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| William J. Bergen, President & Chief Executive Officer, MicroGroup, a solution provider company at the marcus evans Medical Device Manufacturing Summit Spring 2012, on efficient process management. |
NEW YORK, N.Y., May 24, 2012 - (ACN Newswire) - Medical device manufacturing executives are currently challenged with getting products to market faster; however with increased FDA regulatory requirements and validations, they must ensure that the manufacturing processes are robust, says William J. Bergen, President & Chief Executive Officer, MicroGroup. Effective and timely communication at each stage of production is crucial, he adds.
From a solution provider company at the upcoming marcus evans Medical Device Manufacturing Summit Spring 2012, Bergen discusses product development and globalization in the medical device sector.
- How can medical device manufacturing industry executives shorten time to market?
The big challenge for all medical device industry executives is time to market and the ability to move quickly, with high quality goods, from the prototype through the commercialization phase. It is essential that devices are both effective for patients and cost effective.
Efficient process management is also crucial when discussing time to market. Medical device industry executives must evaluate and control process risks through quality planning and production control systems. This will allow them to develop new products rapidly and meet the ever-increasing requirements of the marketplace and the various regulatory bodies.
- When speeding up their approaches, what do executives often miss out?
With the increased FDA and other regulatory requirements and validations, they must ensure that the manufacturing process is robust and repeatable. Therefore, effective communication with all parties at each stage of production is crucial along with selecting the "best fit" materials and production techniques.
- What does it take to prosper in today's competitive marketplace?
They key is in delivering the product performance needed, at the price the market requires. This involves having the necessary engineering talent and machine sophistication to handle the requirements, without over-designing and over-engineering the parts.
By having a very keen focus and the appropriate equipment to incorporate design for manufacturability into all aspects of the product design phase, executives will be able to understand the optimization continuum between costs, tolerances and manufacturing capabilities.
- What does the future hold for medical device executives?
Healthcare expenditures are rising globally but under increasing cost scrutiny, creating an enormous opportunity in the globalization of the medical device sector. Many US products are being re-adapted to meet the needs of patients in Europe, Latin America and Asia.
To accomplish this, medical device industry executives must optimize engineering design and manufacturing to drive the performance of specific patient needs, and set the correct price according to marketplace demands.
About the Medical Device Manufacturing Summit Spring 2012
Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The Summit includes presentations on investments and technologies heading overseas, keeping up with the global emerging regulatory systems, and staying at the forefront of the industry. For more information please send an email to info@marcusevanscy.com or visit the event website at www.medicalmanufacturingsummit.com/WilliamJBergenInterview
marcus evans group - manufacturing sector portal - http://tiny.cc/FWbg2b
Please note that the Summit is a closed business event and the number of participants strictly limited.
About MicroGroup
For over 40 years MicroGroup has focused on using Speed and Precision to rapidly deliver the highest quality metal components and assemblies to our customers. Both of our facilities have world-class capabilities and equipment, combined with excellent quality systems. A particular strength is the breadth of our in-house capabilities which when combined with our extensive inventory of over 7,000,000 feet of raw material enables us to rapidly deliver parts while maintaining the quality control and cost effectiveness our customers need. www.microgroup.com.
Contact:
Stacey Melvin,
Journalist, marcus evans, Summits Division
Tel: + 357 22 849 400
Email: press@marcusevanscy.com
Topic: Research / Industry Report
Source: marcus evans Summits
Sectors: Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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