Medical Device Qualified Supplier Directory

 

Addressing Market Challenges: Are You Leveraging Your Contract Manufacturer’s Expertise?

The imbalance between supply and demand continues to challenge medical device manufacturers. Rising costs, materials constraints and logistics delays have become “givens” in today’s manufacturing environment. In the outsourcing realm, contract manufacturers are being tested as never before. However, there is one major difference. Most OEMs’ business models revolve around product innovation and an ability to dominate their market niches. Conversely, the contract manufacturing business model revolves around manufacturing expertise and ability to rapidly transform customer orders to delivered products. As a result, there is greater incentive in the contract manufacturing model to find ways to mitigate current challenges. Contract manufacturers who are vertically integrated and expert at addressing logistics challenges may fare better than companies dependent on a broader supply chain to produce and deliver a finished product. Contract manufacturers with a focus on continuous improvement may be better positioned to offset higher costs or increases in shipping lead-time with improvements that shorten manufacturing cycle time.

Forefront Medical Technology, a specialty contract manufacturer with a focus in disposable diagnostic, drug delivery systems and medical device systems, feels there are four areas where a contract manufacturer’s capabilities may be able to improve outcomes in the current market:
  • Product launch
  • Vertical integration
  • Continuous improvement
  • Logistics management.
This whitepaper looks at each of these areas and discusses ways Forefront’s team applies their expertise.



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Forefront Medical Technology

http://forefrontmedical.com/
E: [email protected]
T: (860) 225-7610

Address
35 Joo Koon Circle, Singapore, 629110, Singapore
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China: Business Development & Technical Sales Office
Pudong, Shanghai
200120
China
T +86 021-5175 1516 / +86 021-5

China: Manufacturing, Forefront Medical - Changzhou
No.8 Chang Yang Road
Wujin Economic Zone
Changzhou
JiangSu Province
213149
China
T +86 519 8333 8999

Forefront Medical - Xiamen, Xiamen Export Processing Zone
Hai Cang Hai Jing Dong Road
No. 28
Xiamen
China
T +86 592-3675888

Singapore: Corporate HQ, Technical Design Center and Manufacturing
35 Joo Koon Circle
6th Floor
Singapore
Singapore
T +65 63493888
F +65 68623833

USA: Business Development & Technical Sales Office
Farmington, CT
06034-1234
United States
T (860) 255-7610
F (860) 674-8168

 
 
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