BIMS is the ideal consultant for medical device companies looking to cut spend and maintain their competitive edge. Our strategic sourcing experts can provide insight and processes to help Governments and companies in the medical device manufacturing industry optimize their supply chain, increase supplier value, and reduce costs.
BIMS can help medical device manufacturers reduce spend and increase savings through strategic sourcing. We provide solutions for medical device diagnostic organizations to drive innovation.
BIMS, has been providing strategic sourcing and procurement consulting services to medical device and diagnostics companies since 2019. We act as an extension of our clients’ teams, supplementing their time and expertise with experience, market intelligence, technology, processes, and people.
At BIMS, we partner with medical device manufacturers to develop strategies that drive supply chain performance and value in order to ensure a competitive advantage. We help you implement proven end-to-end product lifecycle management (PLM) and total asset management (TAM) techniques. We understand the complexities and unique nature of the medical device industry and leverage this market intelligence to build long-term strategic relationships.
We adapt to any company’s culture and work seamlessly with any stakeholders and key decision-makers to analyze and implement purchase price variance (PPV) and Value Analysis/Value Engineering (VA/VE) cost reduction activities.
We’re adept and experienced in navigating the engineering-led culture of medical device & equipment manufacturers. We can provide sourcing expertise for all levels of manufacturing from sub-assembly, to top-level assembly, to finished product builds.
Our on-demand resource model is flexible and scalable, allowing us to ramp up or down depending on your needs and trends within the industry. We can offer full-scale sourcing services or can enhance segments of the sourcing process, from the data collection and supplier identification process to market assessment and contract negotiations.
Our strategic sourcing services for medical device companies cover direct materials in a variety of commodity groups: Direct Materials Assessment of Components and Suppliers –
BIMS will explore potential synergies within the incumbent supplier community to offload or enhance engineering and designing capabilities. We will develop a plan to continuously engage key suppliers to ensure access to new innovation, creating a competitive advantage for our client in the market place. Review of Locations and Offshoring/Nearshoring Opportunity
We will evaluate the current supply chain and sourcing processes, and document minimum quality standards and capacity specifications that alternative suppliers must comply with. BIMS can provide insight and skills to navigate cultural and technical barriers when evaluating outside countries for resources if fitting. Identification of Opportunities for Consolidation and Alternative Premier Suppliers BIMS will explore opportunities for supplier consolidation within the existing supply base. We will also evaluate other sources of manufacturers who provide cost efficiencies and value adds. Needs, Processes & Procedures Assessment BIMS will identify where opportunities exist to improve processes and SOPs by evaluating make versus buy decisions. We will also generate an understanding of the current and desired levels of performance and KPIs.
We offer solutions to help you source your direct materials. Low-cost country sourcing, near-shoring, off-shoring, developing nations, or local supply, we have sourced it all. We can help with any aspect of your direct materials sourcing initiative, from supplier identification through RFP, negotiations, supplier qualifications & implementation.
BIMS understands that the procurement of direct materials must be directly linked to customer satisfaction. If an inexpensive alternate product is in any way inferior to the product it replaces, then the cost-saving benefits do not outweigh our customers, and their customer’s, ultimate satisfaction.
Our goal is to help you find the right supplier, in the right geography at the right price to deliver you quality and dependable direct goods, direct service and raw materials that you use in your end offering. We are often able to accomplish cost reduction while simultaneously maintaining or improving your quality and lead times.
Example Direct Spend Engagements:
Bench-marking Direct Material Purchases and Performance,
Cost Modeling and Cost Optimization for Direct Materials,
Raw Material Index Tracking,
Supplier Identification Services,
Supplier Qualification Services,
Near Shore or Off Shore Low-Cost Country Sourcing,
Feasibility Reporting,
Prototyping,
Total Supply Chain Strategy,
Logistics and Brokerage,
Contracting & Negotiations,
Manufacturing Implementation support, and
Ongoing audit and continuous improvement monitoring.
Since 2019, BIMS professionals have worked with some of the world’s leading manufacturing companies to help them optimize their spending, locate reliable and economical sources of raw materials, products and components for their manufacturing processes, and develop ways to make their operations more efficient and cost-effective.
Our strategic sourcing services for manufacturing companies go beyond strict cost reduction
services. We can assist in Low-Cost Country Supplier Identification and the Procurement of Raw Materials
The Procurement of Indirect Spend Items
The Identification of Qualified Suppliers in Near Shore Locations, such as Mexico
Improving Collaboration with your Suppliers
Improving Lead Times
Customs and Logistics
Identification and Build Out of Warehousing Locations
Acquisition of Capital Equipment
Reducing Maintenance Costs of Capital Equipment Identification of Quality Auditing Partners
Improving Payment Terms with your Supply Chain Partners
Inventory Control