A comprehensive medical device commercialization process divides the product development into distinct phases. Regardless of the phase your product is in, your supply chain strategy should be tailored to suit your specific needs. In this blog post, I will describe strategies useful for each product development phase.
Medical Device Supply Chain strategies have been evolving since the 1990s. It started with the famous “Pick two from: better, faster, or cheaper”. You could not have all three… Then in the 2000s with the rapid expansion of high-tech companies, the medical device supply chain strategy umbrella expanded to include better, now, cheaper, agile, global, […]
Having overcome the challenges of transferring a product design into manufacturing, it is time to enter a new process cycle. At this stage, Supply Chain Reports are essential to assess and monitor costs, processing and material flow. Supply Chain Reports can be a great source of data, providing insight into how processes are going, and […]
Manufacturing low volume, high complex medical device products requires sourcing highly customized and expensive parts. This makes it hard to extract good value from your medical device supply chain. While high-volume production enables economies of scale, low volume custom-made production involves fewer parts to absorb product development, tooling and production equipment costs.
The most common question supply chain professionals get from clients is “How can we reduce the cost of this project?” Cost reduction is always a challenge – especially in a low volume, complex manufacturing environment.