🇦🇺Australia

Administrative Cost Overrun

2 verified sources

Definition

PRAC reduces steps but still requires significant manual effort in documentation and market actions.

Key Findings

  • Financial Impact: AUD 20,000-50,000 per recall in admin costs (20-40 hours/phase at AUD 100/hr)
  • Frequency: Ongoing per recall closure
  • Root Cause: Manual data gathering, portal submissions, and reporting

Why This Matters

The Pitch: Medical equipment manufacturers in Australia incur AUD 20,000-50,000 annually in admin costs per major recall. Automation streamlines phases reducing overhead.

Affected Stakeholders

Market Action Teams, Documentation Staff

Deep Analysis (Premium)

Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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