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…
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…
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…
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…
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…
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.…