From a cost of doing business to a source of advantage
Improving patient care and outcomes while reducing costs can be a difficult balancing act. Especially if you’re in the medical device manufacturing business. You’re already wrestling with increasing margin pressures and product complexity, changing distribution networks, globalization and tough regulatory requirements. Consider these six potential remedies:
- Re-engineer processes
Consider centralizing shipment planning and execution to boost shipping efficiencies. Implement processes to manage and report on performance, and use network optimization tools to optimize your network. Use visibility tools to track products and events and consider co-locating packaging and warehousing.
- Step up regulatory compliance efforts
Make sure your packaging, transportation and distribution systems meet all regulatory requirements, including FDA regulations, Good Manufacturing Practices, C-TPAT certification and international industry standards.
- Be ready for changing transportation and distribution requirements
Be able to warehouse, fulfill and deliver orders across distribution, retail, end-user and primary care channels. Your warehouses should be compliant, secure and able to distribute parts, components and products wherever they’re needed.
- Enhance visibility
Get the visibility you need to align inventory levels with supply and demand and stay on top of delivery status across the value chai
- Tune processes to adapt to product complexity
From just-in-time manufacturing, sequencing, line-side delivery and packaging to kitting, labeling and managing recalls, a trusted 3PL can help simplify operations.
- Go Lean
Leverage Lean principles and practices to enhance quality, eliminate waste, and adapt seamlessly to shifts in demand and handle multiple products and SKUs.
To learn more about how you can optimize your medical device supply chain, read our full blog post here.