DAY ONE | THURSDAY, MAY 2
8:30 REGISTRATION & WELCOME COFFEE
9:00 OPENING REMARKS
9:10 COST REDUCTION PANEL: MAINTAINING QUALITY & MINIMIZING RISKS
In an effort to increase shareholder value, drive corporate profitability and deliver value throughout the continuum of care while at the same time meeting the cost-conscious needs of healthcare customers, medical device strategic sourcing executives are continually evaluating cost-saving measures and methods for reducing the total cost of ownership. At the same time, executives must consider the ramifications of purchasing lower cost components, and validate that quality measures are maintained to the highest level, in order to mitigate risks of supply non-conformity. Striking the delicate balance between cost, quality and risk requires tremendous analysis, qualification and insight and is of critical importance for all sourcing executives.
- Quantifying component cost against quality measures
- Alignment of strategic sourcing with quality executives
- Conveying cost-reduction risks to executive boards
MODERATOR: Tracy Whitman & David Watermeier, GRI-ALLESET
William Cooley – CONMED CORPORATION
Mark Foggiato – BD
10:00 ALIGNING GOALS & PRIORITIES BETWEEN SOURCING & QUALITY ASSURANCE
The development of a strong partnership between sourcing and quality assurance is integral to establishing open lines of communication and an effective supplier sourcing and management process. With many companies initiating and enhancing strategies for involving sourcing in supplier quality assurance, there is a push to work together to drive improvements in quality while mobilizing effective procurement efforts. Collaboration enhances opportunities to examine risk from a financial standpoint as well as assess the technical aspects while assessing supplier service, price, and quality.
- Partnering to support risk management
- Quality assessment through software use
- Optimizing supplier selection, retention, and reduction
John Mascaritolo, Director, Center for Supply Chain Management, CLAYTON STATE UNIVERSITY
10:45 COFFEE & NETWORKING BREAK
11:15 METHODS FOR ESTABLISHING A FLEXIBLE DEVICE SOURCING & PROCUREMENT FRAMEWORK
Medical device executives are focused on ensuring dynamic and evolving sourcing efforts and reviewing operations and production for efficiencies and cost savings. Ensuring the supply chain is flexible enough to handle changes and global instability, including tariffs, as well as effectively manage the overarching stability within supply chains is accomplished by examining areas for improvement, engaging in open communication with suppliers, and assessing quality control. Future uncertainty requires sourcing teams to focus on flexibility in processes and partners, while maintaining quality throughout the supply chain.
- Efficient change management during procurement
- Regulatory challenges affecting sourcing professionals
- Local and global supply chain risk assessment
Tracy Whitman, GRI-ALLESET
David Watermeier, GRI-ALLESET
12:00 LUNCHEON FOR ALL PARTICIPANTS
1:30 EXCHANGE GROUP: COMPREHENSIVE QUALIFICATION OF MEDICAL DEVICE SUPPLIERS
A first step in ensuring medical device suppliers meet the rigorous levels of quality and dependability required by manufacturers is the development and execution of comprehensive qualification processes which go beyond discussions of capabilities to focus on quality systems, ISO alignment and even audit experience. Through sharing multiple qualification scorecards and matrixes, strategic sourcing executives will share with the audience best practices in scoring and qualifying potential supplier partners as well as for re-qualifying existing suppliers following a change in circumstance. The following exchange group will include discussion of internal processes used in supplier qualification as well as out-comes and best practices.
Bethany Steichen, Principal Engineer, Research and Development Sourcing, BD
2:15 CASE STUDIES: SUCCESS IN TRANSITIONING & EXPANDING SUPPLIER BASE to CASE STUDY: SUCCESS IN TRANSITIONING & EXPANDING SUPPLIER BASE
Following a period of consolidation in the medical device supplier vertical, many medical device manufacturers faced a level of single-source supplier positions which required reflection, risk mitigation and ultimately diversification in order to ensure a stable and consistent flow of supply. Numerous benefits in the form of reduced risks stem from supplier diversification, from mitigating damages of supplier closures or acquisitions to reducing impact of tariffs by using suppliers in multiple locations, to overcoming natural disasters causing disruption. Exploring how one organization transitioned from a limited number of suppliers to a broader more diversified platform will showcase the path taken in reducing risks and establishing a balance of suppliers.
- Identifying supplier risks from a regional standpoint
- Analyzing the impact of operational disruption
- Proactive and reactive measures for risk mitigation
CASE STUDY: SUCCESS IN TRANSITIONING & EXPANDING SUPPLIER BASE
Christopher Krause, Manager, Strategic Procurement, ABBOTT
3:00 COFFEE & NETWORKING BREAK
3:30 EXCHANGE GROUP: EXPLORING DOMESTIC AND NEAR-SHORE PROCUREMENT OPPORTUNITIES
With ongoing challenges in global markets, sourcing teams are looking to maximize efforts and enhance a return on investment by assessing new and improving domestic and near-shore opportunities in the United States, Canada, and Mexico. Through localized supplier diversification, strategic partnerships are developed which ensure supplier quality and maximize budgetary constraints, as well as create availability for additional services and provide for safer and more secure product development and data exchange. In order to optimize cost management and balance global procurement with domestic and near sourcing opportunities for suppliers and supply chain, sourcing teams must modify strategies to maintain flexibility while improving supplier selection and ensuring price transparency and cost feasibility with suppliers.
Ryan Blanchette, Senior Manager, Purchasing, BAXTER INTERNATIONAL
4:15 CASE STUDIES: OPTIMIZING GLOBAL PROCUREMENT STRATEGY AND SOURCING PARTNER SELECTION to CASE STUDY: OPTIMIZING GLOBAL PROCUREMENT STRATEGY AND SOURCING PARTNER SELECTION
As global markets continue to develop and evolve, manufacturers are positioned to assess risk factors with varying suppliers and actively consider short and long term risk mitigation through strategic supplier selection. Market fluctuations such as unpredictable tariffs as well as the temporary and permanent implications of tariffs, are continuing to expand and are requiring increased efforts to source strategically with suppliers to assess availability and efficiencies in a variety of markets, including China, India, and Brazil. Ongoing quality assessment is necessary to ensure safety and productivity, and with a focus on international sourcing and risk management, supplier partners must also address regulatory concerns through the development of a clarified strategy and partnerships that support efficient procurement processes. Through these strategic partnerships and a discussion of peers’ experiences, sourcing teams are positioned effectively to navigate uncertainty in varying markets.
- Learning Objectives: Partner Selection
- Understanding infrastructure stability
- Analyzing market specific strategy
- Best practices for managing cost in varying markets
- Localized and global regulatory compliance
CASE STUDY: OPTIMIZING GLOBAL PROCUREMENT STRATEGY AND SOURCING PARTNER SELECTION
Ryan Blanchette, Senior Manager, Purchasing, BAXTER INTERNATIONAL
5:00 CLOSING REMARKS & DAY 1 CONCLUSION