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Instant GMP Compliance for Dietary Supplements - What is the price of Compliance?
The FDA calculated the cost of Good Manufacturing Practices (GMP) whenever they first drafted the Dietary Supplement Health and Education Act (DSHEA). Dietary supplement GMP regulations, located in the Federal Register, cover everything estimated costs, best fat burner bodybuilding (relevant webpage) relating to compliance, that a business will incur based on internet business size. The FDA estimated that altogether nutritional supplement companies would invest 56,000 hours as a one-time burden in creation of written procedures. Furthermore, 930,000 hours was estimated as the sum total for those businesses to do proper record keeping. The FDA then used the data to compute the economic impact for different sized companies.
Cost per Establishment by Size
Small Establishments (Less than twenty employees with annual revenue below $1M)
Little Establishments
Set up Costs = $26,000
Yearly Costs = $46,000
Moderate Establishments (20 - 500 staff with annual revenue of $5M - $10M)
Moderate Establishments
Set up Costs = $20,000
Yearly Costs = $184,000
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