The importance of real-time communication has never been more critical to ensure businesses can navigate a myriad of risks in their quest to introduce new solutions ahead of the competition.
High-tech and medical device companies strive to bring innovative products to market fast and efficiently amid increasing product complexity, regulations, globalization, and cost pressures. Smart, connected technological advances are driving more product intricacies, making it critical for dispersed internal teams and supply chain partners to collaborate—especially during uncertain times where black swan events are becoming more commonplace.
In this white paper, we explore the benefits of cloud software systems aimed at helping companies design, produce, and deliver high-quality products in this global economy. In particular, we look at the benefits of a cloud platform designed for both product lifecycle management (PLM) and quality management system (QMS) solutions. Both solutions provide companies with the necessary product and quality record control needed to effectively convert ideas to products in these challenging times. With that in mind, we’ll review the return on investment (ROI) based on insights into:
- The evolution of cloud software solutions
- The business value of Cloud PLM and QMS software
- Key metrics to measure the return on investment for PLM and QMS