10 Outsourcing Pitfalls You Should Address ASAP
Updated February 25, 2016
Medtech companies can reap plenty of benefits when it comes to going the contract manufacturing route, but jump into it without asking too many questions, and there’s a chance you might wish you went skinny dipping with piranhas instead.
The issue is more important than ever. Large medical device manufacturers, seeking to save money by shrinking their supply chains, are requiring more from contract manufacturers. And on the flipside, a majority of startups are virtual companies, relying on outsourcing firms to do the grunt work of design, production, or both.
But contract manufacturing only works well when well managed. To help you accomplish that objective, Qmed editors last year went onto the Medical Devices Group to ask about potential contract manufacturing snags. We received about two dozen responses, with plenty of insightful comments.
Here are 10 important pitfalls to avoid in order to guarantee a positive contract manufacturing process.
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