Structuring the Medtech Supply Chain for GrowthApril 14, 2016 Topics: Media, News
Posted on April 12, 2016, at Device Talk, a blog by the Medical Device and Diagnostic Industry (MDDI), Steve Simco discusses how medical device manufacturers can build an internal capability for network design to provide a competitive advantage in the face of rising costs and changing dynamics in the healthcare industry.
“It’s likely that disruptive change will continue to define the healthcare industry for the foreseeable future. That’s why a formal supply chain network design capability-whether it’s bought or built-is fast becoming a competitive necessity. It can help medical device manufacturers dramatically reduce costs and improve service levels by, among other things, optimizing their production footprint, product flow, and inventory placement; segmenting demand to align with hospitals’ needs and buying behaviors; and rationalizing supply chains as part of M&A activities.”