Make Your PLM System the Product Design Utopia to Win Big in Medical Device
According to an Aberdeen Group report, embedding quality and design control processes within a PLM solution can reduce internal and external failure costs by more than 50% and reduce the total cost of quality by 8%.
Unfortunately, an alarming number of med devs go bankrupt due to a reliance on bandaged together disparate design processes systems. New product introduction delays, scrap, rework and risk exposure caused by silo-ed systems makes executives of these doomed companies realize too late that everything they were told about design control was "Wrong".
This medical device whitepaper proves when quality is embedded in the product design and development cycle — coupled with modern risk management tools — supply chain oversights, employee missteps and product design errors can be dramatically reduced. In this whitepaper, you’ll discover:
How to increase operating margin by 25%
How to reduce failure costs by 29% with integrated PLM and quality tool
The best next generation design solutions for medical devices
Integration strategies for reducing obsolescence and counterfeit part risks
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