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What is the True Cost of Not Having an eQMS?

It is safe to assume that no organization that intends to stay in business sets out to manufacture or provide a low-quality product. This is particularly true for highly regulated companies. And yet switching from a manual Quality Management System (QMS) to an electronic one in order to improve product quality and ensure regulatory compliance remains low in most companies' list of priorities.

If your organization is considering developing a QMS or revamping your existing QMS, you have probably asked yourself this question: How much does a QMS cost? However, based on my experience working with highly regulated companies, the more appropriate question is: How much is the cost of not having an electronic QMS? In other words, can you afford the risk of a low quality product due to an inefficient or unsustainable QMS?

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