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Timeline Digital Product Passport
Revolutionize product management with Timeline's Digital Product Passport for seamless connectivity and unparalleled transparency.
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Transforming Product Dynamics
Strategic Imperative
Acting now creates a window of opportunity for companies to mitigate the impact of issues and reduce future risks
4 key actions for companies on how to get started
Participation in the development of DPP regulations and standards.
Action 1
Assess current product data availability, identify gaps, and gather missing information
Action 2
Inform and involve all relevant internal teams in the DPP implementation
Action 3
Plan for changes in technology and interoperability with current systems
Action 4
1. Engage in different DPP initiatives and try to contribute to policy recommendation development.
2. Monitor the development of DPP regulations.
3. Identify key topics that you and your company want to get involved in during the regulatory development and solutions to support
How to get started:
As many topics are a work in progress companies inputs can help shape the DPP regulations. This is an opportunity to address questions and influence discussions that will translate into more effective regulations. A way of influencing the discussion is to participate in stakeholder consultation.
Participation in the development of DPP regulations and standards.
Action 1
1. Appoint a designated DPP who is responsible for translating new regulatory developments into implications/actions
2. Share information about DPP with your organization
3. Identify the impact of DPP on each function (e.g., how DPP will affect planned product launches) and support current (investment) decisions to ensure future synergies
How to get started:
Some activities can be started today, while other roles and functions depend on further details from the DPP regulation. Articulate the corporate vision for DPP to all teams. Ensure cross-team collaboration on DPP implementation
Inform and involve all relevant internal teams in the DPP implementation
Action 3
1. Work with stakeholders and industry organizations on technical issues to identify preferred internal and systemic solutions (e.g., creating a unified platform for VC).
2. Inform IT & Finance about DPP to factor its impact into related technology decisions
3. Map which systems contain expected DPP data located in the organization and provide easy, centralized access to key data points if they are not yet available.
How to get started:
Plan for changes in technology and interoperability with current systems
Action 4
Empower Your Business
Companies can start with key no-regret actions to prepare themselves for the EU DPP
Navigating Ambiguity
Engaging in shaping policy to tackle uncertainties and ensure inclusion of business perspective
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Closing the Gaps
Assessing product data availability and filling in the gaps
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Collaborative Excellence
Informing and involving all relevant teams in the DPP implementation
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Future-Ready Strategies
Preparing for tech changes, focusing on interoperability
1. Identify key data points likely to be included in the DPP by mapping current and emerging national and EU regulations and global standards.
2. Map your organization's existing data points and identify where data is lacking to meet the expectations identified above
3. Incorporate key data points into the procurement process to capture relevant data up front.
How to get started:
Go over all data and identify key mandatory and optional data points for products. Use ESPR, the Battery Regulation, international and European standards, and circular economy standards as a framework. Find out what data is already available in the company and what data is missing and start collecting the missing data points.