Will 2023 be a year of widespread product recalls? Unfortunately, the percentage of product recalls are extremely unpredictable. There are hundreds, if not thousands, of consumer products recalled each year.
Luckily, Sage released an article which provides various supply chain tips for dealing with a product recall (if one were to happen). We provided 5 of these tips for you below:
Having the correct data readily available helps answer these questions to quickly identify and address the problem while providing market reassurance and alleviating recall cost.
For access to real-time data, businesses must invest in a single-centralized solution to track data from the supply chain, through productions, and all the way to customers. Regulators will expect businesses to connect ingredients and customers through complex, multi-production processes. The result of not having these processes in place can be a massive recall that could bankrupt a company.
It is here where having strong visibility of supply chain is crucial. It allows businesses to be authentic about the potential extent of problems and quickly pinpoint the cause, essential to protecting ones’ reputation.
Do you want to learn more about a solution that not only streamlines your daily business operations, but minimizes waste and supports growth? Contact our team to learn more about Sage 100.
When you team up with ACC Software Solutions, you’ll receive a team of experts with over 25 years of industry experience to help determine the right solution for you and your business. Contact our team for your FREE consultation!
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