...products? In manufacturing All products? Introduction of new products by Meditech every now and then has created a delivery problem. The existing products became obsolete as the company really had embarked on the development of new products without considering their impact on the chain of distribution of the existing products. The resulting poor delivery thus created more dissatisfaction among the customers hence, a problem in the introduction of new products and jeopardized the company’s reputation. A customer may understand a few weeks delay in receiving their placed orders, but to have the waiting time extended three to four times the expected period is unexplainable. When a customer is showed a new product to save money and provide benefit to a patient, they would not place the order so quickly if the salesperson then followed up by saying you may have to wait four to five months before you receive the product. Making the right forecasting was also a problem since there was no adequate data to make the right forecasting. Proper data keeping had not been happening before and demand forecasts were not made in the previous periods. Data gathering has also been a problem as it was lengthy and tiresome demanding for a lot of manual work in editing the data to the computer. Inventory was also very high during this particular period and this meant that, the costs were very high. According to a study conducted by one of the consultants in the company, the overall inventory...
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...MIT Leaders for Manufacturing Program Meditech Surgical1 Three years after Meditech was spun off from its parent company, Meditech captured a majority of the endoscopic surgical instrument market. Its primary competitor, National Medical Corporation, had practically invented the $800 million market just over a decade ago. But Meditech competed aggressively, developing new, innovative instruments and selling them through a first-class sales force. The combination paid off, and Meditech had become a phenomenal success in a short period of time. Despite the success, Dan Franklin, Manager of Customer Service and Distribution, was concerned about growing customer dissatisfaction. Meditech had recently introduced several new products that were central to the entire Meditech product line. New product introductions, which were critical to Meditech’s strategy of rapid product development, needed to be introduced flawlessly to protect Meditech’s reputation and sales of other products. But Meditech consistently failed to keep up with demand during the flood of initial orders. Production capacity became strained as customers waited over six weeks to have their orders delivered. Poor delivery service, which is fatal in the health care industry, was jeopardizing Meditech’s reputation. Company Background Endoscopic surgical techniques fall under a class of surgical procedures described as minimally invasive. Minimally invasive surgery, as opposed to traditional open surgery, requires only...
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...Meditech Surgical Case Paper Professor Leon Powell ISCOM 476 June 11, 2012 Meditech Surgical Case Paper Meditech has a new medical device they are trying to sell to customers while also trying to meet the demands of their current products. The company has several issues including the customer service department, relationships with vendors and suppliers, warehouse locations, and distribution locations. Meditech does not have systems and procedures in place to handle customer complaints, create reports to accurately forecast for sales, and they do not have a good relationship with their supplier to understand the production process. There are several processes and procedures that need to be implemented to help Meditech turn the business around and become customer friendly and profitable (Simchi-Levi, 2008). Meditech’s Problems in Introducing New Products and ALL Products Meditech’s problem in introducing new products is they wanted to use brand naming as their marketing strategy. By using this marketing strategy Meditech thought they would be able to easily sell endoscopic medical devises. Meditech was not able to produce the medical equipment fast enough to meet customer demands. Meditech’s has an abundance of orders they cannot fill and the manufacturing time to make the medical devises continually increases. This has caused Meditech to not make their numbers in manufacturing and has caused poor customer service by not delivery the product when promised (Simchi-Levi, 2008)...
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...Meditech Case Study 1. What are Meditech’s problems in introducing new products? In manufacturing ALL products? Meditech was the leading company in endoscopic surgical instruments. New products were critical to its growth. However, Meditech was unable to keep up with demand, customers lead times was over six weeks for delivery, since they consistently have shortages with each introduction they received a poor reputation. Forecasting and Inventory controls are key to the issues surrounding the introduction of new products and for all Meditech’s manufactured products. 2. What is driving these problems, both systemically and organizationally? One focus in Supply Chain Management is to look at an entire system within an organization, from transportation, distribution, inventory, work in process, finished good, warehousing, etc. From a systemic standpoint, Meditech problems arise from using a poor document system, a decentralized purchasing function, no procedures, “panic ordering” from dealers, poor forecasting and inventory controls. Organizationally, inventory control and forecasting create major issues for the company. Also, the fact that there is no data gathering system for the company. 3. Why is the customer service manager the first person to recognize the major issues? Dan Franklin, manager of Customer Service and Distribution was able to realize customers’ frustrations through meetings with hospital material managers. Franklin also has a staff member...
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...completion of the class, students will understand how to design and implement supply chain strategies in multi-national supply chains that work under dynamic market conditions including: • Strategic issues in supply chain management • Supply chain designs based on products and markets • How to measure supply chain performance • Where to put plants and resources Prerequisites IEM 4613 Production Planning and Control Systems, or equivalent; Text Book Simchi-Levi, Kaminsky and Simchi-Levi, Designing and Managing the Supply Chain, Irwin McGraw Hill, 3rd edition, 2007. Reference • Nahmias, Steven, Production and Operations Analysis, McGraw-Hill College, 2005, 5th Ed. Assignments There will be up to ten case...
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...Unit Outline | Supply Chain Management| MKTG3308| | | Semester 1Crawley| | Sharon Purchase| Business School www.business.uwa.edu.au Insert document version showing unit code/location/your initials/date, eg Statistics 160 on-campus, prepared by Jane Smith on Sep-21 would become 530160/Crawley/JS/20.11.08.| | All material reproduced herein has been copied in accordance with and pursuant to a statutory licence administered by Copyright Agency Limited (CAL), granted to the University of Western Australia pursuant to Part VB of the Copyright Act 1968 (Cth).Copying of this material by students, except for fair dealing purposes under the Copyright Act, is prohibited. For the purposes of this fair dealing exception, students should be aware that the rule allowing copying, for fair dealing purposes, of 10% of the work, or one chapter/article, applies to the original work from which the excerpt in this course material was taken, and not to the course material itself.| © The University of Western Australia 2009| Contents UNIT DESCRIPTION 1 Introduction 1 Unit content 1 Learning outcomes 1 CONTACT DETAILS 1 TEACHING AND LEARNING RESPONSIBILITIES 2 Teaching and learning strategies 2 Charter of student rights and responsibilities 2 Teaching and learning evaluation 2 ASSESSMENT MECHANISM 3 Assessment mechanism summary 3 Assessment details 3 Standard of Assessment 6 Special Consideration and Deferred Exams 7 Supplementary Assessment 8 Ethical...
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...Unit Outline | Supply Chain Management| MKTG3308| | | Semester 1Crawley| | Sharon Purchase| Business School www.business.uwa.edu.au Insert document version showing unit code/location/your initials/date, eg Statistics 160 on-campus, prepared by Jane Smith on Sep-21 would become 530160/Crawley/JS/20.11.08.| | All material reproduced herein has been copied in accordance with and pursuant to a statutory licence administered by Copyright Agency Limited (CAL), granted to the University of Western Australia pursuant to Part VB of the Copyright Act 1968 (Cth).Copying of this material by students, except for fair dealing purposes under the Copyright Act, is prohibited. For the purposes of this fair dealing exception, students should be aware that the rule allowing copying, for fair dealing purposes, of 10% of the work, or one chapter/article, applies to the original work from which the excerpt in this course material was taken, and not to the course material itself.| © The University of Western Australia 2009| Contents UNIT DESCRIPTION 1 Introduction 1 Unit content 1 Learning outcomes 1 CONTACT DETAILS 1 TEACHING AND LEARNING RESPONSIBILITIES 2 Teaching and learning strategies 2 Charter of student rights and responsibilities 2 Teaching and learning evaluation 2 ASSESSMENT MECHANISM 3 Assessment mechanism summary 3 Assessment details 3 Standard of Assessment 6 Special Consideration and Deferred Exams 7 Supplementary Assessment 8 Ethical...
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...Unit Outline | Supply Chain Management| MKTG3308| | | Semester 1Crawley| | Sharon Purchase| Business School www.business.uwa.edu.au Insert document version showing unit code/location/your initials/date, eg Statistics 160 on-campus, prepared by Jane Smith on Sep-21 would become 530160/Crawley/JS/20.11.08.| | All material reproduced herein has been copied in accordance with and pursuant to a statutory licence administered by Copyright Agency Limited (CAL), granted to the University of Western Australia pursuant to Part VB of the Copyright Act 1968 (Cth).Copying of this material by students, except for fair dealing purposes under the Copyright Act, is prohibited. For the purposes of this fair dealing exception, students should be aware that the rule allowing copying, for fair dealing purposes, of 10% of the work, or one chapter/article, applies to the original work from which the excerpt in this course material was taken, and not to the course material itself.| © The University of Western Australia 2009| Contents UNIT DESCRIPTION 1 Introduction 1 Unit content 1 Learning outcomes 1 CONTACT DETAILS 1 TEACHING AND LEARNING RESPONSIBILITIES 2 Teaching and learning strategies 2 Charter of student rights and responsibilities 2 Teaching and learning evaluation 2 ASSESSMENT MECHANISM 3 Assessment mechanism summary 3 Assessment details 3 Standard of Assessment 6 Special Consideration and Deferred Exams 7 Supplementary Assessment 8 Ethical...
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...M U M B AI SILICON VALLEY BANGA LORE SINGA P ORE MUMBA I BK C NE W DE L HI MUNICH The Indian Medical Device Industry Regulatory, Legal and Tax Overview March 2015 © Copyright 2015 Nishith Desai Associates www.nishithdesai.com The Indian Medical Device Industry Regulatory, Legal and Tax Overview About NDA Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Silicon Valley, Singapore, New Delhi, Munich. We specialize in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner. We focus on niche areas in which we provide significant value and are invariably involved in select highly complex, innovative transactions. Our key clients include marquee repeat Fortune 500 clientele. Core practice areas include International Tax, International Tax Litigation, Litigation & Dispute Resolution, Fund Formation, Fund Investments, Capital Markets, Employment and HR, Intellectual Property, Corporate & Securities Law, Competition Law, Mergers & Acquisitions, JVs & Restructuring, General Commercial Law and Succession and Estate Planning. Our specialized industry niches include financial services, IT and telecom, education, pharma and life sciences, media and entertainment, real estate and infrastructure. Nishith Desai Associates has been ranked as the Most Innovative Indian Law Firm (2014) and the Second Most Innovative Asia - Pacific Law Firm (2014)...
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...Home Work Chapter 1 to 12 Book Reference: Simchi-Levi, D., Kaminsky, P., and Simchi-Levi, E., & (2008). Designing and managing the supply chain: Concepts, strategies, and cases (3rd edition). United-States: McGraw-Hill. Excel sheet: Student Name: Shaheen Sardar Department: Industrial and Management Engineering, Hanyang University, South Korea. Home Work 1 Chapter 1: Introduction to Supply Chain Management Problem 1: Consider the supply chain for a domestic automobile. a. What are the components of the supply chain for the automobile? b. What are the different firms involved in the supply chain? c. What are the objectives of these firms? d. Provide examples of conflicting objectives in this supply chain. e. What are the risks that rare or unexpected events pose to this supply chain? Answer: a. The supply chain for a car typically includes the following components:: 1. Suppliers for raw materials 2. Suppliers for parts and subsystems 3. Automobile manufacturer (Ford, in the example). Within a company, there are also different departments, which constitute the internal supply chain: i. Purchasing and material handling ii. Manufacturing iii. Marketing, etc. 4. Transportation providers 5. Automobile dealers b. Many firms are involved in the supply chain. 6. Raw material suppliers. For instance, suppliers for steel, rubber,...
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