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Consumer safety hazards plague many businesses around the world. Yet few business managers understand why these problems are occurring. As such, these managers often struggle to stop consumer safety hazards from recurring – something that can put a major dent in a company's bottom line. 

Ultimately, an effective consumer safety plan is a must-have for managers, regardless of a company's size or industry. With an effective consumer safety strategy in place, managers can identify the root cause of product failures, warranty claims and related problems and eliminate such issues before they escalate. 

How to Develop an Effective Consumer Safety Plan

Even a single product failure can create major headaches for business managers. However, a consumer safety plan ensures managers will be able to identify and mitigate a product failure early in the product development cycle. That way, managers can prevent a product failure from damaging a company's revenues and brand reputation. 

Typically, a product failure that goes unaddressed will cause myriad immediate and long-term problems. This issue may lead to a product recall, resulting in extensive product repair and replacement costs. Plus, the product failure could lead to corporate and/or federal penalties due to non-compliance with assorted regulations. 

A product failure also may result in substantial revenue losses and brand reputation damage. The problem could even lead some customers to consider a company's rivals going forward. 

Clearly, a product failure represents a major problem, one that must be identified immediately. At the same time, managers must allocate the necessary time and resources to collect and analyze consumer safety data. 

An effective consumer safety plan requires data collection and analysis. And if managers can understand all of the consumer safety data at their disposal, they may be better equipped than ever before to prevent consumer safety hazards from happening. 

Consumer safety data comes from product recalls, warranty claims and similar issues that occur over an extended period of time. If managers understand how to collect and analyze this information consistently, they could enjoy many business benefits. 

First, managers that assess consumer safety data can track patterns and trends. This will allow managers to uncover the root cause of consumer safety hazards and take the necessary steps to eliminate such problems. 

Perhaps most important, consumer safety data collection and analysis enables managers to listen to customers, learn from them and act accordingly. This ensures managers can help a company produce the best products and improve its chances of fostering long-lasting customer partnerships. 

How Can Business Managers Maximize the Value of Consumer Safety Data?

Consumer safety data can make a world of difference for business managers. Now, a state-of-the-art system is available to help managers streamline their data analysis efforts – PolyVista Alerts+.

With PolyVista Alerts+, managers can take the guesswork out of consumer safety data analysis. In fact, PolyVista Alerts+ helps managers automate their data analysis efforts, ensuring managers can speed up the process of transforming consumer safety information into meaningful insights. 

PolyVista Alerts+ boasts a user-friendly interface that makes it simple for managers to set up consumer safety alerts. This ensures managers can receive email notifications any time a consumer safety danger arises and act instantly to resolve this problem. 

In addition, PolyVista Alerts+ enables managers to craft in-depth reports based on consumer safety data. The system ensures managers can simplify their reporting efforts and gain the insights they need to make informed decisions faster than ever before. 

Managers can implement PolyVista Alerts+ into their day-to-day consumer safety efforts and reap the system's benefits right away. Thanks to PolyVista Alerts+, managers can obtain deep insights into consumer safety patterns and trends. By doing so, managers will be able to listen to customers, analyze consumer safety data and act upon consumer safety insights.

Summary

An effective consumer safety plan requires more than just acting upon product failures, warranty claims and related issues after they happen. Conversely, business managers must implement a proactive approach to consumer safety to mitigate such problems. PolyVista Alerts+ empowers managers to do just that. This automated alerting system helps managers identify consumer safety hazards quickly and learn from them. As a result, managers can use PolyVista Alerts+ to collect and analyze consumer safety data and make informed business decisions.