{"id":6066,"date":"2023-04-17T20:00:14","date_gmt":"2023-04-17T20:00:14","guid":{"rendered":"https:\/\/merlinsourcing.com\/?p=6066"},"modified":"2024-10-09T04:35:50","modified_gmt":"2024-10-09T04:35:50","slug":"strategic-sourcing-best-practices-for-medical-equipment-manufacturers","status":"publish","type":"post","link":"https:\/\/merlinsourcing.com\/de\/blog\/strategic-sourcing-best-practices-for-medical-equipment-manufacturers\/","title":{"rendered":"Strategic Sourcing Best Practices for Medical Equipment Manufacturers"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"6066\" class=\"elementor elementor-6066\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6154b429 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6154b429\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-widget-wrap elementor-element-populated elementor-element elementor-element-2c929031\" data-id=\"2c929031\" data-element_type=\"column\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5c1053f0 elementor-widget elementor-widget-text-editor\" data-id=\"5c1053f0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<!-- wp:yoast-seo\/breadcrumbs \/--><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p>The medical equipment industry faces a constant threat of disruptive technologies that force them to improve their products relentlessly.\u00a0This\u00a0creates a severe strain\u00a0on\u00a0their supply chain as they\u00a0face constant pressure for\u00a0prototype as well as production parts for\u00a0New Product Introduction (NPI). Brian Tracy, who is synonymous with personal and professional achievement, quoted, \u201cManagers today have to do more with less, and get better results from limited resources, more than ever before.\u201d\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p>With fierce competition intensifying in\u00a0the medical\u00a0equipment manufacturing\u00a0industry,\u00a0companies\u00a0have to reduce the product development life-cycle and time to market, and still produce high-quality products at low cost to succeed. It\u2019s only fair for the\u00a0medical equipment manufacturers\u00a0to expect all the credit\u00a0and attention for inventing a lifesaving or a life-enhancing product, considering the pressure under which they\u00a0operate.\u00a0Companies\u00a0would\u00a0rather spend\u00a0their\u00a0limited resources\u00a0on\u00a0the innovation of\u00a0their\u00a0products.\u00a0By doing so,\u00a0companies end up\u00a0compromising on\u00a0other activities in the value chain, such as Supply Chain Management. Being mostly under-resourced, supply chain teams struggle\u00a0to\u00a0stabilize\u00a0their\u00a0workflows. For a company to have a competitive advantage,\u00a0they\u00a0should have a unique edge in each activity of\u00a0their\u00a0value chain. Starbucks became successful by following differentiation strategies\u00a0in each aspect of their\u00a0value stream,\u00a0branding them as a world-renowned premium coffee brand.\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:heading -->\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_61 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" >Inhaltsverzeichnis<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/merlinsourcing.com\/de\/blog\/strategic-sourcing-best-practices-for-medical-equipment-manufacturers\/#Current_Scenario_of_Medical_Equipment_Industry\" title=\"Current Scenario of Medical Equipment Industry\u00a0\">Current Scenario of Medical Equipment Industry\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/merlinsourcing.com\/de\/blog\/strategic-sourcing-best-practices-for-medical-equipment-manufacturers\/#Sourcing_strategies-_Learnings_from_Games_to_Space_Race\" title=\"Sourcing strategies-\u00a0Learnings from Games to Space Race\u00a0\">Sourcing strategies-\u00a0Learnings from Games to Space Race\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/merlinsourcing.com\/de\/blog\/strategic-sourcing-best-practices-for-medical-equipment-manufacturers\/#What_else_is_required_to_fine_tune_your_sourcing_process\" title=\"What else is required to fine tune your sourcing\u00a0process?\u00a0\">What else is required to fine tune your sourcing\u00a0process?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/merlinsourcing.com\/de\/blog\/strategic-sourcing-best-practices-for-medical-equipment-manufacturers\/#What_is_Strategic_Sourcing\" title=\"Was ist Strategic Sourcing?\u00a0\">Was ist Strategic Sourcing?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/merlinsourcing.com\/de\/blog\/strategic-sourcing-best-practices-for-medical-equipment-manufacturers\/#How_to_adopt_Strategic_Sourcing\" title=\"How\u00a0to adopt\u00a0Strategic\u00a0Sourcing?\u00a0\">How\u00a0to adopt\u00a0Strategic\u00a0Sourcing?\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2 id=\"h-current-scenario-of-medical-equipment-industry\"><span class=\"ez-toc-section\" id=\"Current_Scenario_of_Medical_Equipment_Industry\"><\/span><strong>Current Scenario of Medical Equipment Industry\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<!-- \/wp:heading --><!-- wp:paragraph -->\n<p>The COVID pandemic has highlighted the\u00a0criticality\u00a0of a steady\u00a0and\u00a0stable\u00a0supply chain for companies to survive in this industry. Small companies suffocated with the increasing demands and strains in their sourcing that led to\u00a0their\u00a0demise.\u00a0Many organizations\u00a0ended up with reduced profit margins\u00a0due to\u00a0the\u00a0lack of efficient\u00a0enterprise solutions to manage the situation efficiently, despite\u00a0skyrocketing demand. Amongst the giants in the industry, many lost their market share to the companies who had tamed the precariousness of the supply chain. The\u00a0opportunity cost forfeited by\u00a0medical device manufacturers\u00a0in producing equipment\u00a0like ventilators to PPE\u2019s\u00a0during the pandemic\u00a0due to unprepared\u00a0supply chains\u00a0was very high\u00a0and a lost opportunity. Outdated sourcing practices pursued in the business played a major role in this fiasco.\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p>Outsourcing of components is\u00a0the\u00a0norm in the medical device industry that lowers the overall cost significantly.\u00a0Unfortunately,\u00a0the same practice\u00a0made\u00a0the medical equipment manufacturers\u00a0rely more on their\u00a0global\u00a0suppliers. Shortage of supplies and inefficient management of the Bill of Materials (BoM)\u00a0affected\u00a0the\u00a0production. Procurement is the origin of the supply chain, and when it fails, the entire chain collapses due to the domino effect.\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:heading -->\n<h2 id=\"h-sourcing-strategies-learnings-from-games-to-space-race\"><span class=\"ez-toc-section\" id=\"Sourcing_strategies-_Learnings_from_Games_to_Space_Race\"><\/span><strong>Sourcing strategies-\u00a0Learnings from Games to Space Race<\/strong>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<!-- \/wp:heading --><!-- wp:heading {\"level\":4} -->\n<h4 id=\"h-lesson-1-the-need-for-contingency-plans\"><strong>Lesson 1: The Need for Contingency Plans\u00a0<\/strong><\/h4>\n<!-- \/wp:heading --><!-- wp:paragraph -->\n<p>The defeat of Liverpool by Real Madrid in\u00a0the\u00a02018 Champions League depicts the necessity of a\u00a0Plan B. The moment Salah was off, the entire Liverpool team lost its game plan and never recovered from it.\u00a0\u00a0Companies\u00a0will need a Garret Bale in\u00a0their\u00a0team, who would step in when the need arises to win the game. It shows that solely depending on a\u00a0single\u00a0player might prove to be detrimental. Likewise, companies in\u00a0the\u00a0medical device\u00a0industry should avoid solely depending on a single supplier where the competition is much\u00a0more\u00a0aggressive\u00a0compared to\u00a0football. Companies that followed dual sourcing were able to mitigate this risk caused by the dependence on a single supplier to an extent. But,\u00a0is that enough?\u00a0Would\u00a0they\u00a0need a Plan C, Plan D?\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:heading {\"level\":4} -->\n<h4 id=\"h-lesson-2-communication-is-a-crucial-element-in-supply-chain-success\"><strong>Lesson 2: Communication is a crucial element in supply chain success\u00a0<\/strong><\/h4>\n<!-- \/wp:heading --><!-- wp:paragraph -->\n<p>Chinese whispers\u00a0is\u00a0a well-known game that demonstrates how things get lost in communication. In an organization, the senior management often gets information through multiple reporting layers that morph or distort the information deliberately or unintentionally. Many leaders fall prey to this \u2018game\u2019.\u00a0The importance of efficient and effective communication with all internal and external stakeholders cannot be overlooked for efficient sourcing. For example, BoM management, especially for prototype parts\u00a0in\u00a0<a href=\"https:\/\/merlinsourcing.com\/de\/direct-sourcing-merlin-sourcing\/\" target=\"_blank\" rel=\"noreferrer noopener\">direct\u00a0procurement<\/a>\u00a0is essential and requires precise data communicated\u00a0to procurement teams to source the right parts.\u00a0Will\u00a0correct information\u00a0be\u00a0sufficient to avoid errors?\u00a0What if the suppliers have\u00a0queries regarding similar parts of material specifications? Is there a\u00a0fast-track\u00a0channel for communication from\u00a0Product Engineering or R&amp;D to\u00a0the suppliers via procurement?\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p>We require timely communication that is important to keep the supply chain lean. We can illustrate this from NASA\u2019s timeline that explains the lag in putting the first man in orbit. Friendship 7 mission launch faced a delay due to several reasons, and one of the reasons\u00a0is the precise calculation of its trajectory path\u00a0which\u00a0was\u00a0not\u00a0done on time. It was solved by one of the great mathematicians,\u00a0Katherine Johnson,\u00a0one of the key figures behind the success of Friendship-7.\u00a0In procurement, this timely communication can be achieved only through effective\u00a0<a href=\"https:\/\/merlinsourcing.com\/de\/supplier-relationship-management\/\" target=\"_blank\" rel=\"noreferrer noopener\">Lieferantenbeziehungsmanagement<\/a>\u00a0using\u00a0procurement software,\u00a0as many organizations do not have enough\u00a0bandwidth in the procurement organization\u00a0to be in constant communication with their suppliers without depending on technology.\u00a0Vendor Managed\u00a0Inventory\u00a0programs have been adopted by several companies to address this issue and control the\u00a0<a href=\"https:\/\/supplychain-academy.net\/understanding-the-bullwhip-effect-in-supply-chains\/\" target=\"_blank\" rel=\"noreferrer noopener\">bullwhip effect<\/a>\u00a0caused in the upstream of the supply chain.<\/p>\n<!-- \/wp:paragraph --><!-- wp:image {\"id\":12296,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"483\" class=\"wp-image-12296\" src=\"https:\/\/merlinsourcing.com\/wp-content\/uploads\/2021\/03\/Bull-whip-effect-infographic-1024x483.png\" alt=\"Bull whip effect - infographic image\" srcset=\"https:\/\/merlinsourcing.com\/wp-content\/uploads\/2021\/03\/Bull-whip-effect-infographic-1024x483.png 1024w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2021\/03\/Bull-whip-effect-infographic-300x142.png 300w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2021\/03\/Bull-whip-effect-infographic-768x363.png 768w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2021\/03\/Bull-whip-effect-infographic-16x8.png 16w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2021\/03\/Bull-whip-effect-infographic-1200x567.png 1200w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2021\/03\/Bull-whip-effect-infographic.png 1239w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<!-- \/wp:image --><!-- wp:heading -->\n<h2 id=\"h-what-else-is-required-to-fine-tune-your-sourcing-process\"><span class=\"ez-toc-section\" id=\"What_else_is_required_to_fine_tune_your_sourcing_process\"><\/span><strong>What else is required to fine tune your sourcing\u00a0process?<\/strong>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<!-- \/wp:heading --><!-- wp:paragraph -->\n<p>Companies in the medical device sector seek traceability and accountability from\u00a0the suppliers. It is paramount for the components used to meet the specifications and\u00a0compliance\u00a0requirements accurately. MedTech companies often spend a lot of time and effort vetting the suppliers,\u00a0hence\u00a0making them reluctant to change their suppliers even if they notice some inefficiency. Companies in the healthcare industry cannot afford any compromise in their products as the stakes are too high.\u00a0That\u00a0is why tracing the provenance of the components is extremely critical. It can become extremely difficult, especially in\u00a0a complex\u00a0industry like medical equipment manufacturing\u00a0that\u00a0requires\u00a0a wide array of components, ranging from electrical to fabric. Hence the companies must be diligent in auditing the components and selecting their suppliers. The contemporary\u00a0business\u00a0world has realized the prominence of analytics and data in their daily decision-making.\u00a0Technology adoption\u00a0has to be incorporated even in the sourcing and procurement activities, as this can make tracking and tracing as well as reporting much more\u00a0comprehensive, without need for an increased workforce.\u00a0Audit compliance also becomes significantly easier as a result of\u00a0the use of analytics.\u00a0\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p>All the above best practices and lessons lead us to Strategic Sourcing \u2013 an\u00a0undeniably beneficial\u00a0practice for today\u2019s procurement teams.\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:heading -->\n<h2 id=\"h-what-is-strategic-sourcing\"><span class=\"ez-toc-section\" id=\"What_is_Strategic_Sourcing\"><\/span><strong>Was ist Strategic Sourcing?<\/strong>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<!-- \/wp:heading --><!-- wp:paragraph -->\n<p><strong>Strategic\u00a0Sourcing<em>\u00a0<\/em><\/strong>is a holistic approach in developing channels of supply considering all the activities within the procurement\u00a0cycle.\u00a0It\u00a0focuses on\u00a0the optimal total\u00a0value\u00a0rather than just procuring lower-priced goods. It allows companies to consolidate their purchasing power to achieve the lowest\u00a0total\u00a0cost of\u00a0ownership\u00a0(TCO)\u00a0and minimize the total cost of risk\u00a0in\u00a0supply chain. Strategic\u00a0Sourcing\u00a0is a continuous process of evaluating and re-evaluating\u00a0the sourcing\u00a0activities\u00a0and\u00a0market conditions,\u00a0and\u00a0then\u00a0aligning the sourcing strategy with the business goals. It addresses\u00a0the\u00a0risks associated with supplier management,\u00a0provides\u00a0in-depth market knowledge of the component\u00a0categories, identifies\u00a0the right supplier by\u00a0category management\u00a0process,\u00a0gives\u00a0better-negotiating power\u00a0by conducting auctions\/bidding\u00a0and\u00a0enables\u00a0effective\u00a0and\u00a0timely communication. Approaching your procurement process proactively by gathering insights from your\u00a0procurement\u00a0and\u00a0spend\u00a0analytics\u00a0help\u00a0align your sourcing strategy to achieve your business goals\u00a0as well as\u00a0evaluate the\u00a0entire process and provide you with consistent feedback to improvise.\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:heading -->\n<h2 id=\"h-how-to-adopt-strategic-sourcing\"><span class=\"ez-toc-section\" id=\"How_to_adopt_Strategic_Sourcing\"><\/span><strong>How\u00a0to adopt\u00a0Strategic\u00a0Sourcing?<\/strong>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<!-- \/wp:heading --><!-- wp:paragraph -->\n<p>Now\u00a0that\u00a0you have\u00a0got\u00a0the right strategy to combat the obstacles faced by medical device OEMs. What\u2019s next? Implementing a\u00a0strategic\u00a0procurement\u00a0solution\u00a0might be strenuous for the companies\u00a0that intend\u00a0to be cost-effective.\u00a0They\u00a0can probably\u00a0try\u00a0outsourcing\u00a0to procurement organizations,\u00a0but the organization would lose some of its autonomy\u00a0and strategic edge\u00a0in sourcing activities. We can also leverage the gig economy in times of a sudden increase in demand\u00a0\u2013 but is it worth the risk in a\u00a0compliance-controlled\u00a0industry?\u00a0Would that be efficient?\u00a0It\u00a0might still cause\u00a0a lot of\u00a0disruption\u00a0as the temporary workers might not understand the\u00a0processes\u00a0of the organization. So, what could be the solution to this dilemma?\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p>In\u00a0the emerging Gen C\u00a0culture,\u00a0it\u00a0is\u00a0best\u00a0to seek solutions\u00a0leveraging the right\u00a0technology. There are several companies already utilizing ERP software solutions for seamless functioning of their\u00a0supply chain.\u00a0What they require now is a\u00a0strategic purchasing solution\u00a0that\u00a0would address the hiccups\u00a0occurring\u00a0at the beginning of the supply chain!\u00a0\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p><a href=\"https:\/\/merlinsourcing.com\/de\/\" target=\"_blank\" rel=\"noreferrer noopener\">MeRLIN<\/a>\u00a0is a strategic sourcing software solution\u00a0that\u00a0helps\u00a0you\u00a0to plan and\u00a0execute a\u00a0secure and streamlined sourcing\u00a0strategy.\u00a0It automates high volume manual tasks that are repetitive through\u00a0extensive business rule\u00a0and exception management capabilities. It gives you the autonomy of controlling your\u00a0sourcing\u00a0in supply\u00a0chain management\u00a0and makes it cost-efficient. It helps you manage your suppliers and provides\u00a0the optimal mix that you are looking for\u00a0with the use of extensive analytics.\u00a0It has\u00a0features that simplify\u00a0the complex task of BOM life-cycle tracking, especially in an industry where knowing what part\u00a0or component\u00a0has gone into which BOM\u00a0version\u00a0can be literally a life and death issue.\u00a0It would discipline the\u00a0\u2018long-tail\u2019 of supply chain and make things easy for you. If you are struggling with your procurement activities or constantly looking\u00a0to\u00a0enhance\u00a0your supply chain,\u00a0MeRLIN\u00a0is a go-to solution that provides you with a competitive edge<s>,<\/s>\u00a0and helps\u00a0you to stand out amidst your\u00a0competitors.\u00a0<a href=\"https:\/\/merlinsourcing.com\/de\/contact-us\/\" target=\"_blank\" rel=\"noreferrer noopener\">Contact us<\/a>\u00a0to learn more.\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p>See how MeRLIN can help Medical Device Manufacturers.<\/p>\n<!-- \/wp:paragraph --><!-- wp:embed {\"url\":\"https:\/\/www.youtube.com\/watch?v=Bsfi8ryIb1c\",\"type\":\"video\",\"providerNameSlug\":\"youtube\",\"responsive\":true,\"className\":\"wp-embed-aspect-16-9 wp-has-aspect-ratio\"} -->\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">https:\/\/www.youtube.com\/watch?v=Bsfi8ryIb1c<\/div>\n<\/figure>\n<!-- \/wp:embed -->\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Discover how strategic sourcing best practices bring medical equipment manufacturers one step closer to operational excellence.<\/p>","protected":false},"author":12,"featured_media":32510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[62,65,63,64,60,58],"class_list":["post-6066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-strategic-sourcing","tag-medical-equipment-industry","tag-procurement-for-discrete-manufacturers","tag-procurement-for-medical-manufacturers","tag-procurement-in-medical-devices-manufacturing-industry","tag-procurement-in-medical-equipment-industry","tag-strategic-sourcing-for-medical-device-manufacturers","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.4 (Yoast SEO v21.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Strategic Sourcing for Medical Equipment Manufacturers - Best Practices<\/title>\n<meta name=\"description\" content=\"Medical device manufacturers are under constant pressure to optimize their supply chains. Read about the sourcing best practices to have a competitive edge in the industry.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/merlinsourcing.com\/de\/blog\/strategic-sourcing-best-practices-for-medical-equipment-manufacturers\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strategic Sourcing for Medical Equipment Manufacturers - Best Practices\" \/>\n<meta property=\"og:description\" content=\"Medical device manufacturers are under constant pressure to optimize their supply chains. Read about the sourcing best practices to have a competitive edge in the industry.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/merlinsourcing.com\/de\/blog\/strategic-sourcing-best-practices-for-medical-equipment-manufacturers\/\" \/>\n<meta property=\"og:site_name\" content=\"MeRLIN\u202f\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/MeRLINstrategicsourcing\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-17T20:00:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-09T04:35:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/merlinsourcing.com\/wp-content\/uploads\/2021\/01\/medical-devices.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"980\" \/>\n\t<meta property=\"og:image:height\" content=\"345\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Abhilesh Babu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@MeRLINsourcing\" \/>\n<meta name=\"twitter:site\" content=\"@MeRLINsourcing\" \/>\n<meta name=\"twitter:label1\" content=\"Verfasst von\" \/>\n\t<meta name=\"twitter:data1\" content=\"Abhilesh Babu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Gesch\u00e4tzte Lesezeit\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/merlinsourcing.com\/de\/blog\/strategic-sourcing-best-practices-for-medical-equipment-manufacturers\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/merlinsourcing.com\/de\/blog\/strategic-sourcing-best-practices-for-medical-equipment-manufacturers\/\"},\"author\":{\"name\":\"Abhilesh Babu\",\"@id\":\"https:\/\/merlinsourcing.com\/de\/#\/schema\/person\/15e3bf96e5a5e3cafc2a3e844208352a\"},\"headline\":\"Strategic Sourcing Best Practices for Medical Equipment Manufacturers\",\"datePublished\":\"2023-04-17T20:00:14+00:00\",\"dateModified\":\"2024-10-09T04:35:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/merlinsourcing.com\/de\/blog\/strategic-sourcing-best-practices-for-medical-equipment-manufacturers\/\"},\"wordCount\":1612,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/merlinsourcing.com\/de\/#organization\"},\"keywords\":[\"Medical Equipment Industry\",\"Procurement for Discrete Manufacturers\",\"Procurement for Medical Manufacturers\",\"Procurement in Medical Devices manufacturing Industry\",\"Procurement in medical equipment industry\",\"Strategic Sourcing for Medical Device Manufacturers\"],\"articleSection\":[\"Strategic Sourcing\"],\"inLanguage\":\"de-DE\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/merlinsourcing.com\/de\/blog\/strategic-sourcing-best-practices-for-medical-equipment-manufacturers\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/merlinsourcing.com\/de\/blog\/strategic-sourcing-best-practices-for-medical-equipment-manufacturers\/\",\"url\":\"https:\/\/merlinsourcing.com\/de\/blog\/strategic-sourcing-best-practices-for-medical-equipment-manufacturers\/\",\"name\":\"Strategic Sourcing for Medical Equipment Manufacturers - Best Practices\",\"isPartOf\":{\"@id\":\"https:\/\/merlinsourcing.com\/de\/#website\"},\"datePublished\":\"2023-04-17T20:00:14+00:00\",\"dateModified\":\"2024-10-09T04:35:50+00:00\",\"description\":\"Medical device manufacturers are under constant pressure to optimize their supply chains. 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