How Does a Medical Contract Manufacturer Vet an Opportunity?

Have you ever thought about how a medical device manufacturer would vet a business opportunity?

Vetting a business opportunity is a critical first step in building a relationship between an OEM and a Supplier.


In the October issue of MPO, a feature article written by Jim Stommen entitled "Let the Vetting Begin" offers insight to the early interactions of an OEM and a supplier as they both evaluate the business partnering relationship. This topic was also discussed recently at the 4th Annual MPO Symposium during the "Building the Bridge Between OEM Design and Outsourced Manufacturing" panel session.

Ron Jellison, Executive Director of Business Development for KMC Systems was one of the panelists that offered insight to the vetting process used at KMC Systems, Inc.

"When evaluating a large OEM business opportunity we look at the types of products in their portfolio, the competition in their industry, their product sales/distribution channel, and the alignment of our quality system to theirs. For a start-up company, having confidence with the management team and their technical, financial and schedule objectives is an essential foundation for a successful business partnering relationship. " stated Jellison.

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Topics: medical device manufacturer, medical device contract manufacturer, KMC Systems, medical device contract manufacturing, Medical Product Manufacturing, medical device manufacturing, medical contract manufacturing, Total Product Life Cycle, medical device, medical device outsourced manufacturer

How to Select a Medical Contract Manufacturer - MPO Roundtable

 At the 4th Annual MPO Symposium hosted by Medical Product Outsourcing (MPO) medical device manufacturers, regulatory, business development, and strategists gathered to discuss and share knowledge and explore outsourcing strategies for improved outcomes.

  

 

The "Building the Bridge Between OEM Design and Outsourced Manufacturing" session was staffed with an impressive panel of representatives and moderated by Ben Dunn, Managing Director of Covington Associates. Some sage advice was offered by one of the panelists, Ron Jellison, Executive Director of Business Development for KMC Systems, Inc. for how to select a medical device manufacturing partner.

Ron identified three key areas to focus on when considering a medical contract manufacturer during the product design phase:

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Topics: medical device manufacturer, medical device contract manufacturer, medical device manufacturers, medical device manufacturing, proven process, medical device, medical device outsourced manufacturer, outsourced manufacturer, proven processes, MPO