By: Sandra K. Rodriguez, Market Analyst
Life Science Industry Executive Roundtable – Event Brief
Complex – the one word that accurately describes the current environment in Life-Sciences. As products and manufacturing processes become more complex, managing change comes with a higher level of risk. To discuss the importance of managing change in this complex environment, as well as examine key findings from our latest research on Change and Configuration Management, Axendia brought together a select group of executives from leading Life Science companies for a roundtable in Princeton, NJ.
A primary thread of the discussion was the need for closed-loop Change and Configuration Management (C&CM) strategies. Closing the loop is becoming critical to ensuring product quality throughout the product lifecycle.
The research shows that:
- 63% of survey respondents say their C&CM process is only somewhat effective or useless
- Not a single respondent reported they have an idealC&CM system in place
- 55%report that a slow and cumbersome C&CM process keeps them up at night
- 62% rateregulatory and government agencies as their TOP business disruptor