The Life Sciences industry is seeing a rising demand to go digital and embrace new technologies. This is because Life Science organizations are facing pressure to produce faster while maximizing quality in adherence to regulations.
PLM in Life Sciences:
What is the solution to several regulatory bottlenecks and other factors that slow down the processes? Product Lifecycle Management (PLM) is a collaborative platform for pushing ideas through optimized product development, resulting in the launch of successful products in a streamlined manner. The entire R & D process is streamlined through the Oracle Agile PLM implementation, allowing scientists to concentrate on their core work.
A Single Database:
Technical reports are made from the laboratory tests data and are then stored within a document management system. The collaboration tools enable users to distribute and collate the data, and then the information is manually re-written and transferred to the manufacturing and supply chain. This whole process involves a lot of clerical work, increasing the risk of human error. This also reduces productivity and removes the focus on more urgent tasks.
An Oracle Agile PLM solution provides a single database to store data as a single source of truth and a general platform to access the data. The platform also provides enhanced search capabilities to find historical and older data, so it does not get lost.
Missing benchmark result data due to human errors can result in re-runs of costly experiments. When data gets lost in the expansive file-based storage systems, it can become almost impossible to locate. This document-centric approach involves a lot of manual rework to maintain multiple versions of the same data. This makes it impossible for global teams to reuse information and collaborate on product development.
A PLM solution provides an organizational system with real-time access for anyone in the organization. Through PLM, collaboration enhances among teams and third parties to work seamlessly on real-time data.
In Pharmaceutical compounds, a change in the properties of one substance can impact multiple compositions. This information is mostly shared through emails to a closed group of people. The lack of systemic processes to review, approve, and communicate any changes throughout the company results in workflow chaos. Due to the lack of integrated workflow between multiple teams, incorrect information spreads more freely.
An Oracle Agile PLM platform allows you to establish robust processes, approvals, and standard operating procedures, integrating all the departments and people in the organization. This allows everyone to adhere to set standards along with a platform supporting real-time discussions and reviews.
Better Project Visibility:
Due to an insufficient proper system in place for data storage, project managers can lose track of the real-time status of a project. Inadequate data availability gives managers poor visibility of their projects and hinders them from making informed decisions.
The Oracle Agile PLM solution provides intuitive, real-time dashboards for effective project tracking, calendars, schedule and deliveries management, and improved decision making. This allows for better project visibility allowing for seamless flow of operations.
Pharmaceutical products, research and development, and manufacturing processes must comply with multiple global and local regulations to reach the end-user market. This makes it essential for pharmaceutical companies to comply with several regulations at the same time.
Through the PLM platform, organizations can track product compliance for different regulations simultaneously throughout the entire product lifecycles and structure documents according to regulatory compliance.
Life sciences-focused Capabilities:
Every industry has its own customized needs regarding data management and storage and regulatory rules and regulations. Pharmaceutical companies require focused data management and straightforward submission of documents to regulatory authorities. This allows them to reduce the time to market, obtain authorizations, and manage renewals or variations.
Oracle Agile PLM provides organizations with life sciences-focused capabilities to support clinical trials, storage, indications, medical dictionaries, and definitions to expedite submissions and authorizations.
The demand to develop tools and processes for effective data management and collaboration is on the rise in the pharmaceutical industry. They require tools that help them integrate products, processes, and people seamlessly. Several life sciences enterprises are choosing Oracle Agile PLM vendors for their unique needs. Through PLM integration, these enterprises are now more effective in tracking their organizational processes through a comprehensive, accurate, up-to-date dashboard of their organization’s activities.
Xavor Corporation has spent 25 years digitizing the life sciences industry and enabling them to perform at their best potential.