The life sciences industry is particularly vulnerable to cybercrime, given the pervasiveness of the electronic storage of high-value assets such as intellectual property and personal health information. Research by the Ponemon Institute reveals a 125 percent increase in cyber-attacks over the last five years, and experts predict that it is only a matter of time before a large-scale attack occurs. Read more »
Projects move innovations from concept to commercialization. They can be standalone or part of a series, yet their aim always remains the same: to achieve the goals and objectives that will give you a competitive advantage in your market. A project charter enables you to first define these goals and objectives, and then communicate them to your staff and stakeholders in order to ensure buy-in and support for your project initiation activities. Read more »
Six Sigma is a set of strategies that focuses on improving the quality of products and services. Integral to the initiative is the DMADV method — DMADV is an acronym for the five main steps that make up the strategy: Read more »
Over the next few years, the global combination products market is set to grow at a compound annual growth rate of 7.9 percent, creating opportunities for new organizations to enter the market while putting pressure on you to reassess your organization’s operational model and consider the need for large-scale change. The ability of your organization to adapt to change could mean the difference between staying profitable and going broke in a competitive market. Follow these tips to make large-scale change work for you. Read more »
Medical device manufacturing is one of the most competitive markets there are and also one of the most highly regulated. In the past few years, the market has faced 510(k) reforms and a new meaning to substantial equivalence, steadily increasing operational costs, a new 2.3% sales tax on medical device supplies, and other significant changes. Read more »
Whether you call it outsourcing, partnering or another term, hiring specialty expertise consultants continues to be a growing trend in the healthcare industry. Driven by the constant need to reduce operating costs to cope with budget cuts, downsizing and layoffs, drug, medical device, biologics, and combination products manufacturers are increasingly turning to outside consultants with specialty expertise and technical know-how of the constantly changing quality regulations to supplement their internal teams in a more cost effective manner. Read more »