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Quality, Compliance and Regulatory » Assuring Quality Programs
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119 Data Graphics
36 Best Practices
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Medical Device; Pharmaceutical; Health Care
3M Pharmaceuticals; DePuy Synthes; Baxter Healthcare; Atri Cure; Beckman Coulter; BMC Medical; Becton Dickinson; Bio Tek; Boston Scientific; Cook Medical; Covidien; Endologix; Edwards Lifesciences; Helmer Scientific; Ethicon; GE Healthcare; Medtronic; BARD; Haemonetics Corporation; Invacare Corporation; Lake Region Medical
· Quality Spend/2014 Revenue: On average, participating companies spent about 3.0% of 2014 revenue on the Quality function. For large companies, the average was 2.12%, with a high of 4.24%.
· Resource Allocation Trend: Nearly half the benchmarked companies expect a rise in budget allocation for Product Support activities within the next two years, but most expect flat or decreasing spend for other activity channels. Non-Conforming activity spend is expected to decline at 36% of companies.
· Future Quality Staffing Trends: In the next 24 months, 37% of benchmark participants expect to see reductions in the number of Quality FTEs, and an equal number expect staffing levels to remain flat. Just over one-quarter expect to see any increase. Among large companies, 55% expect to lose staff and none expects an increase.
· Compliance Leads Top Challenges: The benchmark class identified regulatory issues or compliance (24%), operations/processes/structures (22%), and talent management issues (18%) as the top three types of industry challenges facing them in the coming 12 to 24 months.