As a medical device company, finding a partner to offer medical device contract manufacturing is really finding an extension of the business. The contract manufacturer has to be as invested in quality control, documentation, sourcing of materials, and other relevant factors as your company.
Ideally, a single-source medical device contract manufacturer is the best option, at least for the specific part or component. By choosing a company offering medical device contract manufacturing that can provide design, engineering, production, and assembly services, the supply chain becomes more manageable, there is a faster delivery time, and the costs of production can be minimized.
In addition to selecting a medical device contract manufacturing company that offers all the services you need, there are a few other factors to consider as well.
Order Delivery Time
A few of the top medical device contract manufacturers are located in the United States. Of these companies, there is only a small number with multiple locations, which is a critical factor to consider. In a contract manufacturer close to your business, the cost of logistics can be managed, and the time spent in shipping is decreased.
Additionally, with multiple locations, these companies are able to quickly ramp up production as needed, ensuring that order volume and delivery schedules are never compromised.
Price Per Unit
In addition to expertise, understanding of industry standards and the ability to meet your delivery requirements, it is essential to compare the cost of production between different contract manufacturers.
However, when comparing costs, factor in the experience, and the services offered. Additional considerations such as quality control, various certifications, experience in the industry, and the equipment used in the production of the components all factor into the cost of production. Of these, the experience, equipment, and understanding of the industry standards are perhaps the most critical.
