Build Quality, Efficiency, and Visibility into the Manufacturing Process
Rapid advancement of the emerging countries coupled with the aging demographic of the developed countries has created a huge market opportunity for the Medical Device industry. However, the following 21st century market dynamics is also creating the “Perfect Storm” – demanding constant innovation and putting pressure on cost and quality.
The market dynamics facing manufacturers in this segment are significant:
- Economic and competitive pricing pressure
- Increasing customer demand, and demand for innovation
- Tough and evolving regulatory oversight, including stricter rules for clinical trials and evaluation of critical data
From a manufacturing perspective, the business challenges arising from these dynamics are considerable:
- Reduce the cost of goods sold
- Manage and minimize exposure to risk
- Manage enterprise and supply chain visibility and control
- Accelerate innovation
- And above all, ensure product quality
To succeed under these pressures, companies need to maintain or raise product quality while improving patient safety and operating costs (i.e., getting better margins) through the removal of waste. Put simply, companies need to build products better, faster and more cheaply
Together with its Partner Camstar, znt-Richter provides innovative software solutions, effectively addressing the full range of business challenges that the medical device manufacturing industry faces. For more details please refer to our information about the Camstar Enterprise Platform.
View/open Medical Device flyer here!