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Online Platform Debuts for Retail Compliance with Consumer Safety Document Requirements
National Association of Chain Drug Stores teams with RollStream on Certificate Exchange Network to reduce cost, improve efficiency of compliance efforts while reducing supply chain risks
Brian Kilcourse of Retail Systems Research discusses the latest applications and trends that can help retailers improve the customer experience, in this video posted April 15, 2009, by Cisco Systems.
Alexandria, VA — December 9, 2009 — The National Association of Chain Drug Stores (NACDS) is joining forced with enterprise community management solution provider RollStream to deliver the Consumer Product Safety Improvement Act (CPSIA) Certificate Exchange Network (CEN), aimed at providing retailers, manufacturers and distributors a single, online platform to exchange certificates of conformity to demonstrate CPSIA of 2008 compliance by February 2010.
The CPSIA of 2008 imposes new document sharing requirements regarding product safety testing certificates on certain consumer products. While the law mostly impacts products intended for children 12 years of age or younger, it also affects any product subject to regulations set forth by the Consumer Product Safety Commission (CPSC).
All affected products must be accompanied by certificates of conformance, either in paper or electronic form stating that the product has been tested and meets appropriate standards. These certificates must accompany the product as they are distributed from the manufacturer to retailers and/or distributors.
The CEN will enable manufacturers to directly post certificates to the online platform or provide a link to existing certificates of conformity that a manufacturer may store electronically elsewhere. With a browser interface, retailers can then securely download on demand any product certificate needed to demonstrate CPSIA compliance.
By providing a single location for the exchange of information, the CEN will help organizations boost efficiency and effectiveness of compliance efforts, reduce risks and minimize costs, RollStream said.
"Retailers and manufactures rely on NACDS to promote the best practices that allow them to run their businesses effectively," said Kristin Muhlner, CEO of RollStream. "We are thrilled to help deliver a solution that enables the industry to reduce the risks and minimize the costs associated with compliance."
"The Certificate Exchange Network will provide transparency for retailers and suppliers, enabling them to access certifications for consumer products," said Steven C. Anderson, IOM, CAE, NACDS president and CEO. "We are pleased to work with RollStream to begin the process of delivering this important resource for our members to help them achieve compliance with CPSIA."
The National Association of Chain Drug Stores represents 154 traditional drug stores, supermarkets, and mass merchants with pharmacies, from regional chains with four stores to national companies. NACDS members also include more than 900 pharmacy and front-end suppliers, and over 70 international members from 24 countries.
Chains operate 37,000 pharmacies, and employ more than 2.5 million employees, including 118,000 full-time pharmacists. They fill more than 2.5 billion prescriptions annually, which is more than 72 percent of annual prescriptions in the United States.
In addition, the total economic impact of all retail stores with pharmacies transcends their $815 billion in annual sales. Every $1 spent in these stores creates a ripple effect of $3.82 in other industries, for a total economic impact of $3.11 trillion, equal to 26 percent of GDP, according to NACDS.
The CPSIA of 2008 imposes new document sharing requirements regarding product safety testing certificates on certain consumer products. While the law mostly impacts products intended for children 12 years of age or younger, it also affects any product subject to regulations set forth by the Consumer Product Safety Commission (CPSC).
All affected products must be accompanied by certificates of conformance, either in paper or electronic form stating that the product has been tested and meets appropriate standards. These certificates must accompany the product as they are distributed from the manufacturer to retailers and/or distributors.
The CEN will enable manufacturers to directly post certificates to the online platform or provide a link to existing certificates of conformity that a manufacturer may store electronically elsewhere. With a browser interface, retailers can then securely download on demand any product certificate needed to demonstrate CPSIA compliance.
By providing a single location for the exchange of information, the CEN will help organizations boost efficiency and effectiveness of compliance efforts, reduce risks and minimize costs, RollStream said.
"Retailers and manufactures rely on NACDS to promote the best practices that allow them to run their businesses effectively," said Kristin Muhlner, CEO of RollStream. "We are thrilled to help deliver a solution that enables the industry to reduce the risks and minimize the costs associated with compliance."
"The Certificate Exchange Network will provide transparency for retailers and suppliers, enabling them to access certifications for consumer products," said Steven C. Anderson, IOM, CAE, NACDS president and CEO. "We are pleased to work with RollStream to begin the process of delivering this important resource for our members to help them achieve compliance with CPSIA."
The National Association of Chain Drug Stores represents 154 traditional drug stores, supermarkets, and mass merchants with pharmacies, from regional chains with four stores to national companies. NACDS members also include more than 900 pharmacy and front-end suppliers, and over 70 international members from 24 countries.
Chains operate 37,000 pharmacies, and employ more than 2.5 million employees, including 118,000 full-time pharmacists. They fill more than 2.5 billion prescriptions annually, which is more than 72 percent of annual prescriptions in the United States.
In addition, the total economic impact of all retail stores with pharmacies transcends their $815 billion in annual sales. Every $1 spent in these stores creates a ripple effect of $3.82 in other industries, for a total economic impact of $3.11 trillion, equal to 26 percent of GDP, according to NACDS.
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