Presently, players in the healthcare industry, are moving toward a more customer-centric environment to offer quick, reliable, and cost-effective diagnostic services to the patients. Additionally, the growing concerns relating to the availability of better healthcare facilities, governments across the globe are implementing specific initiatives to offer superior treatment options. In the medical devices space, cardiac pacemaker plays a pivotal role in addressing concerns about treating life-threatening cardiovascular diseases. As a result, it becomes necessary for players operating in the cardiac pacemaker manufacturing space to improve their sourcing and procurement processes to stay on par with the competitors offering similar products and services. Leveraging the use of robust sourcing analysis solutions help cardiac pacemaker manufacturers streamline their sourcing and procurement processes across the supply chain.
To gain better visibility into their sourcing and procurement processes, a renowned cardiac pacemaker manufacturer approached SpendEdge. With years of experience in offering a plethora of strategic sourcing solutions, SpendEdge help clients cut down the turnaround time for their sourcing procurement processes across platforms.
The Procurement Pain Point and Insights Offered
A renowned cardiac pacemaker manufacturing client was facing predicaments in devising a flexible resource deployment model to improve their overall efficiency. The client was also facing difficulties in standardizing and centralizing their sourcing and procurement process. As a result, they wanted to increase their productivity of internal operations and reduce the turnaround time of their sourcing and procurement processes across the supply chain.
To help the cardiac pacemaker manufacturing client overcome their predicaments, SpendEdge’s strategic sourcing analysis experts tailored a comprehensive research approach which included primary and secondary research methodology coupled with qualitative and quantitative data collection procedures. Additionally, the experts gathered information from various proprietary sources to gain more visibility into their sourcing and procurement activities and ensure reduced turnaround time. This sourcing analysis engagement helped the cardiac pacemaker manufacturing client gain actionable insights into their sourcing and procurement activities across the supply chain. This helped them identify the low and best cost country locations for their sourcing and procurement activities.
Fundamental questions answered in this sourcing analysis engagement include
With the help of standardized and centralized sourcing strategies, the cardiac pacemaker manufacturing client was able to reduce the turnaround for their procurement processes across the supply chain. This helped them overcome their inventory cost and save millions.