Business strategy and forecasting influence several functional areas within an organization, including R&D, pipeline planning, revenue planning, inventory, resource and budget allocation, project prioritization, compensation plans, market access efforts, and more. These varied uses reflect the first major challenge of forecasting: meeting the needs of varied and diverse stakeholders. Following are three steps to make your forecasting efforts more effective.
Understanding the cost to service by product and by subcomponent will help you identify which service events are the most impactful to the bottom-line financials of the business.
Medtech companies must account for a more complex web of influencers on purchasing.
An overview of the process, actionable strategies and tactics, key considerations, and mistakes to avoid, whether executing in-house or together with an outside expert.
Medical device companies have upped their game in product security and regulatory compliance, but they might not be ready for a catastrophic event.