Minotaur Software Aug.2014 | Page 40

10 Questions to Quantify the Benefits of Traceability Software for your Business 1. Have you been fined by any of your customers for shipping the wrong product or for not complying with their technology shipping requirements? dashboard that your customers could use to view information about inventory of finished goods and raw materials on hand, saving you time in answering customer phone calls and emails? 2. Have you shipped the wrong product to customers and had to credit them and then ship them the right product? 7. If you had better, faster, more accurate information, could you take on more customers? 3. Have you written off dated product because you didn’t use it before its expiry? 8. Are you doing any double entry (i.e. creating an invoice in your accounting system and then duplicating it in an online EDI portal to send the required electronic documents to your customers)? 4. Have you experienced a recall due to mislabelling or allergen claim issues? If so, was it costly (both in dollars and to your reputation) to administer the recall, get the product back and destroy it? 9. How much time does it take to answer sales staff questions about their customers (i.e. credit status, amounts overdue, historical purchases etc.)? 5. Can you perform the mock recalls necessary for customer and/or third party certification such as GFS1 in under 15 minutes? 10. Do your staff spend too much time creating financial statements or management reports that pulls information together from multiple systems? 6. Do you co-pack product for others? If so, do you wish that you had a live information 38