The Medical Device and Pharmaceutical industries are rapidly evolving. As these industries grow, manufacturers’ practices and processes must evolve with them. Medical device companies face many common challenges, such as insufficient cross-domain collaboration, data incompatibilities and translation, and using manual methods instead of adopting automation. To remedy these obstacles, manufacturers need a product management lifecycle (PLM) solution to help digitalize their business.
Work smarter, not harder with PLM strategy
In an industry that is highly complex and under intense regulatory scrutiny, designing and developing new products can be a challenge. Bringing those products to market in a timely manner is even more challenging. If a company’s product lifecycle is supported by fragmented IT systems or manual work, progress can easily be obstructed. As a result, complexity increases, and quality suffers.
Nothing is as frustrating as non-value-added work. Well, maybe a product recall. (However, with the right resources, companies can be proactive and avoid recalls.) But what if teams don’t know they are creating more work than necessary? Get rid of workarounds and get to know your development process. If your team is having to devise new plans that bypass intended processes, you are probably working harder, not smarter.
Companies that do not use digitalization or an integrated product development solution are hurting their competitive advantage. A limited IT strategy can limit a company’s ability to innovate and develop new devices. CAD and PDM systems may improve engineering productivity, but a PLM strategy will drive overall business performance.
Future-proof your business with PLM
How exactly can PLM for Medical Devices help collaboration and efficiency? Well, it all starts with breaking down siloed processes with digital transformation. Working concurrently across domains is crucial for teams to collaborate, control costs and manage their timelines.
PLM systems enable the re-use of development data and evidence to facilitate control of complexity and maintain integrity. With PLM, medical device manufacturers can automate compliance, submission and reporting, while cross-functional design teams are able to share their works in progress.
Choosing the right solution for your team
PLM for Medical Devices addresses the rising complexity of products in the medical device industry. Rising regulatory and compliance requirements dictate the need for manufacturers to provide better visibility and traceability, while improving time-to-market and cost reductions. PLM for Medical Devices can provide the basic building blocks for companies to get started with cloud SaaS PLM.
No matter how small or large a company is it can scale product development, risk management, traceability to design control and more to match product and regulatory requirements and compliance. Learn more about the industry best practices integrated into our SaaS solution here.