Instant GMP Compliance for Dietary Supplements – What’s the cost of Compliance?
The FDA calculated the cost of Good Manufacturing Practices (GMP) if they first drafted the Dietary Supplement Health and Education Act (DSHEA). Dietary supplement GMP regulations, located in the Federal Register, cover everything estimated costs, testosterone booster best rated (straight from the source) relating to compliance, that a business would incur depending on business size. The FDA estimated that altogether dietary supplement manufacturers will spend 56,000 hours as a one-time burden of creation of written methods. Additionally, 930,000 hours was estimated as the sum total for all companies to conduct adequate record keeping. The FDA then used this data to compute the economic impact for different sized companies.
Cost per Establishment by Size
Little Establishments (Less than twenty employees with annual revenue under $1M)
Little Establishments
Set up Costs = $26,000
Yearly Costs = $46,000
Medium Establishments (20 – 500 workers with annual earnings of $5M – $10M)
Medium Establishments
Set up Costs = $20,000
Annual Costs = $184,000