<img src="https://secure.leadforensics.com/133892.png" alt="" style="display:none;">

The constant evolution of the Life Sciences industry is steadily making it one of the most strictly regulated ones in the world. An increasing count of novel disease-causing pathogens, long-drawn drug development processes and clinical trials, highly mechanized manufacturing and product tracking processes, a changing political and policy landscape, and consumers’ changing needs are all contributing to this increasing stringency in compliance requirements. The question is - How are advances in technology helping businesses in this industry stay ahead of the curve when it comes to regulatory policy?

 

Mach Medical, an orthopedic medical device contract manufacturer, intends to revolutionize the orthopedic supply chain by using Microsoft technology through its partnership with Columbus. Here’s the expert speak on the topic:

Stephan-RozowStephen Rozow

General Manager, Mach Medical

Matthew BoeseMatthew Boese

V.P. Digital Advisory, Columbus 

Manuel-AdumManuel Adum

Digital Advisory Team,
Columbus

StefanStefan Siwiecki

Enterprise Account Executive, Columbus

In the Columbus Life Sciences Summit 2020’s opening talk, Steve and Matthew underlined the crucial factors one must consider while making decisions around technology solutions in the Life Sciences industry.

Steve highlighted the problem areas that led to the Mach Medical- Columbus partnership, resulting in the former upgrading its ERP solution to Microsoft Dynamics 365 Finance and Operations. He explained how, with Columbus' expertise, Mach Medical plans to leverage Microsoft Dynamics 365 Finance and Supply Chain Management, and Azure Machine Learning, to create advanced analytical models that will be central to its goal of lowering inventory and per-part manufacturing costs.

This session also emphasized the need for industry-specific solutions and the importance of a cohesive tech stack. Steve talked about how evolving technologies can benefit end users, and what will be a realistic timeline to set up Dynamics 365 Finance and Operations for organizations in this space.

In the Microsoft Dynamics Data and Analytics Demo that followed, Matthew and Manuel demonstrated how, after defining the business problem, users could configure Microsoft Dynamics 365 Finance and Supply Chain Management to make relevant data available for analysis. They also explained how to organize datasets to train different Machine Learning (ML) models by setting up 'Build Your Own Device' (BYOD) with Azure SQL, make data-based predictions, and create Power BI dashboards and reports.

Towards the end, in the Tracking and Tracing in Microsoft Dynamics 365 Demo, Stefan talked about the Life Sciences industry cycle, common challenges, and an evergreen approach to overcome these issues. He spotlighted the options that can be made available through Microsoft Dynamics 365 Supply Chain Management such as order booking, tracking test results, and updating attributes and results straight from the app.

Explore all content from the Life Sciences Virtual Summit

Watch Columbus Life Sciences Summit Event Recording

Columbus helps companies transform, maximize and future-proof their businesses through digital innovation. We offer a comprehensive solution portfolio with in-depth industry knowledge, extensive technology expertise, and profound customer insight that help customers thrive far into the future. Reach out to us at us-marketing@columbusglobal.com for any comments or inquiries.

Topics

Discuss this post

Recommended posts

Regulations on the meat industry are higher than many other ones due to the potential risks associated with pathogens stemming from contamination.
Organizations across the world are looking for ways to revamp their businesses with renewed urgency today—thanks to the massive disruption the pandemic has caused (primarily) to their supply chains.
For the healthcare industry, the year 2020 was one of the most demanding ones in recent memory. But the medical device sector did not buckle under the pressure the pandemic created. Instead, it rose to this unprecedented challenge by arresting the dip in its growth to a single-digit figure.
Food manufacturing companies have been having a tough time during the COVID-19 pandemic; primarily in sustaining their day-to-day operations while ensuring food and employee safety.
right-arrow share search phone phone-filled menu filter envelope envelope-filled close checkmark caret-down arrow-up arrow-right arrow-left arrow-down