The Tug-of-War Between Time to Market and Quality Processes Let’s be honest: how much time are you factoring into your product launches for package design and validation? For manufacturers, success in launching new devices and product lines depends heavily on being fast (and sometimes first) to market. After all, even once product development is…
Three Reasons Validation Expertise Can Speed Time to Market Without Compromising Quality Like a high-wire act, package design and validation can be fraught with risk. Not only does the process include multiple potential pitfalls, it can also involve setbacks that can continually push back market launch dates. Time to market, of course, is crucial…
Control Costs by Reducing and Recouping Your Lost and Expired Inventory How can you better control costs through inventory management? In the orthopedic medical device industry, as in every sector, a lot of attention is paid to costs. Labor, sales and marketing, product development, materials, and production are all cost centers to be analyzed…
Addressing the Consequences of High-Cost Labor In any industry, a business’s greatest asset is its people. People advance innovation and drive productivity. And while of course talent and labor are essential to what you produce and how you do it, high costs can imperil your profitability and hinder your growth. That’s especially relevant in…
Reclaim Inventory by Getting a Handle on Your Field Returns Do you have more inventory out in the field than in your finished goods warehouse? If you do, you’re not alone. If you’ve ever found yourself in this situation, you know it puts you in a bind. Maybe you can’t support a surgery scheduled…
Why Making It Vs. Buying It Doesn’t Equal Free Managers and leaders in every industry struggle with a common decision about capabilities: should I make them, or should I buy them? From software to services, companies have to decide whether or not doing something in-house is financially or competitively advantageous. Making the best decision…
Drive Down Inventory Costs with Better Loaner Kit Management What happens at your facility when a loaner kit returns from the field? Do you have a dedicated operations cell in charge of kit inspection? Or do you have employees inspecting kits while managing a host of other duties? Often, kits and consignment inventory sit…
Why Outsourcing Could Be the Key to Your Growth When you’re looking to accelerate growth, you focus on opportunity and optimization. Well-planned, well-managed growth is attained through cumulative success in patient outcomes, innovative products, and increased market share. It also comes through operational optimization that generates higher profits and an increase in working capital. Fueling…