Total Product Lifecycle Management: Lowering Costs while Increasing Quality - Sponsored Whitepaper

Medical Device Manufacturers have always focused on bringing innovative high quality products to market. Yet shifting financial, regulatory and globalization landscapes call for closed-loop product management strategies that can keep up with the increasing innovation tempo and complexity of medical devices while at the same time, lower cost, increase quality, and facilitate compliance with regulatory requirements. Total product lifecycle (TPLC) is aimed at enabling accelerated innovation, improved product characteristics and better company performance.

This approach has come from an unexpected source, the Food and Drug Administration’s (FDA) Center for Device and Radiological Health (CDRH). According to the Agency, in a TPLC environment decisions rely on information from the entire product lifecycle. The TPLC effect is best achieved by leveraging appropriate information technology to share and communicate information across all stages of the lifecycle, enabling internal and external collaboration for improved decision-making.