Published by ORTHOWORLD Inc., BONEZONE delivers strategic sourcing & product commercialization solutions to orthopaedic device company decision makers and their partners.
Issue link: http://bonezonepub.epubxp.com/i/762486
66 BONEZONE • December 2016 SUPPLY CHAIN MANAGEMENT What Will Leading Supply Chains Look Like in Five Years? The supply chain, particularly the route from the OEM to hospital or surgery center, has come under greater scrutiny as all sides question how to find efficiency in process and spend. Outcomes-based, data-driven decision making is expected to be the answer, playing a larger role in day-to-day supply chain management. This is not a discipline that every manufacturer possesses, nor is it a shift that most manufacturers cam handle this shift on their own. This was the underlying theme of an OMTEC 2016 panel discussion that brought experts together to discuss the ways that device company supply chains will operate in the future. Robin Hooker Director, Healthcare Marketing, UPS There's this notion that providers want to take control of freight and visibility, and management of trans- portation not being a hidden cost on top of product sourcing. We need to meet that need or at least alleviate the pressure being generated by that trend. Also, with the visibility component, you're going to have a high degree of interconnectivity and at the same time, contingency resiliency—the ability to react to scenarios that drive a lot of trauma, such as has happened in Orlando or in Boston—you have a flexible network that pulls inventory and meets demand in key areas without a lot of unusual activity. Firms will be leveraging UDI for nonstandard, noncompliant types of solutions, so there will be better managed inventory and visibility through existing investments. Over the next five years, a lot of redundancies will be carved out of the supply chain in order to end up with a system that is networked, has contingency built in and at the same time is borrowed from high tech and automotive and all the other fields to push down inventory levels with better visibility. That doesn't reside in one firm, but rather across multiples and it's going to look networked and fabric-like, in terms of relationships. Question: What will the leading supply chains look like five years from now? Where should OEMs head? Jerry Brown, Moderator Global Supply Chain Leader