Factored Quality

If you ask any consumer VC, they’ll tell you “retention” is one of the most important metrics in 2023. Yet many DTC brands overlook the most important lever for retention: consistent product quality. With global manufacturing becoming the norm, ensuring consistent product quality may feel impossible. This is why we created Factored Quality – and why top DTC brands like Canopy are using our platform. We talked to Michael De Santis, one of Canopy’s founding team members, about how they de-risked their global supply chain. Here’s what you’ll learn: - How Canopy saved over $70K in rework and shipping costs Why avoiding quality issues helped Canopy reduced returns by 17% How Canopy cut their defect rates to less than 5% - De-risking your supply chain can feel incredibly daunting – but ignoring product quality could break your business. - Learn more about how Factored Quality created a single source of truth for Canopy’s global supply chain – and saved them thousands in the process. #manufacturing #supplychain #quality #shipping #team https://lnkd.in/eQtwwYVG

Check out the newest edition of The FQ Focus! 🚀 This month, we dive into the top trends shaping manufacturing and supply chains for 2024—covering everything from technology and sustainability to supply chain resilience. In this issue, we explore: 📊 How manufacturers are leveraging AI, automation, and sustainability initiatives to stay competitive 🚚 Strategies for building resilient supply chains in the face of disruptions 🛠 Updates on Factored Quality's platform enhancements designed to improve your quality control processes Don’t miss out—subscribe below to stay ahead of the trends and get expert insights on all things quality and compliance: https://lnkd.in/gAKm9-Uv

The ultimate key to solid consumer trust and bulletproof brand reputation? Product testing. This practice helps you easily maintain internal benchmarks, minimize product recalls, and streamline regulatory approval processes — ensuring your brand stands out for reliability and excellence. Here’s Factored Quality’s 5 easy steps to effectively navigate product testing and compliance: 1) Detail every aspect of your product specs for consistency in production and testing. 2) Vet your manufacturers for quality. 3) Factor geography into where you perform tests to cut down on time and costs. 4) Regularly test your product for continuous improvement. 5) Partner with Factored Quality to optimize product success and meet all regulatory requirements. Take a deep dive into our comprehensive guide to product testing here: https://lnkd.in/dudmSG27

Compliance isn’t just a legal requirement; it’s an investment in your brand’s safety, trust, and longevity. From guaranteeing your product’s quality to, most importantly, keeping your customers safe, compliance testing is a must for any DTC brand — regardless of your industry. Here’s a glimpse of what your brand gets with Factored Quality’s comprehensive compliance solution: - Access to FQ’s network of 2,000+ vetted product inspectors and auditors worldwide. - Centralized all inspection data, reports, and analytics for easy access and management. - Expert guidance in product quality and supply chain compliance for market expansion, backed by decades of experience. Dive into our industry-agnostic guide to compliance testing for consumer brands for more: https://lnkd.in/dWeefWE9

Excited to drop the latest edition of "The FQ Focus" — your go-to newsletter for industry trends shaping the future of procurement and all things quality control. 🚀 📈 ⚒ In this issue, we’re covering: - The total guide to EU product compliance for European market expansion - How to effectively structure product recalls in 8 steps - KPMG’s 2024 supply chain trends Plus, we spotlight Jenson Tuomi, our Manager of Enterprise Sales, Account Management, and Partnerships, and how his team brings value to your supply chain operations. Subscribe to our latest issue below and be the first to read next month’s issue: https://lnkd.in/gAKm9-Uv

Meet Jenson Tuomi, our Manager of Enterprise Sales, Account Management, and Partnerships. Jenson is a master at relationship management. He brings exceptional insight and unparalleled dedication to Factored Quality’s clients and operations. With a background in private equity and CPG consulting, he brings a strategic edge in: - Mitigating Risks: Tackling high-stakes challenges in the CPG sector. - Building Relationships: Forging valuable partnerships and connections. - Scaling Solutions: Delivering strategic, scalable solutions for complex supply chain needs. Learn more about how Jenson and his team can bring value to your supply chain operations: https://lnkd.in/dE4rFh95

Product recalls are a major headache for any brand. But with the right strategies, you can effectively manage them and minimize their impact on your reputation and finances. From food and beverage brands dealing with contamination to consumer products facing material hazards, brands must set a bulletproof plan to mitigate risks and prevent future defects. Here’s how Factored Quality recommends you manage a product recall (8 steps): 1) Identify and confirm the defect 2) Determine proper reporting requirements 3) Investigate which products were impacted 4) Communicate the recall to your customers 5) Adjust your supply chain to eliminate future risks 6) Re-test products with additional Corrective and Preventative Actions (CAPA) 7) Start planning for product reintroduction 8) Audit recall data Take a deep dive into our comprehensive guide here: https://lnkd.in/deJn5dn7

Keeping up with evolving regulatory environments is challenging — especially for consumer goods brands. However, for brands expanding into the European market, familiarizing yourself with key regulations is necessary to ensure compliance and avoid legal pitfalls. Here’s how Factored Quality can help you navigate these complexities and lay the foundation for successful international expansion: - We continuously monitor for legal updates and amendments, ensuring your products always meet the latest compliance standards. - Our Compliance Gap Analysis tool helps identify and remedy compliance shortcomings while highlighting industry-specific laws to be wary of. - We consolidate all compliance information — from inspection results to compliance reports — in the FQ platform for your brand to reference. Dive into our in-depth guide to EU product compliance laws for more: https://lnkd.in/dhy52dbU

Investing in trusted QC tools and experts ensures your products exceed both industry and customer quality expectations. There are many useful tools on the market, but these four solutions form a strong foundation to build upon: 1) QC inspection software Simply QC by allowing inspectors to schedule inspections, access checklists, and file reports. 2) QC inspector Ensure consistent quality by choosing a trusted QC inspector with certifications from recognized bodies like ISO or industry-specific organizations. 3) QC checklist Guide inspectors through predetermined steps and ensure consistent quality by using a comprehensive QC checklist. 4) Expert partners for your entire supply chain Maintain excellence while focusing on other business areas, such as product development and customer experience, by partnering with top inspectors and labs. Dive into our in-depth guide to quality control inspections: https://lnkd.in/ez6C9Sqz

Thrilled to unveil the latest edition of "The FQ Focus," your essential newsletter for all things quality control and industry trends shaping the future of procurement. 🔍 In this issue, we dive into: - Prince Ghosh's recent feature on “The Future of Supply Chain: a Dynamo Podcast”  - How cosmetic brands can maintain regulatory compliance with FQ - Our platform’s two powerful new features: Document Manager & Checklist Builder Plus, we shared our free, ready-to-use Supplier SLA/MSA Template for scaling consumer brands, operations leaders, and product teams. Subscribe to our latest issue below and be the first to read next month’s issue: https://lnkd.in/gAKm9-Uv