Susan Mucha, Powell-Mucha Consulting, Inc.02.01.10
Finding the Right Formula
Singapore’s public-private partnership synergies help eliminate hidden outsourcing costs.
Susan Mucha, Powell-Mucha Consulting, Inc.
Medical device manufacturers are no longer strangers to the same margin pressures faced by consumer product manufacturers. Despite current economic realities leveling the playing field, important differences remain. Medical products require higher levels of quality and can carry substantially more liability risk than consumer products. Additionally, the regulatory environment limits redesign and component substitution options. Consequently, in many projects, cost cutting needs to be achieved through improved efficiency rather than simply migrating to the newest emerging low-cost labor market, radically redesigning the product or switching to lower-cost components.
Last March, a group of international industry journalists were invited to visit several suppliers and government agencies in Singapore as part of a press tour sponsored by International Enterprise Singapore (IE Singapore), an agency under the Ministry of Trade and I
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