Maybe you’ve been looking at food safety all wrong. It’s not just a compliance issue. It’s not a siloed compartment of your company. It’s not a list of boxes to check off. On the contrary, food safety is a critical brand protection function and therefore a driver of business profitability. Therefore, the more powerful your solutions are to ensure food safety, the more your company stands to gain in terms of ROI.
Have the dollar signs associated with the cost of implementing food safety software been holding you back from making the transition? Are you afraid that the return won’t be worth the investment? If so, you’re missing out on a greater opportunity for profitability, and you’re sacrificing the organization’s bottom line.
Without the advantage of high-quality food safety software, you’re risking a number of major costs to your business, including:
- Serious compliance breaches
- Severe brand equity losses
- Inability to reap savings from improved processes, greater efficiencies and higher productivity
- Revenue plummets from food recalls and loss in consumer trust
- Stagnation in an evolving industry
The reality is these expenses far exceed that of adopting a food safety software solution. But if you require a deeper dive into the true ROI of food safety software, uncover the following valuable returns that your business is poised to garner by leveraging a proper solution.
1. Reduction in Recalls
The average cost of a recall due to product contamination is more than $10 million. But when you really add up all of the expenses that can stem from a recall, you’re probably looking at millions more. Think about expensive factors such as:
- The process of communication across the supply chain
- The retrieval and handling of the recalled product
- Wasted ingredients and/or finished product
- Wasted time and human resources in the production of unusable product
- Investigation into why the recall occurred
- Implementation of corrective actions to prevent reoccurrence
- Possible litigation costs
- Potential for decreased sales, reputational damage and brand crisis management
In fact, just one food recall one food recall could irreparably harm your entire brand and business. Consumers may change their purchasing, food preparation and consumption practices, or they may avoid your product for months or years after the recall has ended.
The sooner and more proactively your organization can identify food safety noncompliances, the more effectively you can prevent full-blown recalls. By employing food safety software that lessens the risk and occurrence of food recalls, you make an investment in your brand, in consumer trust and in the longevity of your profitability. You protect millions of dollars at your bottom line and nurture the kind of relationship with your consumers that keeps them buying your products. That’s an ROI that’s worth every penny of upfront software costs.
2. Improved Operations
There’s a harsh reality facing food manufacturing organizations that fail to embrace change and improve their operations: A reliance on outdated, manual methods will hold you way back and make it extremely difficult to achieve your business goals. To attain the highest levels of profitability, it is essential to have a strategy for streamlining operations and creating efficiencies.
Food safety software fuels this kind of operational improvement through automation and advancement.
From cleaning and testing procedures to documentation and audit preparation, there’s a magnitude of ROI to be gleaned from streamlined food safety processes. Software helps to minimize the wasted time and resources that result from sluggish, manual efforts and human error.
Consider the following cost-saving advantages that come from implementing a food safety software solution:
- Automatic scheduling of preventative controls and testing to keep compliance and contamination prevention activities on track
- Accelerated collection of data, plus automated assessment and reporting of trends, challenges and results
- Quicker identification of and response to issues that necessitate corrective actions
- Strengthened communication between departments to speed up the relay of information and reduce duplicate or unnecessary effort
- Ability to verify food safety performance and effectiveness so that operational improvements can be made as required
3. Payroll Cost Savings
A coordinated food safety program requires an extensive amount of documentation and file storage for important items like your food safety plan, HACCP/HARPC, SOPs, routine testing results, investigative testing results and corrective action reports. When all of this is being managed via outdated, paper-based processes, you’re talking hours of manpower (not to mention an excess of administrative supplies).
If, however, you rely on a food safety software solution to streamline and automate these tasks, you benefit from significant cost savings. You don’t need to bankroll the same level of human resources, as the software digitally stores and organizes all of your records in one centralized database.
One area in which this is particularly important is the audit process. Food manufacturers have the potential to heavily reduce the time and effort expended on compliance audits. Preparation for an audit can be a complex, all-consuming endeavor when you’re not equipped with quick, easy access to the necessary data. But properly armed with software that generates everything you need in record time, you can cut back on the extra cost of employee hours and put that money back into your bottom line.
4. Progressive Reporting and Analysis
In the traditional model of data collection, you spend all this time gathering information, documentation and results — and then what? Are you leveraging this data to benefit your operation as a whole and boost profitability? Is it being analyzed? Is it even visible?
The food safety decisions, actions and plans that unfold within your business are only as constructive as the reporting and analysis upon which they are based. With the right software, you can manage your entire testing program, track all new and historical data, create audit trails and reports, make informed decisions about corrective and preventive actions and document every compliance effort.
Just think of what you could accomplish in terms of profitability if you had the advantage of robust tools that generate industry-standard and customized reports, enable you to review results in the floor plant to see patterns or gaps, use a comprehensive filtering engine to segment your data and help you compare results between different plants, for different programs, at any point in time.
With an investment in food safety software, the big return is a clearer, more holistic picture of your food safety approach, which enables your company to function based on tangible information. You can pinpoint challenges or mistakes more quickly and use powerful insight to overcome and fix them, saving you a great deal in terms of expensive risk factors and added costs.
Don’t let misguided fears about the worth of a food safety software solution hold you back from seeing a game-changing ROI for your business. Fill out our free, easy-to-use ROI calculator to find out how automating your program can save production time and money.