Spotlight on Medical Device Manufacturing: Part 4 – 6 Ways to Justify Prices and Rein in Costs with Enterprise Software – Conclusion
Part 4 – Conclusion
Enterprise software serves as a central source for operational data, documents and automates workflows, and provides capabilities for collaborating more effectively with customers, suppliers and other partners.
PLM capabilities take advantage of these characteristics to make it easy to store and retrieve massive amounts of documentation that justifies the value—and price—of each medical device. Portals and CRM capabilities give customers self-service access to information and allow them to place orders online, thus enabling new ways of marketing and selling. Because enterprise solutions automate communication and collaboration between manufacturers and suppliers and provide supplier metrics, they simplify outsourcing and reduce risk. These solutions provide information, analytics and workflow automation that lean manufacturing initiatives require to minimize waste in manufacturing. They also automate Kanbans that facilitate demand-based manufacturing and furnish the analytics necessary to continuously improve operations. As such, enterprise software serves as an ideal platform for helping medical device manufacturers justify prices and reduce costs throughout their organization.
From an Epicor White Paper
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