In today’s market, companies are under pressure to make effective use of capital and be ready for commercialization from the ‘get go’ by managing their operations processes optimally. This entails having effective design control, document control, and ECO processes for product development and have efficient management of processes in Operations e.g. Nonconformance, Equipment Calibration, Supplier Qualification, etc.
They also need to capture relevant process metrics and trends so that the executives can keep tabs on the operational effectiveness of their product commercialization activities. They need to be operationally efficient while, in many cases now, be in compliance with various regulatory standards.
Companies are also meeting the efficient capital challenge by focusing on specific core competencies and partnering for product design and product manufacturing with other companies. This environment is creating a strong need for sharing of accurate product information both within the enterprise as well as throughout the supply chain.
Areas that are of serious concern to companies during the product development process are:
- Tracking of design revisions, product structure changes and synchronization of product information e.g. product requirements, design specifications, assembly procedures, manufacturing instructions, compliance etc.
- Sharing of accurate information with design, engineering and manufacturing partners
- Managing the life cycle of products
- Managing and Tracking changes throughout the product life cycle