Medical device manufacturing thrives on innovation from startups and smaller businesses while demanding substantial profitability. Outdated tracking systems struggle with data, pushing manufacturers to adopt modern ERP software for sustained ROI. This mirrors challenges faced by startups in various sectors, aligning with the Fourth Industrial Revolution’s impact on manufacturing and strategies for growth.
With ERP software, contract manufacturing companies can automate and streamline core business processes, including production planning, inventory management, supply chain management, and financial management. By doing so, they can reduce costs, eliminate manual errors, and improve collaboration among team members.