<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

Microsoft Dynamics Business Central is a business management solution, otherwise known as an Enterprise Resource Planning (ERP) solution, designed for small and mid-sized businesses to automate and streamline business processes.
Can you remember when you last set up the data in your current NAV or Business Central system? Whether this happened many years ago or more recently, an essential part of the process is to enter master data and opening balances. We hope that you did not enter this large volume of data manually and instead used the data migration functionality within Business Central to validate and import the data in the Excel spreadsheets into your system.
I have been privileged enough to have had a career spanning a significant number of years in operations within manufacturing and distribution—first in the motor industry and then into the fast-moving consumer goods (FMCG)— with multiple roles covering most aspects of the product supply chain. For a long time, I have been a strong advocate of maximizing a solution as far as possible to drive real operational improvements, thanks to my exposure to ERP solutions for over 20 years.
Working with Microsoft Dynamics GP? You probably already know that one of the key advantages of aligning your business processes with Dynamics GP is the incremental amount of time it allows you to save. That said, a deeper dig into Dynamics GP’s tools and features can help you prevent losing out on opportunities to save even more time.
right-arrow share search phone phone-filled menu filter envelope envelope-filled close checkmark caret-down arrow-up arrow-right arrow-left arrow-down