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Immediate GMP Compliance for Dietary Supplements - What is the cost of Compliance?
The FDA calculated the price tag of Good Manufacturing Practices (GMP) when they 1st drafted the Dietary Supplement Health and Education Act (DSHEA). Dietary supplement GMP regulations, located in the Federal Register, encompass all estimated expenses, relating to compliance, exipure reviews ingredients (Our Webpage) that an organization will incur based on business size. The FDA believed that altogether nutritional supplement makers will spend 56,000 hours as an one time burden of creation of written procedures. Additionally, 930,000 hours was estimated as the sum total for those companies to do proper record keeping. The FDA then used this data to compute the economic impact for various sized companies.
Cost per Establishment by Size
Little Establishments (Less than twenty employees with annual revenue under $1M)
Small Establishments
Set up Costs = $26,000
Annual Costs = $46,000
Moderate Establishments (20 - 500 workers with annual revenue of $5M - $10M)
Moderate Establishments
Set up Costs = $20,000
Yearly Costs = $184,000
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