The online source for news in medical device and innovation, MedTech News, published a feature about Propel's product information management (PIM) platform with regard to its value for medtech companies in particular.
"Supplier management is one of the critical processes, especially today with risks of availability, off-shoring, and increased costs. This demands seamless collaboration with original equipment manufacturers (OEMs), distributors and the entire value chain across product, process, and documentation. Propel enables a partner community for companies to provide secure access to relevant information across their supplier base. The outcome is shortened cycle times from accelerating the collaboration between suppliers and manufacturers, sharing intellectual property securely (no more emails and drive shares) and ensuring everyone is working on the correct product and quality data - all while helping suppliers improve their responsiveness and performance.
Many medical device companies were affected during the pandemic, as supply chains faltered and inventory shortages became the norm. Having a cloud-based product and quality platform, enables med device companies to keep business continuity by staying seamlessly connected between manufacturing teams, third-party logistics, and their supply chain partners. With inventory knowledge at all times, companies can pivot to avoid having to make stop shipping decisions."