June 2, 2022
Product Lifecycle Supply Chain Management
Medical device manufacturers often have dozens or hundreds of suppliers of raw materials, components, or services of various kinds. Coordinating the efforts of multiple teams, often spread across the globe, can be a daunting task even under normal circumstances. When there are design or process changes, material shortages, plant shutdowns, natural disasters, or other factors that disrupt the normal flow of things, companies must take quick steps to ensure that everything continues to work in a timely and compliant manner. Product lifecycle management can help optimize the supply chain and facilitate a more responsive and collaborative relationship between manufacturers and suppliers.