PLM and Pharmaceuticals - It Just Makes Sense
By Tony Ouk on Aug 20, 2010
Here is a great article by ARC Advisory Group on why the Pharmaceutical Industry should start looking into PLM solutions.
To quote the article:
"A PLM solution works as a business strategy and employs collaborative software solutions to create a product-centric data record for any product over its entire lifecycle, from concept generation to decline. It facilitates identification of potential errors and conflicts early in product development cycle. The collaborative PLM solution embraces the true potential of distributed partnership-oriented supply chain where suppliers, partners, sub-contractors, and customers are involved in product definition. While PLM manages product related data and processes across the distributed environment, the strategic framework that this solution offers enables companies to have superior collaboration across the functions and decision points necessary to manage a drug for optimal profitability throughout its lifecycle. With a centralized single repository facilitated for product information throughout a product lifecycle it encourages the organization to have an efficient procurement process in place."
Click here for the full article.