At Innovize, we take pride in our role as a medical device contract manufacturer specializing in stick-to-skin applications. But we couldn’t do it without our supply chain team, who work tirelessly to ensure that we have the materials we need to produce high-quality products for our customers. In a recent interview with our supply chain team, we gained insight into their daily challenges and strategies to maintain strong relationships with our suppliers.
One of the biggest challenges facing our supply chain team in recent years has been navigating pricing increases and surcharges, as well as ensuring the timely delivery of materials. This has required a proactive approach to inventory planning and management, with a focus on agility and complete transparency. With every order being different and unique, the team has to strike a balance between having enough materials on hand to prevent downtime while also being mindful of high inventory costs.
Our supply chain team has focused on building and maintaining strong relationships with our suppliers to manage these challenges. This includes regular in-person visits, sharing project details and specifications, and fostering transparency in all aspects of our work. By nurturing these relationships, we are better able to match our customers with the best suppliers for their needs – our customers can rest assured that we have an extensive network of suppliers at our disposal, including key partners who serve our customers best.
We are also constantly looking for ways to improve our supply chain, from vetting suppliers for quality standards to pursuing external learning and education opportunities to increase our efficiency and effectiveness. Our focus on innovation extends to our use of technology as well, with a goal of increasing automation without sacrificing quality or safety. And while our supply chain team may not have the same buying power as larger companies, we pride ourselves on our ability to work closely with our suppliers to ensure that we can deliver on our promises to our customers.
We know that the success of our business depends on the strength of our supply chain. That’s why we are committed to building and maintaining strong relationships with our suppliers, staying agile in our inventory planning and management, and pursuing innovation in all aspects of our work. We are proud of the hard work and dedication of our supply chain team, and we look forward to continuing to provide our customers with high-quality, innovative medical device solutions.