Medical Device Manufacturer Achieves Millions in ROI Through Sub-Tier Mapping
After the Fukushima disaster in 2011, a medical device and consumables manufacturer faced major supply chain challenges, putting their core operations and profitability at risk. The company relied heavily on sole source suppliers with no backup options, making them vulnerable to price hikes and operational disruptions that could cost them millions of dollars. By teaming up with Resilinc, the manufacturer utilized advanced AI technology, multi-tier mapping, real-time disruption monitoring, and active supplier collaboration, which allowed them to have complete visibility of their supply chain and save millions of dollars. Discover how this reputable medical device manufacturer managed to achieve supply chain resilience.
Key insights:
- $3M material cost savings: Negotiated lower prices through the qualification of new suppliers.
- $1.1M margin impact savings: Successfully averted unplanned cost increases, bolstering gross margins.
- 65% increase in supply chain visibility: Critical supply-base sub-tier mapping down to the raw material level.