Discrete manufacturers and R&D professionals have long viewed product lifecycle management (PLM) as a means to enhance manufacturing and design process management, data integrity and digital mockup. While these capabilities serve as a baseline to address operational challenges, current out-of-the-box solutions lack the maturity to maximize the value of product data and quickly tie it to business decisions.
The European medical device industry is undergoing a transformation as the new European Medical Device Regulation is set to come into effect. As companies rethink their current strategies amidst the evolving regulatory landscape, they’re able to take market share from competitors by becoming an EU MDR compliance pioneer. Those organizations that are non-compliant will be unable to participate in the EU market until they are certified.
After several years of challenging business conditions for traditional retailers and apparel/footwear manufacturers, circumstances are finally beginning to improve. But despite improved financial results, these leaders are finding it is as difficult as ever to provide a persuasive business case to get new projects approved and funded.
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