How to navigate an uncertain future June 23, 2020 A digital roadmap is key to the agility today’s life sciences manufacturers need Life sciences manufacturers are facing extraordinary times. Astonishing levels of agility, scalability and flexibility have been required over the past several months. And these demands are likely to continue for the foreseeable future.It can be difficult to anticipate the quality and operational challenges you’ll face over the next month, let alone the next year. But one plan you can’t afford to abandon is your digital strategy. Why Digital Transformations Still Matter Digital transformation has been a quality buzzword for some time. Far from diverting resources to those efforts, now is the time to fortify your approach, especially where your quality management system (QMS) is concerned. A robust digital QMS is a necessary tool for safeguarding patient safety and product efficacy. But it can also contribute to greater efficiency, speed and responsiveness—capabilities you need more than ever.One of the greatest benefits of a digitally mature QMS is its ability to drive manufacturers toward proactive quality, which enables: Agile, integrated, scalable quality systems across your organizationPreparation for and adherence to regulatory and industry trendsPredictive analytics to power strategic decision-making Streamlined process and operations to optimize total cost of quality The Benefits of a Proactive Approach Proactive quality is more than a means to achieve compliance. It can help you gain real-time insight into operational efficiency and productivity. Life sciences manufacturers who take this stance are better prepared to meet the needs of today’s complex, shifting landscape.KPMG Global Strategy Group estimates that many manufacturers spend about 40 percent of quality resources on “reactive activities” such as corrective actions and complaint handling.1By shifting those resources to a proactive approach, powered by a digital QMS engine, you can gain or improve— Real-time analysis of data from your operations systems (LIMS, MES, ERP, CRM)Proactive resolution of process and product deviations and nonconformancesSignal detection to identify trends for effective root cause analysis According to a recent report by Deloitte Insights, life sciences manufacturers who embrace smart technology such as digital automation, IoT connectivity and flexible processes—all hallmarks of a cloud-based digitally mature QMS—could see up to a 90% reduction in the time required to release a new product to market.2 How to Start Your Digital Journey While a fully digital approach offers the most benefits, not every organization is ready to move full speed ahead. Fortunately, you have options.Your first step should be to identify your key challenges and opportunities. Next, consider your short- and mid-range goals—say, for the next 3 to 5 years. With these details and an understanding of the strategic goals and priorities of other stakeholders, you’re ready to determine which path is right for you.Whatever you do—do something. Gartner notes that failure to modernize creates a competitive disadvantage and limits your “ability to optimize existing processes or create new products with digital approaches.”3 Make Your Move Even a small step forward can reap big rewards. But it can be a difficult decision. That’s why we’ve put together a guidebook, Three Paths to Proactive Quality, to help TrackWise customers navigate the digital journey. 1Handor, Camal; Kapadia, Anuj; van den Heuvel, Roger; van Zijl, Frobert. “Quality 2030: Quality Inside.” 2019. KPMG International Cooperative. https://assets.kpmg/content/dam/kpmg/xx/pdf/2019/09/quality-2030-quality-inside.pdf. 2Reh, Greg. “2020 Global Life Sciences Outlook.” 2020. Deloitte Insights. https://documents.deloitte.com/insights/2020globallifesciencesoutlook. 3Gandhi, Animesh; Holmes, Brad; Shanler, Michael; Smith, Jeff. “Business Drivers of Technology Decisions for Life Science Organizations.” January 22, 2020. Gartner. https://www.gartner.com/en/documents/3979846/business-drivers-of-technology-decisions-for-life-scienc. Share via: Twitter LinkedIn Facebook Email
EVENT BMWS Bio Manufacturing World Summit 2024 Join us at the Biomanufacturing World Summit to discover how our advanced life sciences manufacturing solutions can help enhance operational efficiency. Learn more
EVENT Pharma’s Digital Transformation: Navigating the Value Chain from development to Patient | PDA Italy Discover how a global CDMO drives digital transformation through the digitalization of multiple manufacturing plants using a Manufacturing Execution System. Learn more
ON-DEMAND Revolutionizing Recall Management in Life Sciences Recalls are expensive. They can impact public health and brand’s reputation very quickly. Watch this recent on-demand to learn new ways to address Product Recall challenges. We will discuss new ways an organization can potentially mitigate recall risks as well as how to leverage new innovative solutions to drive a more efficient and effective recall management process. Learn more
BLOG 3 Types of Batch Technologies to Maximize Productivity and Profitability Productivity and profitability: Two words that are constantly at the forefront of every manufacturer’s mind. How can I make my operations, systems, and processes more productive and profitable? What new tools are available to help improve productivity and increase profitability? Learn more
BLOG The Evolution of MES: Why Honeywell’s New Manufacturing Excellence Platform Is a True Game-Changer for Pharmaceutical Manufacturing Manufacturing Excellence Platform takes the concept of a Pharma Manufacturing Execution System to a whole new level. Yes! It is that amazing Learn more
BLOG Honeywell’s Manufacturing Excellence Platform: Shaping the Future of Life Sciences Today Honeywell continues to push the boundaries with the recently launched Manufacturing Excellence Platform. As mentioned in our previous... Learn more
WHITE PAPER 99% Of Life Sciences Organizations Are Embracing AI. Are You? Life sciences organizations are enthusiastically embracing AI, but concerns over talent, skills, and data quality highlight the limitations of an in-house approach. Download this latest white paper to learn more. Learn more
EBOOK Accelerating Data-Driven Outcomes in Life Sciences Life sciences companies must adopt a strategic digital transformation approach, leveraging diverse data sources, data fabric, and dedicated business applications to remain competitive and agile. Download this Frost & Sullivan eBook to explore recent industry trends and how integrating data supports the progression toward Life Sciences 4.0 Learn more
ON-DEMAND TrackWise Electronic Logbooks With paper-based logging often leading to inefficiencies and compliance risks, it’s crucial to explore modern solutions. Watch our latest webcast, to see how the right e-Logbook can address these challenges and optimize your operations. Learn more
ON-DEMAND Using Batch Historian Technology to Accelerate Data-Driven Manufacturing Optimization Join our webinar to explore how Batch Historian technology can streamline data capture and reporting, enabling faster, informed decision-making. Register Now! Learn more
WEBINAR Revolutionizing Life Science Recalls Explore how the latest innovations in data fabric technology can revolutionize product recall management, ensuring future-ready, agile and effective recall processes. Learn more
EVENT 7th Annual European Medical Device & Diagnostic Quality Assurance and Regulatory Affairs Conference Unlock tomorrow's standards today by innovating, collaborating, and leading at the Quality Assurance and Regulatory Affairs Conference! Join leading Supplier Quality Management (SQM) and QA/QC professionals for 2 days of interactive sessions, expert discussions, and networking opportunities aimed at advancing regulatory compliance and minimizing quality risks in the medical device industry. We are Bronze Sponsors of the 2024 Medical Device QA & SQM Conference, Belgium. Learn more
WEBINAR Discover How Gedeon Richter Transformed Their Quality Management Hear how leading European Pharmaceutical and Biotech company Gedeon Richter successfully implemented a digital quality management system to support their business goals and patient-centric mission. Learn more
WEBINAR AI-Driven Innovation: Redefining Quality Management in Life Sciences Take a deep dive into the confluence of AI and life sciences, exploring how artificial intelligence is poised to revolutionize the realm of quality management in the sector. Learn more
EVENT Honeywell Life Sciences Innovation Days Honeywell invites you to join us for one of our Life Sciences Innovation Days, a series offered throughout the globe in 2024. We will present a variety of process innovations to support the digital transformation of life sciences manufacturing. Themes will include orchestrating systems and data, preventing and containing cyber incidents, quality control and management, modular automation, and the Honeywell life sciences roadmap. Discussion will address streamlining manufacturing, creating batch records, and fulfilling regulatory reporting requirements. Learn more