Recalls are costly for — and damaging to — any company, no matter the size or market. For instance, McKinsey estimates that, for businesses manufacturing medical devices, recalls have been as high as $600 million in recent decades. The repu…
Manufacturers face a dizzying array of potential problems around the machines they produce, and it’s challenging to track down issues. This isn’t just nice to know. It’s crucial information, often tracked manually today by human auditors in spreadsheets. In some cases, failing to understand when there is a faulty part could result in costly recalls,…
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