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Article: Contract manufacturers aid in enabling supply chain optimization.(Emphasis On Contract Manufacturing)
- Article from:
- Medical Design Technology
- Article date:
- May 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 Advantage Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Medical device OEMs can partner with contract manufacturing firms to optimize their supply chains to gain a competitive advantage over other manufacturers in the industry. This article discusses the benefits that may be realized from such a collaboration and provides examples from other industries that will still translate to medical device OEMs and their specific needs.
For medical OEMs, business as usual will guarantee one outcome--oblivion. The business mantra for medical device OEMs today is faster, better, and cheaper--an old concept with modern-day relevance that will fundamentally change medical device OEM competitive strategy.
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