A Closer Look at the Importance of Quality Critical Inspection Take a moment to imagine the idea-to-market development process for one of your devices. Starting at the concept phase, you move through design iterations, which culminate in final specifications. Your new product is then manufactured for the first time using component parts developed…
The Key to Finding Synergies in Mergers and Acquisitions If you are pursuing growth through strategic merger and acquisition activity, ask yourself: what is the best way to realize the full potential of operational synergies? Taking a close look at how—and why it matters—is crucial to success. Mergers and acquisitions offer the…
Fuel Growth with a Strategic Move to Reduce Complexity, Manage Risk, and Maximize Liquidity Any truly successful business focused on profitability recognizes that more revenue and greater efficiency together will improve the bottom line like nothing else. Hungry for that improved bottom line, medical device manufacturers pursue the capture of more market…
Successfully Navigating the Challenges of Compliance As a medical device manufacturer, you have one priority that takes precedence over all others: getting to market as quickly as possible to help patients—without, of course, sacrificing quality, safety, or outcomes. Actually getting to market quickly, though, is far from simple. What usually gets in the…
Simplifying the Complexity of Rapid Growth There was a time—not so long ago—in medical device manufacturing when the pursuit of topline revenue growth at almost any cost offered a sure path to success. To grow topline revenue, OEMs sometimes launched new products while legacy versions still flooded the market (some still do).…
Sustaining Velocity: Four Key Considerations for OEMs In highly competitive industries—like orthopedic device manufacturing—time to market matters. Often, victory goes to those who can launch, produce, and deliver innovative products the fastest while maintaining the highest level of quality possible. This pressure forces OEMs to create and sustain velocity. Yet that’s easier…
Top Ways to Free Working Capital to Invest in Innovation Growing your business requires striking a careful balance between having access to free cash and optimally reinvesting resources in your future. Why? To answer that question simply and clearly, let’s look at the relationship between reinvestment, working capital, and growth. First, working…
Four Ways to Counter the Pain of Rapid Growth James Cash Penney, who founded JCPenney in 1902, once said, “Growth is never by mere chance; it is the result of forces working together.” Though his quote comes from another time and sector, it’s as relevant today for the orthopedic medical device industry as…
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…
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,…