Description: Identification and modeling of manufacturing process and costs is a step for a company (especially a start-up). These models also enable the ability to properly manage supply chains and other inputs that rely on accurate Bill of Materials and Routings to optimize material, labor and inventory carrying cost. The session will introduce the participants to:• The concept of Design for Manufacturability.
• Structure of modeling that is necessary, and why?
o Iterative approach to modeling
o Variables necessary for ERP systems (labor, machine, facilities, material)
o Integration of manufacturing model with pro forma financial statements
• Manufacturing requirements and documentation to support the regulatory process for the FDA.
These are key steps in commercialization of a new product. There are simpler tasks if these concepts are integrated into the product design or start-up process.
Speaker: Dan Suhr, PhD, Director of Research and Development, Independent Platform LLC
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