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Diffusing Healthcare Innovations QAD Blog
WEBMay 9, 2024. The healthcare industry is renowned for innovation. Medical device firms and pharmaceutical firms spend billions of dollars on research and development. They are constantly faced with new health challenges and expiring patents, so I think it is safe to say they are learning organizations. The byproduct of billion-dollar R&D budgets
Actived: 5 days ago
URL: https://www.qad.com/blog/2024/05/diffusing-healthcare-innovations
2023: A QAD Year in Review QAD Blog
WEBThe World is Changing, and So Are We. Last year was a year of technology advances and societal transformation. The World Health Organization (WHO) declared the end of the Covid-19 pandemic, global leaders advanced plans to address climate change and artificial intelligence stole the technology limelight. Though, not everything went so …
Disruptions and the Democratization of Healthcare QAD Blog
WEBNewsweek published an article in January 2024, noting that “Swathes of drug stores across the U.S. are shuttering branches, with CVS, Walgreens, Rite Aid and independent pharmacies all announcing closures over the last two years.”. Some of the reasons cited for these closures were: increased costs for drugs, pharmacist burnout, …
Why Digital Manufacturing is Even More Important After the
WEBApril 1, 2021. The impact of the COVID-19 pandemic isn’t over. Manufacturers continue to face potentially indefinite remote work policies, new health screening and safety protocols, unexpected demand swings, potential supply disruptions and more. Digital manufacturing couldn’t be more important or necessary for maintaining business
Actionable Insights: Inventory Data Health QAD Blog
WEBJune 18, 2020. In our previous Actionable Insights blog, we discussed the Equipment Analysis Action Center. Next, we will provide an overview of the Inventory Data Health Action Center as well as the associated key performance indicators (KPIs). Most manufacturing companies are dependent on their ERP systems to ensure inventory …
The “New Normal” in the Packaging Industry QAD Blog
WEBMoving forward, packaging companies are likely to see their overall volume fall slightly. The “new normal” will mean social distancing regulations will be relaxed, but not eliminated, and therefore operations inefficiencies will continue. The good news is that consumers will still eat and drink more at home, which in turn, will sustain the
How to Achieve Outcome-based Continuous Improvement
WEBStep One – Define Your Execution Outcomes. When a manufacturer executes a group of processes or activities, it should produce a business outcome. We call the outcome from a group of processes an execution outcome. Achievement of a series of execution outcomes produces the manufacturer’s overall business outcome.
Emerging Players in the Medical Device Field QAD Blog
WEBA recent report by Deloitte forecasts the growth of India’s medical device industry at 15 percent annually, which could mean that India’s medical device industry will be worth $8.6 billion by 2020. In order to make sure that medical devices sold in India are made in India, their government passed a law in 2015 removing the need for
The Pros and Cons of Implementing Six Sigma In Your Company
WEBAccording to a report released by General Electric, their company was able to save more than $8 billion from 1999-2002 thanks to identifying and eliminating such defects. Since Six Sigma heavily relies on data, you can conveniently and comfortably look into your processes in real time. As the measurement trend starts hitting the lower of …
Effective Corrective Action System QAD Blog
WEBStep 7: Adjust and Improve (Act) In a perfect world, everything goes according to plan. In the real world, glitches are likely. For this step, adjustments are made to improve the corrective action process. Actions are taken to fine-tune the system to the point that nonconformances are reliably detected, evaluated, and resolved.
Actionable Insights Production OTIF by Product Family
WEBJuly 21, 2020. In our previous Actionable Insights blog, we discussed the Inventory Data Health Action Center. Next, we will provide an overview of the Production On Time and in Full by Product Family Action Center as well as the associated key performance indicators (KPIs). One of the most effective ways to ensure a customer’s satisfaction
MedTech’s Shrinking Margins QAD Cloud ERP Blog
WEBThe medical technology industry creates and supports nearly two million jobs across the United States.It is one of the few industries in the U.S. that is a net exporter and it continues to flourish. However, in recent years, changes to health care policy, such as the Affordable Care Act (ACA), have altered reimbursement rules and raised taxes.
Actionable Insights: QAD Action Centers Overview QAD Blog
WEBQAD Action Centers are role-based dashboards that include real-time actionable insight into the current status of the business. They offer next-generation analytics that help managers and users easily monitor metrics and Key Performance Indicators (KPIs) for their areas of responsibility. The built-in analytics read data directly …
10 Questions to Assess Manufacturing Plant Effectiveness
WEBOne of the most effective ways to ensure efficient manufacturing operations is to focus on quality. High quality output helps keep the plant on schedule, ensuring on time delivery for happier customers. Good quality helps control costs by reducing scrap and rework. Every step you take to promote quality also helps with safety, which go hand in
Metrics that Matter: Inventory Effectiveness QAD Blog
WEBManaging inventory effectively is a delicate balancing act, affected by lead times, supply chain efficiency, demand variability, product complexity, product life cycles, warehouse space and practices, among other variables. It is critical to monitor inventory effectiveness using five key metrics: Expedited orders, inventory turns, obsolete
Adapting to Manufacturing Disruption: A Strategic Life
WEBWatch our on-demand, 4-part series on how to be an Adaptive Manufacturing Enterprise with Bart Reitter, VP Life Sciences at QAD, Inc., and Greg Cathcart, CEO of Excellis Health Solutions. Each 30-minute episode will present a different strategy to help your business become more adaptive and more likely to thrive. Part 1.
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