The document summarizes information about the medical device company Boston Scientific. It discusses the company's establishment, subsidiaries, products in areas like cardiology and radiology, and major competitors. It then analyzes inventory management issues the company faced like overstocking, expiration of supplies, and lack of organization. Suggested solutions included improved unpacking and tracking of supplies, educating staff, and standardized reordering processes. The student suggested providing feedback to the company and exploring ways to reuse expired products to reduce costs.

1. By – Pranjul Kumar Gupta (R.G.I.P.T)
& Pallavi Suri (IBS Hyderabad)
29Th March , 2019 .

2. 1. About the company
• Establishment
• Subsidiaries
• Divisions
• Products
• Competitors
2. Inventory management at the company
• Analysis
• Observations
• Solutions
3. Student’s suggestion
4. References

3.  The company was established in 1979 by John Abele
and Pete Nicholas. They aimed at benefitting the public
health by introducing the more accessible, less-invasive
and lower cost solutions. It belongs to pharma and
healthcare sector.
 The company deals in manufacturing of medical devices
for body cavities. It runs under the parent company,
Boston Scientific Corporation with approximately
27000 employees in 40 countries.
 It has headquarters in Marlborough, Massachusetts,
United States, Europe, Africa, Asia. The company has
branches all around the world including Minnesota,
Malaysia, California, India, Costa Rica, Ireland.

4.  • American Medical Systems, LLC
 • Apama Medical, Inc.
 • Boston Scientific Neuromodulation Corporation
 • Boston Scientific Scimed, Inc.
 • Cardiac Pacemakers, Inc.
 • Cosman Medical, LLC
 • EndoChoice, Inc.
 • EP Technologies, Inc.
 • Robert S. Smith, M.D., Inc.
 • Sadra Medical, Inc.
 • Target Therapeutics, Inc

5.  • Radiology
 • Cardiology
 • Endoscopy
 • Gastroenterology

6.  • Pacemakers
 • Catheters
 • Stents
 • Balloon stents
 • Needles
 • Remote patient monitoring instruments

7.  • Medtech Ltd
 • GE Healthcare
 • Philips
 • Siemens
 • Johnson & Johnson

8.  In healthcare industry, any delay in any of the
operations can actually cause a life.
 Therefore to have a balanced system between the
hospitals and this industry is to have a proper check
on the inventories.
 There are times when they get piled up and get of
expiry dates after some days.

9. Problems are -:
 Running out of some items,
 Overstocking others,
 Letting even more go unused
 Arbitrary storage,
 Varying levels of staff awareness of what inventory
was stored where,
 Nonstandard Ordering procedures all contributed
to these problems.

10.  The hospital had unused inventory of about
$145,000 worth and an additional of expired
supplies of $29,000 worth.

11.  Housecleaning, like ensuring that staff unpack the
supplies as soon as they are received, so to prevent
accidental reordering because clinicians were not
aware that inventory had arrived.
 Educate physicians and staff on strategies
 Sharing tips with clinical staff for
effective inventory management practiced across
the industry
 standardized reordering process to adjust the
increased traffic
 Establishing a system with the hospital staff
to communicate the lead times for acquisition of
high-volume and high-value products. As well as
alerts for changing the supplier inventory levels on
critical supplies.

12.  Establishing a system with the hospital staff
to communicate the lead times for acquisition
of high-volume and high-value products. As
well as alerts for changing the supplier
inventory levels on critical supplies.
 Gather the data and provide feedbacks to the
company, Boston Scientific.

13.  Technological approach can bring back the
products of expiry date (obsolete technology)
and can do the required changes in the older
model to make a new one.
 To reduce their costs and building more
chances for the manufacturing of further
innovative products

14.  www.bostonscientific.com
THANK YOU