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New White Paper, "Five Biggest Myths about Medical Products Outsourcing," Finds OEM's Concerns are Often Unfounded
Date:7/24/2012

BILLERICA, Mass., July 24, 2012 /PRNewswire/ -- A new white paper, "The Five Biggest Myths about Medical Products Outsourcing," examines the reasons why five typical areas of concern about outsourcing medical products manufacturing are often unfounded. In addition, the paper outlines the advantages that outsourcing can provide original equipment manufacturers (OEMs) in terms of delivering quality products on time and on budget. The paper is available now for download at http://resources.labmedical.com/medical-products-outsourcing from LAB Medical Manufacturing.

Outsourcing medical product manufacturing is a thriving industry. In the U.S. alone, more than 3,000 firms offer their services as a contract manufacturer (CM) for medical devices, instruments, and implants. Most leading original equipment manufacturers (OEMs) of medical products employ at least some CMs; many have made them permanent parts of their manufacturing resource strategy.

However, some OEM planners resist using CMs, or have difficulty selecting the right one.

The white paper, titled "The Five Biggest Myths about Medical Products Outsourcing," discusses the five top myths about outsourcing medical product manufacturing that lure OEMs into falling prey to misunderstandings or concerns. These include cost, quality, or product complexity, or about maintaining control of intellectual property, or feel insecure about utilizing any but the very largest CMs.

The five myths are:

  • Myth #1: The lowest purchase price equals the lowest cost.
  • Myth #2: Every source offers the same quality.
  • Myth #3: You can only outsource the simple stuff.
  • Myth #4: Outsourcing equals losing control.
  • Myth #5: Size matters most.

OEMs may entertain several fears that make them reluctant to use new contract manufacturers, or indeed to employ CMs at all, according to the white paper. However, the right CM, with the relevant resources and with experience in a given product type, can often be a good fit to an OEMs' requirements.

A nimble, right-sized CM can offer a fruitful collaboration that produces improved medical instruments and implants — on time and on budget — to achieve enhanced patient outcomes, the white paper reports.

Download the new white paper, "The Five Biggest Myths about Medical Products Outsourcing," from http://resources.labmedical.com/medical-products-outsourcing.

About LAB Medical Manufacturing

LAB Medical Manufacturing, Inc., is a world-class contract manufacturer of high-precision medical devices and implants for leading original equipment manufacturers (OEMs). Its high-quality, cost-effective solutions help achieve better patient outcomes while reducing health care expenses. Founded in 1984, the company combines a passion for problem-solving with comprehensive in-house resources; exceptional engineering; unmatched application expertise; and flexible, integrated manufacturing. It is ISO 13485:2003 certified and FDA registered as a contract manufacturer. LAB Medical maintains facilities in Billerica, Massachusetts, USA, and Nowa Deba, Poland. Visit the company website at http://www.labmedical.com.


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SOURCE LAB Medical Manufacturing
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