Maximising product profitability starts with effective Product Lifecycle Management (PLM - sometimes defined within Life Sciences R&D as Portfolio Management) and extends across all business domains (into Manufacturing, Sales and Marketing) to provide product master data as part of a wider Portfolio Management solution.

Within Research and Development, PLM allows research and development costs to be tracked and managed, succesful device or drug candidates to be 'fast tracked' while less succesful candidates or designed are identified and dropped earlier in the development cycle to save undesirable costs. This provides the basis for through-life portfolio management and profit optimization. A subset of PLM processes and data fall within the scope of various regulations (e.g. Device Master Record) and PLM solutions require appropriate risk-based validation.

PLM Services and Solutions

Business & Decision provide PLM strategy, services and solutions based upon industry leading products from our software partners.

Such solutions are appropriately validated and form the basis of Portfolio Management in larger Life Sciences organizations. This may include integration as part of a wider Federated Information (Master Data Management) solution and may also require integration with Enterprise Resource Management (ERP) solutions or Customer Relationship Management (CRM) solutions, streamlining  the management of products from the design and development stage into scale up, manufacturing, sales and support.

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