Ensuring Cost Effectiveness through the Strategic Implementation of Cost Modeling, Negotiation and Regulatory Compliance while Implementing Innovative Technology and Sourcing for Continuity
As medical devices become increasingly complex and global regulations continuously evolve, the need for reliable, compliant, and cost-efficient supplier partners is essential to strategic sourcing and procurement executives within the medical device industry. Sourcing executives are currently focusing primarily on several critical areas such as maintaining optimal relationship management with strategic partners, while reducing total cost of ownership, validating appropriate suppliers and ensuring supply chain consistency. While implementing a cost-conscious strategy is invaluable, strategic sourcing and procurement executives must also procure high caliber component parts to ensure the development of safe and effective medical devices. Strategic sourcing teams are also facing challenges in efficiently managing suppliers, developing a diversified supplier network and implementing an internal lean business approach, all while minimizing risk in component acquisition and product manufacturing.
Q1 Productions’ Medical Device Strategic Sourcing Conference will present a one-of-a-kind opportunity for sourcing and procurement executives to network with and learn from medical device manufacturing firms on the cutting edge of developing a competitive, cost-effective and strategic sourcing approaches. From examining new cost modeling to ensuring supplier transparency and compliance, topics addressed at the program will offer valuable insights and strategies that can certainly be adapted and implemented at each attending organization.
Eric Jahnke | Sr. Marketing Manager | Q1 Productions
312.955.0424 | firstname.lastname@example.org