How to Meet FDA Medical Device Recall Requirements
The last thing you need during a global pandemic is to deal with a medical device recall. Whether a correction or complete removal from the market, a single medical device recall can cost up to $600 million. The U.S. Food and Drug Administration (FDA) has strict guidance on [...]
7 KEY REASONS TO DIGITIZE YOUR RECALL MANAGEMENT PROCESS
Good news for retailers - the U.S. Consumer Product Safety Commission (CPSC) reports product recalls are at their lowest level in 16 years, with only 241 recalls. Even better, digital recall response can drastically reduce processing times and resources dedicated to recall management. Digital recall response management involves [...]
How to Properly Conduct Mock Recalls
Each year, recalls cost companies millions of dollars in industries such as pharmaceuticals, food and beverage, cosmetics, medical devices, and more. They’re one of the biggest threats to profitability and associated with lost costs, delayed product delivery, and reduced consumer trust. Nonetheless, many risk management experts believe that [...]
5 Reasons to Choose a SaaS-Based Recall Management Service
Why Your Company Needs to Be Using Recall Management Service Software Having a recall management service available is critical for pharmaceutical and medical device companies. Even if your company has never faced a recall, the complex and dynamic nature of healthcare innovation means that one day you might. [...]