Manufacturing – Process and Discrete
MEDICAL DEVICE MANUFACTURING
Medical device manufacturing is a world of extremes and stark contrasts, where the majority of innovation is driven by start-ups and smaller businesses, yet high profitability is required to sustain growth in this sector. Outdated information systems cannot handle the wealth of data this industry requires – which is why medical device manufacturers need modern ERP solutions designed for discrete manufacturing obligations to ensure continued ROI.
A high existing domestic demand and expanding global market presents considerable opportunities that could be hampered by significant risk from regulations, taxes, and rapidly developing trends. Only a flexible, scalable, and comprehensive enterprise software system can address all of these concerns.
Medical device manufacturers are subject to regulations similar to those in the pharmaceutical and life science product sectors. Ensuring consistent compliance with FDA standards is critical to streamlining production life cycles. Automated digital solutions eliminate manual entry procedures and mitigate the risks of human error in ensuring adherence to legal requirements. Comprehensive central databases provide real-time access to regulatory guidelines as needed.
Product-to-market process maintenance is crucial to sustaining profitability within this sector. Product Lifecycle Management enables a collaborative space between disparate business units to achieve a more efficient deployment of goods. Mobile accessibility provides real-time data delivery for quicker decision-making.
The precision required in medical device manufacturing dictates that promoting visibility between departments, and between decision-makers and supply chain processes, is integral to preserving sustainability. Expansive databases and thorough reporting functions allow for a more accurate organizational overview.