Medical device and scientific instrument manufacturers face challenges on many fronts. The pace of new product development – a key lifeline for any medical device company – has never been faster. Regulatory requirements from government agencies worldwide continue to grow in number and complexity, as do reimbursement policies and legislative demands. On top of it all, competition is relentless, with companies that drop behind in the aggressively competitive race-to-market positioned for acquisition.

Medical device and scientific instrument manufacturers need to transform business processes to confront these daunting challenges for competitive advantage and shareholder value creation.

Critical to enabling transformation are three strategic imperatives: institutionalizing compliance across core processes, embracing operational excellence from the supplier to the customer, and innovating with partners worldwide to accelerate new product and process development.

With the SAP for Life Sciences solution portfolio, medical device and scientific instrument manufacturers can:

• Institutionalize compliance – Holistically institutionalize compliance across your financial, operational, environmental, and global trade processes throughout your enterprise, while lowering your cost of compliance.
• Embrace operational excellence – SAP solutions for e-sourcing and procurement, supply chain management (SCM), and compliant manufacturing operations enable you to embrace operational excellence, improve efficiencies, assure better quality, and drive superior performance across your enterprise – from the supplier to the customer.
• Scale innovation processes – Improve your R&D productivity and scale innovation with business partners worldwide through better collaboration and improved business processes – from drug development to commercial operations, product and portfolio management, clinical trial supply management, regulatory submissions and pharmacovigilance, product safety, and complaint management.

SAP for Life Sciences is the solution of choice for leaders in the medical device and scientific instrument manufacturing industry. SAP's business process platform (BPP) and enterprise services enable medical device and scientific instrument manufacturers to design, deploy, and scale innovative business processes rapidly, at the lowest total cost of ownership (TCO), while leveraging current investments.

With SAP, you can institutionalize compliance, embrace operational excellence, and scale your innovation processes for competitive advantage.