We were honored to have Palani Palaniappan, EVP Innovation & Development, of Terumo BCT, join us at the 2017 American Medical Device Summit, where he gave a plenary address on “The Democratization of Healthcare Technologies”. This is an excerpt from an interview with Palani, also on this topic. You can read the full interview here. Until now, corporations have served only the top tier of the world’s population: the top 2 billion. That leaves 5 billion people underserved. The underserved can maybe only spend $1 per day, instead of saying $100 in the developed world, but the sheer number of them make it profitable. By addressing these people and their needs, companies who have done it right have thrived. But many have done it wrong. A common mistake many companies make when designing products for emerging markets is that they simply defeature a product that is engineered to meet the needs of a developed economy. For instance, they will develop a product for the US market, then remove the more costly features to meet a price point they think will sell in a developing market, such as India or Africa. But achieving the right price point alone will not sell your product. You have to hit the right price point and 100 percent of the features have to be appropriate for the market. Companies looking to design medical device products for emerging markets should keep in mind three terms: Gemba, …
Read More →The Generis Speaker Spotlight: Palani Palaniappan, EVP Innovation & Development – TerumoBCT
We are thrilled to have Palani Palaniappan joining us at the American Medical Device Summit, held in Chicago from October 4-5, where he will be discussing “The Democratization of Healthcare Technologies”. Palani brings more than 25 years of experience in product and project development, engineering, scientific research, and global business and technology management. We sat down with him in advance of the event to talk about how leapfrogging technologies in emerging market share providing more and more people with access to healthcare, how companies can design medical devices to suit the needs of people in emerging markets,and how innovation in the developing world is, in turn, influencing product innovation in developed markets. To read the full interview, click here.
Read More →Case Study: How Optimizing PPM Processes can help Deliver Strategic Projects
The R&D team of a global medical device company was experiencing project slippage, diluted resources, prioritization problems, and too many projects within its current portfolio. Although the company had a mature project management group that was compiling data and tracking the projects, the team lacked portfolio governance and a way to identify which projects were strategically aligned with the company’s strategic goals. Check out the Integrated Project Management case study below to find out the steps taken to overcome these challenges: http://bit.ly/2wALg3U
Read More →Let Solid Designs help you develop new products & create manufacturing solutions!
Solid Design Solutions provides assistance with the development of new products and creates manufacturing solutions for a number of industries, which include: consumer, medical, specialty machines and industrial. Some of their areas of expertise include: Control engineering Project management Manufacturing engineering Industrial design Software Engineering Mechanical Engineering Electrical Engineering Product Development Research Drafting More details on the type of services they offer can be found here: https://generisgp.com/wp-content/uploads/2017/09/Inforgraphic-final.pdf Solid Design Solutions Website: http://bit.ly/2eMae5b
Read More →Cognition’s Cockpit Platform – A Case Study
Are you in the Medical Device industry? Reduce cost, time and energy on validation. Software solutions are now an integral part in the product development of a medical device. Software solutions should be validated during three stages: the initial implementation, software upgrades, and customer modifications. The Cognition Corporation’s latest case study explores the benefits of using the Validation Kit for product development teams, which include “improving efficiency and reliability of integrating requirements management programs” and “risk mitigation while performing innovative low-cost/high-quality product development initiatives.” For more information on the case study, click here.
Read More →Case Study: How to lead progressive changes through project leadership
“Big new legislative requirements mean big changes at even the most efficiently run companies. But when the company uses project leadership to incorporate those changes into its larger business strategy, the benefits go far beyond compliance.” To learn more about the benefits from project leadership, check out the case study by Integrated Project Management, click here.
Read More →Are you struggling with finding a fully validated Requirements Management Tool?
“Validation is required, as regulated by FDA, to ensure that a company’s product development software/system will meet its intended purpose. The software/system must show that it will function in a reliable, consistent manner and is in compliance with regulatory and business requirements. Additionally, once the software/system has been accepted and released for use, there is a need to maintain compliance and fitness throughout its operational life. Unfortunately, information on how to develop a validation plan and the activities expected as part of a validation effort are limited and subject to misinterpretation.” Are you struggling with finding a fully validated Requirements Management Tool? If so, check out the full white paper by Cognition!
Read More →Looking for an EIS Provider? 10 Questions you should ask
Energy spending can account for a significant portion of manufacturing costs. By implementing Energy Intelligence Software manufacturers can manage energy spend and, as we saw in the GE case study below, realize significant savings. Selecting the right provider is therefore crucial if a manufacturer wishes to affect real change in their energy spend. Defining organizational requirements, attaining the necessary buy in and making the right provider selection is vital. To that end EnerNOC has released a 10 question guide to assist manufacturers with the selection process. Ensure that you have the information you need to make the right choice for your business. Find out the questions you should be asking potential EIS providers by Downloading the eBook!
Read More →10 Reasons US Manufacturers are Choosing Mexico
Mexico is ranked 3rd out of five high-growth markets (along with Brazil, China, India and Russia) and it is fast becoming a go-to destination for US manufacturers. The country’s regional proximity lends it an upper hand when compared to these other high-growth regions; with both cultural ties and the NAFTA corridor connecting Mexico to major American markets. In the past 15 years Mexico has entered over 12 free trade agreements giving preferential treatment to 49 markets on 3 continents. The low labour and utility costs have enticed a number of manufacturers to pursue Mexico as an option that is more cost effective, while still providing the full range of necessary support services (legal consulting administrative, outsourcing, call centres etc.). To help define why Mexico is fast becoming the destination of choice, we asked our friends at CPI Co-Production to share the top 10 reasons that they have seen manufacturers choose Mexico over other high-growth regions. For more insights into medical device manufacturing, and to find out more from CPI-Coproduction, join us next month at the American Medical Device Summit 2015 taking place in Chicago.
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