Product recalls can be extremely costly for an organization in more ways than one. for example, after issuing a recall the manufacturer has to cover the cost to replace and repaire defective products. Furthermore, a recall and the fallout can be extremely detrimental to the manufacturers reputation in the market. For larger companies, the total cost of fixing these products and any backlash from customers can potentially result in multi-billion dollar losses.
Managing Product Recalls with Rubber and Plastic Manufacturing ERP
A product recall could put consumers in danger when it comes to rubber and plastic; for example, if a product such as an automobile tire or a small children’s toy proves to be faulty, the results could be devastating. In the unfortunate event that your company faces a product recall, an effective rubber and plastic manufacturing ERP system can help you manage it successfully.
When a product recall is issued, it is vital that the company that manufactured the product acts quickly and efficiently so that the fewest amount of people possible have access to the faulty product. The quicker the company reacts to the problem; the better off the company will be in the long run.
Rubber and plastic manufacturing ERP can help you quickly interpret the extent of the recall and identify which products are potentially dangerous to consumers. The software also gives a company the opportunity to immediately stop the product from being shipped or sold at any point along the supply chain.
Rubber and plastic manufacturing ERP provides a number of features that aid in product recall management including:
Rubber and plastic manufacturing ERP can help support what is called “bi-directional tracking.” This means that the system has the ability to take a customer complaint and work backwards to discover all other customers who were affected. Also, the system has the ability to trace forward by using a supplier’s recall or advisory note.
Lot control is another key piece in product recall management for rubber and plastic manufacturers. This involves ensuring that all products that flow through a manufacturing warehouse can be traced back to its origin. An efficient lot controlling functionality could provide the difference in determining how detrimental the recall is to your company. An effective rubber and plastic manufacturing ERP system provides that functionality for your company.
Most rubber and plastic manufacturing ERP systems feature a complete quality control functionality that can aid in avoiding faulty products from entering the supply chain in the first place. These systems thoroughly inspect rubber and plastic products to ensure industry compliance and keep your company out of trouble.
If you’re in the rubber and plastics industry, an ERP system with product recall management is a must. If your company does not have a system in place to take care of the recall, the results could be financially devastating.
These are not the only features found in an ERP system to help you avoid recalls, click below to learn about the additional benefits of a well selected rubber and plastic manufacturing ERP system.