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How Medical Device Companies Can Benefit from Product Lifecycle Management
The challenges in handling products – from concept, through launch to retirement for medical device companies – are large and involve many processes across business units, extending to supply chain partners. Not only are the processes complex, but they typically involve multiple, isolated, independent databases, spreadsheets, and files. This does not make it easy to achieve the expected results.
A resilient PLM platform enables medical device companies to be able to bring more products to market faster, while at the same time, ensure product quality and reducing costs.