· UNDERSTANDING THE OPERATIONAL CHALLENGES IN MEDICAL DEVICES INDUSTRY
Main challenges
Enabling innovation through operations
In today's competitive landscape, product development is rarely a solo act. External vendors play a critical role in bringing your vision to life by helping you fill knowledge gaps, complete product specifications, and turn ideas into reality.
To achieve this, you need to define your core competencies, scout new technologies, choose optimal collaboration approaches, and manage external vendors effectively.
Your team might not always employ best practices when selecting, negotiating with, onboarding, and managing vendors. This can stem from limited access to the right frameworks, or a missing clear overview of all the moving parts involved in procurement management.
Optimizing your supply chain
You need to implement a Supply Chain strategy that fits your company goals, and navigate new market realities like new tariffs, shortages, transport disruptions, etc.
To achieve this, you need to rely on a senior team (which you may not have) or external consultants (who are often out of budget), while your team struggles to find the time to work on the strategy and implement it effectively.
Involving operations in the design process
The role of operations is critical in the product development process, as it enables innovation by:
• Facilitating effective collaboration between cross-functional teams & suppliers
• Balancing innovation & cost-effectiveness
• Balancing time pressure & a solid supply chain
• Balancing complexity & scalability
• Ensuring quality control & compliance
• Managing product development uncertainty with external parties & resource allocation
• Facilitating continuous improvement between internal & external stakeholders
This can be very challenging if your team's cross-functional collaboration is not effective, or if your operations organization is not designed to foster innovation.
· OPERATIONS TEAMS SUPPORT TO MEDICAL DEVICES
How Concise Hub helps Medical Devices companies?
· WHAT YOU GET
The result
Smooth new product introduction
- One-time right launch: On-time and in-full delivery of stable products with a stable supply chain
- Operational focus ensures healthy product
- Shorter time-to-market
- Resilient supply chains
Time & money saved
- Reduce consulting costs by up to 80%
- Cut assessment time from weeks to hours
- Increase your productivity by up to 40%
- Develop your team and enhance cross-functional collaboration
Breakthrough innovations
- Leveraged supplier network to effectively drive innovation
- Informed decisions related to operations (costs, manufacturing, supply chain, etc.) succesfully implemented in the product
Faster & impactful transformations
- Rapid & automated diagnostics + benchmark against industry peers
- Streamlined cross-functional team tracking, reporting and collaboration
- Expertise gap bridged with countinuous team development
Supplier management
- Best practices used to select, negotiate, onboard, and manage suppliers
- Improved supplier performance (quality, cost, delivery, service, innovation support)
- Reduced total cost of ownership
Customer experience
- Enhanced customer satisfaction and brand loyalty through superior operational execution
- Increased fulfillment accuracy, delivery speed, and responsiveness
· OUR CLIENTS
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