The Supply Chain Reckoning for the Med Device Industry An unprecedented year is coming to a close. Among many other things, it’s been the year of supply chain reckoning in the medtech industry. The first warnings came in February as shutdowns in China created pressure on sourcing, and the disruption only…
Managing Supply Chain Risk in Your COVID-19 Recovery As the pandemic has unfolded over the last eight months, it has brought to light supply chain vulnerabilities across industries. Some have been temporary as suppliers adjust to increased demand. Others have more wide-ranging consequences as they create disruption or significantly lengthen lead times. …
Maximize Case Coverage with Inventory Utilization This has been an unprecedented year in so many ways. While acknowledging the devastating loss of life in the pandemic and the economic and political turmoil that has ensued, we’re focusing this article on how the year has unfolded for medical device companies. In addition, we’ll look…
Open for Business – Millstone’s New Fall River, MA Facility Expansion Millstone Medical Outsourcing is pleased to announce the completion of construction on its new Fall River, Massachusetts facility expansion. The state-of-the-art building adds 60,000 square feet to Millstone’s Headquarter Campus, bringing the total to 120,000 square feet. Replacing an older, smaller…
Giving, Caring and Preparing During COVID-19 For the last few weeks, as the COVID-19 emergency has unfolded nationwide, we at Millstone have sought ways to respond that can support and express solidarity for our colleagues in the medical industry. We have focused on the safety and wellbeing of our staff in Fall River,…
Three Ways Outsourcing Benefits the Bottom Line While Reducing Risk As the global market for medical product manufacturing grows, so does the market size for associated outsourcing services. While there are several influences at work, the main drivers for market growth are ever-increasing device complexity, the evolving regulatory oversight environment, and the intense…
Performing Continuous Risk Management for the Full Product Lifecycle Risk assessment and management is an integral part of any successful medical device manufacturer’s strategy. Failure to do so can jeopardize your products’ effectiveness, reliability, quality, and safety. Yet unfortunately risk management is sometimes viewed through the single vantage point of fulfilling regulatory requirements…
Balancing Your Focus on Innovation with Your Legacy Production Over the last 18 to 24 months, a new wave of innovation has crested over the orthopedics market, and OEMs are actively bringing more new products to market. Innovation, of course, is essential to progress, especially in the medical device industry. The fiercely…
The Benefits of Being More Strategic in Instrument Set Building During your most recent product launch, when did your team focus in on set building? Early on, sometime in the middle, or quite late in the planning process? Set building, of course, is the process of creating the instrument sets needed by…
Four Benefits of Simplifying Nationwide Pharmaceutical Distribution Finished goods distribution, whether for medical devices or pharmaceutical products, can present significant administrative challenges. These can include the complexities of coordinating inbound supply, packaging, maintaining regulatory compliance, and getting finished goods where they are needed quickly and safely. Pharmaceutical product distribution, though, involves an extra…