Increase Standardization and Quality for Medical Device Design and Development

Medical device and medtech companies are challenged to introduce new and increasingly sophisticated devices at a pace never seen before. Today’s devices are more complex than previous generations, containing multiple systems and subsystems, electronics and digital connectivity. At the same time, the industry is experiencing heightened recalls, impacting both the bottom line and shareholder value.

Pressures from budget constraints, supply chain disruptions and regulatory requirements are pushing companies to prioritize part standardization and supply chain agility. Frequent mergers and acquisitions can create data siloes, making the shift towards component and supplier standardization essential to remain competitive. Manufacturers can not only ensure regulatory compliance but also enhance overall efficiency by better managing the reuse, purchasing and development of their components. Significant cost and time savings can be realized by capitalizing on the benefits of seamless interoperability between different systems.

Download Sourcing and Standardization Intelligence Customer Stories to discover how leading companies in diverse industries around the globe are benefitting from our Sourcing & Standardization Intelligence solutions on the 3DEXPERIENCE platform.

Standard Component Management enables medical device companies to streamline their component standardization and sourcing process, aligning it with their business policy. This approach offers several benefits:

• Increased standardization and quality, leading to cost and time savings.
• Reduced development cycle time by minimizing new component introductions, maximizing component reuse, and accelerating certification processes.
• Decreased lead time and supply risk.
• Lower purchasing costs through early supplier involvement and consolidation of component suppliers

With Standard Component Management, medical device companies can achieve efficient and cost-effective standardization and sourcing, ultimately improving product quality and processes.

Learn more about how AI for products parts sourcing helps Procurement work more closely with Engineering to make better-informed decisions to reuse, buy or make parts. Professionals from Avencore and Dassault Systèmes demonstrate solutions that create your own streamlined catalogue of in-house and preferred vendor components and get the right parts at the right price.