By outsourcing the production of legacy medical devices to a contract manufacturing organisation (CMO), business unit managers can satisfy customer demands and maintain a minimum margin. The CMO may have a lower cost base than the original manufacturer or it may offer a greater economy of scale for a particular product line. Outsourced manufacturing can help a brand maintain its margin and breathe new life into legacy products. The introduction of an outsourced partner can allow a company to review and consolidate its legacy products range.
This blog is adapted from the article ‘The Everlasting Life of Legacy Medical Products’, featured in the August edition of Medical Product Outsourcing.Read More