Alignment of Supplier Assessment & Qualification to Optimize the Mix of Suppliers, Reducing Risk, Balancing Global Procurement Against Near Sourcing Opportunities to Meet the Impact of External Forces on Strategic Component Sourcing
Executives responsible for strategic sourcing and direct procurement within the medical device industry face a wide range of challenges in order to achieve an optimized supplier mix which reduces risks, ensures the highest possible level of component quality and at the same time drives a tight margin to support corporate growth and profitability. Movement within the market, from supplier consolidation and acquisition activity impacting OEMs to considerable uncertainty regarding tariffs with both China as well as within the NAFTA framework, to unpredictable natural occurrences causing disruption must all be considered, risks identified and mitigated. As the breadth of components being sourced continues to widen, and medical devices incorporate advanced software and highly sensitive biologic mechanisms, and at the same time consider sustainability of products and materials, the role of sourcing executives has become increasingly strategic.
Throughout the 5th Annual Medical Device Strategic Sourcing Conference, participants will have an opportunity to hear from leading manufacturers on best practices and deep-dive case studies which highlight the lessons learned from decades of sourcing in a continually evolving marketplace. Small-group discussions will also play a critical role within the program, providing participants with an opportunity to engage with participants and learn from peers in a structured, dialogue-based format which seamlessly blends education with professional networking.
Eric Jahnke | Sr. Marketing Manager | Q1 Productions
312.955.0424 | email@example.com