If you’re in search of a medical device contract manufacturer, it’s important you don’t just go with the first company you contact. You should consider at least two or three manufacturing companies and compare them with each other based on the following considerations.
The medical device manufacturer should:
1. Have relevant technological experience
You should always look beyond what the manufacturer says about their technological experience. You should research products they have commercializes and ask for customer testimonials. It’s important to do research into the specific technologies you will need to develop and manufacture your products.
2. Have expertise in sustaining engineering
Beyond the manufacturing of your products, it’s important your medical device manufacturer can provide sustaining engineering throughout the whole production process. They should be focused on continuous improvement in regards to product quality and cost.
3. Have a great supply chain management system in place
Often, the cost of materials will be almost 80 percent of the cost of the finished product. Because of this, supply chain management for the parts and services required to manufacture your medical device is of the utmost importance. You should evaluate the methods and techniques the manufacture uses to manage their vendors. You need to know what systems are in place to manage vendor quality control.
4. Have an effective and proven quality management system
You should perform a quality systems audit before deciding on the manufacturer you will choose as a partner. They should have a verifiable record of compliance, device history records, reports on calibration, and testing data.
5. Be willing to talk about the cost of finished goods and pricing up front
Experienced and trustworthy medical device manufacturers have a formula that takes into consideration all of the likely costs which means they’re able to present an accurate estimate to potential partners. Looking at the pricing model will help you establish your budget and uncover any issues with the pricing.
At Keystone Solutions Group, we will work with you to make sure you’re on a path to success. Contact us today, we are prepared to answer any questions you may have while deciding what medical device contract manufacturing company is right for you.
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