Do Your Contract Manufacturer’s Capabilities Support Your Manufacturing Regionalization Strategy?
strategies continue to grow in popularity. Gone are the days of shifting
outsourcing to the lowest cost emerging market location. Today, most companies base
sourcing strategies on a complex equation of factors driving total cost. When
all these factors are considered, locating manufacturing within regions close
to each end market often results in the greatest degree of responsiveness to
market demand and lowest total cost. The underlying logic behind any
regionalization strategy is that proximity to the end market reduces logistics
costs and complexity; reduces raw material and finished goods shipping time;
decreases finished goods safety stock requirements; and contributes to superior
quality by minimizing unnecessary handling, transport and inspections.
The question becomes: can the
contract manufacturer your company selects enable your company to leverage the
benefits of a regionalization strategy in your chosen end markets?
In this whitepaper, Forefront Medical Technology, a specialty contract
manufacturer with a focus in disposable diagnostic, drug delivery systems and
medical device systems highlights several areas to evaluate in determining
whether or not a supplier’s capabilities are likely to deliver lowest total
cost of ownership (TCO).
For more information contact Forefront Medical Technology
E: [email protected]
T: (860) 225-7610
F: (860) 674-8168
35 Joo Koon Circle, Singapore, 629110, Singapore
Forefront Medical Technology
Contract Manufacturing Services Filters and IV Products IVD Molding Services and Equipment Tubing and Extrusion
Product assembly R&D, design, prototyping Sterilization Surface modification, coating Welding, sealing