In the era of cost-conscious, value-based healthcare, medical device original equipment manufacturers (OEMs) are under intense cost pressures to find ways to reevaluate their operations and supply chain strategies. To this end, an approach that procurement professionals are progressively employing is to consolidate the supply chain. Managing a complex, multivendor supply chain in an increasingly regulated and competitive healthcare environment has become expensive, timeconsuming, and precarious.
Conversely, many medical device OEMs have found that, by partnering with carefully selected vendors that can offer complete supply chain solutions, they are able to free up capital, better control quality, cost, and lead times, and strengthen their global competitive advantage.
This white paper will review some of the market trends driving supply chain consolidation within the medical device industry and examine the benefits of collaborating with a supplier that can provide complete solutions for every step of the value chain.