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MedTech companies are struggling like most industries due to inflationary trends, however, the problem is further amplified for companies with a predominantly commoditized product portfolio.
Leaders in an organization need to take the initiative when it comes to digital transformation and MES selection.
From preparation, through creation of template and deployment across sites, to final handover and ongoing support – to ensure a smooth project, each stage needs to be carefully planned.
The total cost of ownership of a multi-site MES project is inevitably higher than that of a single site. What are the other challenges of rolling out an MES across multiple, global sites and how can they be overcome?
Before a multi-site MES project can be undertaken, the potential business benefits of the MES program must be defined.
Medical device manufacturers face a unique set of challenges where data and its management are concerned from an Industry 4.0 perspective.
The 2021 global chip shortage bears testimony that the industry’s perceived capabilities have fallen short on reaping the full potential of digital transformation and automation.
The Pygmalion effect of expecting the best results can be a key to deriving the benefits of change in a company. Knowing the company’s own value chain, placing clear expectations internally and in-line with a future, more digital self, followed by choosing the right MES and driving results through capable, motivated leadership, will deliver a digitally transformed enterprise.
While some industries, such as non-essential goods, were brought to a complete halt, other industries supplying goods to battle the disease (the Pharmaceutical, Clinical Diagnostic and Medical Device sectors), were expected to scale rapidly to meet the global demand for their products.