How Medical Device Companies Can Benefit from Product Lifecycle Management
In today’s highly competitive landscape, Medical Device companies are striving to be more efficient, bring more products to market faster, while at the same time, reducing costs. Medical Device companies operate in a complex supply chain that requires cooperating with many suppliers and partners. This does not make it easy to achieve the expected results. The challenges in handling products from concept, through launch to retirement are large and involve many processes across business units, extending to supply chain partners. Not only are the processes complex, but they typically involve multiple, isolated, independent databases, spreadsheets, and files.