Outsourcing Outlook on Full-Contract Manufacturing
Medical Product Manufacturing News (MPMN) asks: Why should medical device OEMs partner with full-contract manufacturers rather than with specialized vendors? Mike Sieron, president and CEO of DG Medical weighs in on this subject.
MPMN: What advantages does a medical device OEM derive from partnering with a full-contract manufacturer?
SIERON: There are many advantages to working wtih a full-contract manufacturer. First and foremost, the OEM has to qualify only a single partner and does not have to devote additional time and resources to qualifying and managing multiple suppliers -- often as many as seven -- for a single project. Instead, the contract manufacturer assumes the responsibility of qualifying all necessary suppliers or subcontractors. In addition, the single point of contact that the OEM has with the full-contract manufacturer makes it easy for them to collaborate on projects...Read full article.