🇦🇺Australia

Cost of Poor Quality

3 verified sources

Definition

PRAC simplifies recalls but mandates strict reporting; failures trigger penalties, adding to quality failure costs like rework and refunds.

Key Findings

  • Financial Impact: AUD 50,000+ per non-compliance incident (fines, legal action); 20-40 hours per recall event on manual steps
  • Frequency: Per recall event, mandatory for all sponsors
  • Root Cause: Complex manual processes in legacy URPTG (10 steps reduced to 5 in PRAC), risking delays

Why This Matters

The Pitch: Medical equipment manufacturers in Australia waste AUD 50,000+ per recall event on manual compliance and penalties. Automation of recall notifications and tracking eliminates this risk.

Affected Stakeholders

Recall Coordinators, Compliance Officers, Sponsors

Deep Analysis (Premium)

Financial Impact

Financial data and detailed analysis available with full access. Unlock to see exact figures, evidence sources, and actionable insights.

Unlock to reveal

Current Workarounds

Financial data and detailed analysis available with full access. Unlock to see exact figures, evidence sources, and actionable insights.

Unlock to reveal

Get Solutions for This Problem

Full report with actionable solutions

$99$39
  • Solutions for this specific pain
  • Solutions for all 15 industry pains
  • Where to find first clients
  • Pricing & launch costs
Get Solutions Report

Methodology & Sources

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

Evidence Sources:

Related Business Risks

Request Deep Analysis

🇦🇺 Be first to access this market's intelligence