Product recalls in the in vitro diagnostics (IVD) industry can have devastating impacts, incurring financial losses in addition to substantial reputational damage.
The most effective way to avoid a product recall is to carefully monitor manufacturing processes and inspect products to ensure their continued compliance. Recent global events, like pandemics and conflicts, have exacerbated challenges within the supply chain, further emphasizing the need for proactive risk mitigation strategies.
This whitepaper explores the need for transparency between suppliers and manufacturers, ensuring the integrity of their products and maintaining trust among consumers and regulatory authorities alike.
Download this whitepaper to:
- Gain a better understanding of the crucial areas of risk mitigation
- Learn how suppliers and manufacturers can work together to reduce risk
- Discover how to select the right product to meet your needs
The last thing any IVD manufacturer wants to occur is
a product recall. This has wide-reaching implications,
not only for patient care, but also for the individual
manufacturer and their ability to provide relevant and
useful IVD testing kits onto the market. Product recalls
highlight the importance of rigorous quality control and
risk management in the IVD industry ensuring patient
safety and preventing adverse events.
Global events such as the pandemic and military
conflicts have led to supply chain shortages, acutely
demonstrating that managing risk is imperative to
maintaining a sustainable business. Collaborative
proactive risk mitigation with suppliers can better
protect a company’s ability to reliably deliver their
products and services to their customers with the high
quality expected.
Risk mitigation is the process of assessing risks and
taking one of the following actions: removing the risk,
reducing the risk, or accommodating the risk.
Critical raw materials require active risk mitigation
to ensure:
• Manufacturing continuity
• Lot-to-lot consistency
• Regulatory compliance
• Clinical test reliability
Manufacturing and testing organisations actively work
to avoid disruption to their operations as the impact
could be significant. Such disruptions could include:
• Delays in manufacturing
• Customer backorders
• Batch failures
• Product recalls
• Patient misdiagnosis or harm
Dr. Lisa Fitzpatrick, IVD Segment Marketing Manager
P