market assessment of a product with the process of creating and changing products
Integrate the market assessment of a product with your logistics processes
Combine automatically calculated marketability status with expert judgment for the market 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 and the compliance of your suppliers efficiently

Note

This process flow is covered in Scope Item: 31H- Assess the Marketability of a Product.

How to assess the Marketability of a Product

Introduction

The result of the market assessment for a product describes whether a business process for a country/region is allowed, allowed with restrictions, or not allowed.

Task 1: Create Product Master Records and set them as Compliance Relevant

In preparation for this scenario, Master Data Specialist Andrea creates two new semi finished products. Although working with a template, Andrea checks in both products that they are marked as compliant relevant.

Note

Both materials will later be connected to separate unpackaged products, will get different raw materials and suppliers, and also different compliance purposes.

Task 2: Create Supplier Master Records

For the upcoming scenario, Master Data specialist Carol creates two suppliers. Later, these suppliers are assigned to two raw materials.

Task 3: Create Compliance Purposes

Otto, Product Stewardship Specialist for Product Compliance, creates two compliance purposes that he later assigns to the unpackaged products. One purpose is for EU-REACH, one for US-Dodd-Frank-Act.

Task 4: Create Company Substance

Otto now creates a company substance. This substance will later be assigned as an analytical composition to the first unpackaged product. The second unpacked product will be connected to raw materials.

Task 5: Create Unpackaged Products, Link to Product Master Records, and Assign Compliance Purpose

Now the main process starts.

Product Stewardship Specialist Otto creates two unpackaged products. These are now connected to two product master data, created before.

Only for the first unpackaged product, the EU-REACH compliance purpose is now assigned.

In a later procedure Otto assigns the relevant compliance purpose to the second unpackaged product.

Task 6: Create Raw Materials with Suppliers and approve them

Otto creates two raw materials for the second unpackaged product. These materials are later used in the before-production composition.

Finally he assigns and approves the suppliers.

Task 7: Create Material-Based Composition

Otto opens the second unpackaged product. The before-production material based composition contains the two created raw materials. Otto also defines the materials and their concentration inside after-production material based composition.

Task 8: Process Compliance Disclosure for Supplier

Otto also received a compliance disclosure from the supplier in the form of a self-assessment. He assigns the relevant compliance requirement version to the supplier.

Based on this data he also assesses the compliance of the supplier with the relevant supply chain due diligence act.

Task 09: Create Analytical Composition

The analytical composition, created before, provides the chemical analysis of the unpackaged product. In this case, the first unpackaged product consists of only one substance, m-xylene. Otto creates and releases the analytical composition.

Task 10: Open Marketability Assessment and Initiate Substance Assessment

The first product is not compliant with the compliance requirement, and the substance requires further assessment.

Task 11: Assess Marketability Requirement for Substance as Compliant

The company substance, assigned to the first unpackaged product, requires further assessment to ensure that the product is compliant with the assigned compliance requirement. Otto carries out the marketability assessment for the substance.

Task 12: Assess Markets for a Product as Allowed

Product Stewardship Specialist Otto proactively assesses the product for a relevant market. The result of the market assessment is used as basis for the chemical compliance checks within the logistical processes.

Inside the first unpackaged Product the marketability and the supplier status are checked.

Task 13: Assign Compliance Purpose to unpackaged Product

The second unpackaged product must meet the compliance requirements related to supply chain due diligence acts. In a further task the first unpackaged product was created and directly connected to one of the compliance purposes.

Task 14: Open Marketability Assessment and Check Compliance Declarations

The system has checked the product structure of the second unpackaged product and identified the suppliers of the raw materials in the before-production material-based composition.

The system identifies for which suppliers a compliance declaration already exists and for which suppliers it is missing.

Task 15: Analyze Target State and Current State of Compliance Disclosures for Suppliers

Otto has to verify, that the status of Supplier 1 and 2 for the compliance requirement version "US Dodd-Frank Act" bases on the existing supplier compliance disclosures. He analyzes the current and target state of compliance disclosures for these suppliers.

Task 16: Process Required Disclosure for a Supplier

After verifying that a compliance declaration is required for Supplier 2 for US Dodd-Frank Act, Otto contacts the supplier and received a compliance disclosure in the form of a self-assessment.

Based on this data, he assesses the compliance of the supplier with the relevant supply chain due diligence act.

Task 17: Check Marketability of Raw Materials

Otto has provided the required compliance declaration and set it to compliant, in addition to the existing compliance declaration. Now he checks that the marketability status of the raw materials, connected to the second unpackaged product, has been set accordingly.

Task 18: Open Marketability Assessment and Check Compliance Declarations

Otto provided the missing compliance declaration and checked the marketability assessments of both affected raw materials.

Finally he opens the marketability assessment for the product. He verifies that the second unpackaged product is now compliant with the US Dodd-Frank Act.

Summary

After completing this lesson, you are able to:

name the benefits of ensuring Marketability of a Product
understand the necessary process
work with Products, Raw Materials, unpackaged Products or Suppliers
assess a Marketability
work with Compliance purposes
check Marketabilities

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