Remaining Competitive in the Medtech Industry

Within the healthcare industry there is an understanding among medical device companies that the drive for improvements in both manufacturing and packaging is a constant. In this time of increased flux, companies must strive to retain their competitive edge by establishing a foundation of trust and experience combined with a spirit of flexibility. For contract manufacturers servicing customers ranging from Fortune 100 powerhouses to the newest startups, it’s paramount to have a sound leadership team focused on a few key operating principles. In this way, medical device contract manufacturing and packaging companies can remain successful through the adoption of a top-down philosophy of four central operating principles, including: 1) always put the customer first, 2) appreciate relationships, 3) be flexible and continuously learn, and 4) have an overarching commitment to quality.   Here are some examples of how the principles can be put into action: Customer First: Any successful contract manufacturing company should strongly emphasize a customer-focused approach to their business. It starts at the top with a leadership team that focuses relentlessly on the customer. One way to do that is to publicly celebrate when the team has gone above and beyond the norm to help a customer. For instance, a medical device company was under a tight deadline for a complex product with multiple serialized components, each needing to be labeled and tracked through ...
Source: MDDI - Category: Medical Devices Authors: Tags: Contract Manufacturing Source Type: news