Idea Management Software

These tools include product and portfolio management (PPM), requirements management, electronic document management, and idea management software. ... Companies can smooth the road to market by improving process definition, workflow, project team structure, and related device development practices. The path to successful product development for medical device companies is rife with roadblocks. The recession has only added to the pressures of mounting regulatory requirements, particularly those from FDA. And then there is the skyrocketing number of product recalls, which reached unprecedented 845 recalls in 2008?up 43% from just a year earlier. No one is immune. Start-ups and multi-billion-dollar companies alike have been hit with injunctions, faced product recalls, or found themselves operating under an FDA consent decree. Device manufacturers are attempting to navigate the convoluted path of regulatory compliance while facing unprecedented pressures for growth. Many of these companies recognize the need to reevaluate their current processes and implement a development approach that meets the requirements for both design control and a fast flow of successful new products. Yet more than half of the firms interviewed in a recent study conducted by our firm, Kalypso, admitted they were falling short of their new product development (NPD) success goals.