Assess and continuously monitor quality and safety in your supply chain
GxP (Good [Industry] Practice) refers to a collection of quality guidelines and regulations created to ensure that products in industries such as pharmaceuticals, medical devices, and food production meet established good practices. Common types of GxP include:
The Prevalent Third-Party Risk Management Platform combines regulatory-specific assessments with continuous monitoring of supplier risks to address multiple GxP regulatory requirements throughout the supplier lifecycle
Ensure the integrity, safety and quality of products
Mitigate the risks of costs and corrective actions
Ensures transparency and accountability throughout the supply chain
Promote ethical practices in the development, manufacturing, testing, and distribution of products
With the Prevalent TPRM Platform, you can conduct thorough third-party due diligence to ensure potential vendors and suppliers have the necessary qualifications and history of GxP compliance. Build a central supplier profile that includes demographic information, ESG scores, business and reputational insights, sanctions and compliance history, data breach history, and financial performance to inform risk-based supplier selection decisions.
Use the Prevalent Platform to profile and tier all onboarded suppliers to understand their criticality to operations. Use the results of the inherent risk assessment to guide decisions on conducing further due diligence.
Leverage Prevalent to establish clear third-party supplier contracts that specify GxP compliance requirements, right-to-audit, and expectations, including clauses that outline consequences for non-compliance.
Assess third-party supplier quality and safety practices against specific government regulations or industry frameworks using the library of more than 750 assessment templates available in the Prevalent Platform. Use built-in remediation guidance to recommend risk mitigations to suppliers.
The Prevalent Platform enables you to continuously monitor supplier cyber breaches, operational updates, reputational concerns, and financial news, while performing routine audits to assess third-party adherence to GxP standards.
With Prevalent, you can establish and measure key performance indicators and key risk indicators, while establishing a cadence of feedback with suppliers that are out of compliance with GxP standards.
Implement systems for continuous monitoring and timely reporting of any GxP-related issues post-contract with Prevalent while warranties or other agreements may still be in place.
We are looking to build out a single pane of glass view for risk. We’re planning to utilize Prevalent to consolidate as many of our vendor tasks into one tool, because I don’t think there is anything else out there that can do that.
— Cybersecurity Manager, Enterprise Pharmaceutical Organization
Reveal TPRM requirements in 13 regulations and gain best practices for simplifying compliance.
Enhance your supply chain resilience with our comprehensive guide on Supply Chain Risk Management (SCRM). Download...
Use these guidelines to assess and monitor safety and quality requirements in your supply chain.