NOVEMBER 20218In My OpinionTHE INNOVATION PROCESS: DEVELOPING LIFE SAVING MEDTECHExciting advancements in today's medical device industry bring better opportunities to diagnose, treat, and enhance patients' lives but demand agility in the manufacturing environment. Challenges common in all industries have an additional layer of complexity for medical device companies due to the ever-changing regulatory landscape. Typical cost improvement and efficiency models that allow companies to stay current and maintain the relevance of products in the market are offset by approval times and submission requirements required for medical device innovation.Beyond the standard supply chain challenges surrounding inventory management, manufacturers also struggle with hardware obsolescence and support for existing Janna ParksJanna Parks, Director Operations Quality, Abbott [NYSE:ABT] By
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