• Categories:Industry News
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• Time of issue:2020-09-15 10:34
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(Summary description)In the medical device manufacturing industry, eight major commercial benefits can be obtained by achieving transparency in product information management The medical device manufacturing industry is undergoing a data evolution. Business leaders need to understand that mastering their data is critical to achieving leadership in a highly competitive market. The pertinence and popularity of the digital supply chain are increasing. Manufacturers are building new processes to connect back-office with front-office systems, and even directly to the customer’s operations department. The industry is moving towards becoming more digital and data-intensive. Building a digital supply chain requires collecting the raw materials that make up it: data The medical device manufacturing industry faces three major challenges, among which data transparency helps: Under the increasing competitive pressure brought by low-cost alternatives, discover new ways to provide value to customers; and through regulation that keeps up with industry practices And coordinated development to ensure patient safety; invest in digital transformation, build a more cost-effective supply chain, and respond to changes in medical procurement and delivery models. The road to business transparency starts with data transparency You need to confidently act on key business data facts (such as product or customer data) throughout the enterprise, which requires data transparency. You can achieve data transparency by implementing business-led processes that manage the ability to collect, enrich, and share clearly defined, accurate, consistent, and up-to-date information inside and outside the enterprise. Data transparency replaces ambiguity with actionable insight. Although data transparency brings obvious business advantages, it is difficult to ensure that your product information is transparent. Separate organizations, applications, and technologies all manage their own truth. As a result, product information becomes fragmented. In addition, there is often no clear organization responsible for its structure, accuracy, continuity and provenance. Unified Product Information Management (PIM) adopts eight methods that can help your business development 1. Improve patient safety Obtaining clear and complete product information plays an important role in preventing adverse events related to information error handling. In the event of equipment failure, the regulatory agency requires that its agency be notified through a centralized reporting system in electronic format to ensure a timely and appropriate response. PIM (Product Information Management) solutions can help by the following ways: Provide centralized, business-led control capabilities for the completeness, accuracy and availability of product information for adverse event management.