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Risk Management

Risk Management

More complex medical devices equate to heightened risks. Device manufacturers must be able to effectively use design/failure data as the basis for analyzing product reliability and diagnostic capabilities. Furthermore, med-tech companies must accurately predict support costs during the design phase to avoid significant variances in actual support costs and profitability.  

With our risk management solutions, automatically generate and map dependencies from product architectures, thus enabling your medical device engineering teams to design products for support rather than relying on fielded feedback. The end result is improved system reliability, decreased maintenance, and a logistics footprint with a predicable cost of ownership.

More complex medical devices equate to heightened risks. Device manufacturers must be able to effectively use design/failure data as the basis for analyzing product reliability and diagnostic capabilities. Furthermore, med-tech companies must accurately predict support costs during the design phase to avoid significant variances in actual support costs and profitability.  

With our risk management solutions, automatically generate and map dependencies from product architectures, thus enabling your medical device engineering teams to design products for support rather than relying on fielded feedback. The end result is improved system reliability, decreased maintenance, and a logistics footprint with a predicable cost of ownership.

Risk Management

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Medical device manufacturers must be able to effectively use product architecture data as the basis for analyzing reliability and developing diagnostics of the whole product. By enabling our integrated design for support platform, med-tech companies can increase system reliability while decreasing logistics, all which contribute directly to the bottom line cost of ownership.

Our solutions help analyze and understand the critical nature of functional risks in design configuration and establish the potential impact of device failures on both organizational operations and the overall cost of ownership. By being prepared to mitigate risk and anticipate how it could impact system costs, safety and availability, medical device companies stand to emerge as leaders within the industry.

Risk Management

Lösungsfunktionen

Explore the key areas of this solution.

Bill of Materials Management

Configure basic or complex BOMs with greater flexibility with a common source of device information.  Our BOM management solutions help your medical device organization meet and exceed the market demand for more innovative and varied product offerings.

Hazard & Safety Management

Manage hazard and safety practices with system reliability modeling that allows your medical device organization to model the expected product behavior and evaluate the impact of potentially associated risks.  Ensure preventative fault detection, providing a proactive means of creating devices immune to failure.

Mechanical Design Management

Easily find parts and assemblies created in other tools within your preferred MCAD environment while modifying and incorporating them into multi-CAD assemblies or product designs. Automate engineering change, validation, and approval processes at your med-tech company.

Product Architecture & System Modeling

Capture your product architecture data within the product lifecycle, enabling your med-tech company to have complete visibility into design decisions. This provides connectivity across the entire device lifecycle.

Product Requirements Engineering

Drive the development process while generating reports, documentation, and dashboards to manage the requirements process. Create, view and edit product requirements directly from familiar applications for an integrated development process across the entire device lifecycle.

System Simulation

Address system complexity and integration from early medical device design phases through market readiness with our simulation solutions for the med-tech industry.

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