The document summarizes the retail business environment for optometry practices in Malaysia. It discusses opportunities in different practice settings and data from eye health surveys on refractive errors and visual impairment prevalence. The document also covers the ophthalmic market size, common business practices and services offered. It analyzes the internal environment using SWOT and discusses factors in the external environment like demographics, politics, economics, technology and social responsibilities that can impact an optometry business.
The document discusses strategies for analyzing a business's internal strengths and weaknesses and external opportunities and threats using the SWOT analysis and TOWS matrix tools. It explains that SWOT analysis identifies key business characteristics but does not guide strategy selection, while the TOWS matrix integrates SWOT factors to suggest strategies by matching opportunities/threats with strengths/weaknesses. Examples of different types of strategies produced from the TOWS matrix are provided.
Orthopaedic Care Shifts to Outpatient and Urgent Care ClinicsApril Bright
The Shift in Care Delivery - As the healthcare delivery system evolves, hospitals may no longer be the first stop for patients seeking orthopaedic care. This is evidenced by the growing trend of surgeons moving to the outpatient setting, as patients seek less invasive procedures. Orthopaedic urgent care centers have also emerged as a viable alternative, due to their ability to address price concerns in the industry by reducing time and overhead costs for both providers and patients.
Attendees gain more insight into this shift, and learn how it will affect demands on manufacturers from a product design and delivery standpoint.
In this report, ISR leverages the insights and real-world experiences investigative sites have with electronic medical records (EMRs) and clinical trials. The report examines how sites currently use EMRs for various clinical trial activities and provides recommendations to improve trial efficiency.
This is a 20-minute lecture covering points to consider when building value proposition unique to medical technology. It begins with a brief review of issues related to market adoption for medical technology and the hurdles that a medical technology innovator may encounter when taking a product to market. You will learn about the 7 key factors that would boost market fit.
http://semoegy.com
Research ‘aarkstore research.com’ the sun products corporation swot analysis ...Neel Terde
The document provides an overview and SWOT analysis of The Sun Products Corporation. It summarizes the company's key facts, locations, subsidiaries, and business operations. The SWOT analysis is part of a standardized research methodology used to objectively report on the company's strengths, weaknesses, opportunities, and threats. It is a crucial resource for executives and others seeking to quickly understand the company.
Workshop de Inovação em Medical Devices, realizado pelo EmpreenderSaúde com os professores de Stanford Robson Capasso e Ravi Pamnani.
Um workshop de um dia inteiro sobre como criar novos equipamentos médicos com a técnica (adaptada à realidade brasileira) que Stanford utiliza todos os anos para treinar médicos, engenheiros e empreendedores com o apoio de empresas como Medtronic, Covidien, Abbott, Johnson&Johnson entre outros.
The document summarizes the retail business environment for optometry practices in Malaysia. It discusses opportunities in different practice settings and data from eye health surveys on refractive errors and visual impairment prevalence. The document also covers the ophthalmic market size, common business practices and services offered. It analyzes the internal environment using SWOT and discusses factors in the external environment like demographics, politics, economics, technology and social responsibilities that can impact an optometry business.
The document discusses strategies for analyzing a business's internal strengths and weaknesses and external opportunities and threats using the SWOT analysis and TOWS matrix tools. It explains that SWOT analysis identifies key business characteristics but does not guide strategy selection, while the TOWS matrix integrates SWOT factors to suggest strategies by matching opportunities/threats with strengths/weaknesses. Examples of different types of strategies produced from the TOWS matrix are provided.
Orthopaedic Care Shifts to Outpatient and Urgent Care ClinicsApril Bright
The Shift in Care Delivery - As the healthcare delivery system evolves, hospitals may no longer be the first stop for patients seeking orthopaedic care. This is evidenced by the growing trend of surgeons moving to the outpatient setting, as patients seek less invasive procedures. Orthopaedic urgent care centers have also emerged as a viable alternative, due to their ability to address price concerns in the industry by reducing time and overhead costs for both providers and patients.
Attendees gain more insight into this shift, and learn how it will affect demands on manufacturers from a product design and delivery standpoint.
In this report, ISR leverages the insights and real-world experiences investigative sites have with electronic medical records (EMRs) and clinical trials. The report examines how sites currently use EMRs for various clinical trial activities and provides recommendations to improve trial efficiency.
This is a 20-minute lecture covering points to consider when building value proposition unique to medical technology. It begins with a brief review of issues related to market adoption for medical technology and the hurdles that a medical technology innovator may encounter when taking a product to market. You will learn about the 7 key factors that would boost market fit.
http://semoegy.com
Research ‘aarkstore research.com’ the sun products corporation swot analysis ...Neel Terde
The document provides an overview and SWOT analysis of The Sun Products Corporation. It summarizes the company's key facts, locations, subsidiaries, and business operations. The SWOT analysis is part of a standardized research methodology used to objectively report on the company's strengths, weaknesses, opportunities, and threats. It is a crucial resource for executives and others seeking to quickly understand the company.
Workshop de Inovação em Medical Devices, realizado pelo EmpreenderSaúde com os professores de Stanford Robson Capasso e Ravi Pamnani.
Um workshop de um dia inteiro sobre como criar novos equipamentos médicos com a técnica (adaptada à realidade brasileira) que Stanford utiliza todos os anos para treinar médicos, engenheiros e empreendedores com o apoio de empresas como Medtronic, Covidien, Abbott, Johnson&Johnson entre outros.
Dan Dodd - Challenges & Value of Deploying S&OP (2.0) (2)ddodd
Dan Dodd has over 15 years of experience in operations and supply chain management. He will discuss implementing sales and operations planning (S&OP) and operational excellence at companies like Cooper Industries and start-ups. S&OP is key to operational excellence and sets strategic direction, though it is only 25% of the effort while lean is 75%. Medical device companies have opportunities to improve with average inventory turns of 2.1 compared to other industries. Regulations have slowed change but factors are emerging like hospital ownership and expiring patents.
Economist Intelligence Unit 2013 report explores the business impact of strategic CIOs and offers advice to CIOs transitioning to a more strategic role.
Supply Chain Metrics That Matter: A Critical Look at Operating Margin -10 DEC...Lora Cecere
This document provides a summary and analysis of operating margin performance across several industries from 2000-2012. It finds that operating margin, a key measure of profitability, has become increasingly difficult for most companies to improve over the long-term. Only the consumer electronics and consumer packaged goods industries saw average operating margin increases. The document examines operating margin trends and balancing priorities like inventory turns for several industries, finding that less than 40% of the companies profiled improved their margin from 2000-2012. It provides recommendations for improving operating margin through benchmarking, process focus, strategic alignment, and planning.
The document summarizes a report from the Deloitte Center for the Edge about long-term trends fundamentally reshaping business landscapes called "The Big Shift". It finds that return on assets for U.S. public companies has declined 75% since 1965, suggesting the current way of doing business is broken. The report provides industry-level analysis of these trends for nine major U.S. industries. It finds few safe harbors from increasing performance pressures and that industries are experiencing these pressures earlier and more severely depending on their involvement with digital technologies. The report also discusses how customers and creative talent are benefiting from these trends more than companies are.
SolarWinds IT Trends Report 2015: Business at the Speed of IT (Germany)SolarWinds
A look at the current state of significant new technology adoption, barriers to adoption and needs of IT pros tasked with delivering business impact in Germany.
SolarWinds IT Trends Report 2015: Business at the Speed of IT (North America)SolarWinds
A look at the current state of significant new technology adoption, barriers to adoption and needs of IT pros tasked with delivering business impact in North America.
Asset Information and Analytics Drivers of Process Industry Operational Excel...Rolta
This document discusses how asset information management (AIM) is essential for operational excellence in process industries. It argues that poor AIM results in significant financial losses and increased safety and environmental risks for process industry companies. The document estimates that typical process industry organizations lose approximately 1.5% of annual sales revenue due to poor AIM. It advocates that organizations implement an AIM strategy to provide reliable asset information to all stakeholders, in order to improve asset performance, lower costs, and increase profits. The document also describes the types of asset information needed and the challenges of ensuring information quality and usability across engineering and operations teams.
Supply Chain Metrics That Matter: Semiconductors and Hard Disk Drives - 18 FE...Lora Cecere
Executive Overview
Supply chain leaders struggle to align corporate and supply chain strategy and drive improved performance. We term this difficult balancing act The Effective Frontier and explain it as the process of balancing growth, profitability, cycle and complexity within a company’s supply chain operations.
A supply chain is a complex system with increasing complexity. A major gap in many supply chain strategies is a nuanced understanding of supply chain potential when these elements are viewed together as a system.
The focus of this report is semiconductor and hard disk drive manufacturers. As seen in table 1, when it comes to supply chain performance, the industry is neither the best nor the worst. They fall squarely in the middle. While middle of the pack in operating margin, the industry has shown an increase in the cash-to-cash cycle and a decrease in inventory turns. With increasing complexity, the industry has struggled to maintain inventory turn performance over the period.
Companies further back in the supply chain have struggled to a higher degree to balance The Effective Frontier than those closer to usage. This is largely due to the bullwhip effect—the distortion of a demand signal as it gets passed downstream from trading partner to trading partner. The chemical industry manufacturers, like semiconductor & hard disk drive manufacturers, are three to five levels back in the supply chain. Comparing the results in table 1 for the two industries illustrates how much better the semiconductor & hard disk drive manufacturers have done in a similar orientation. Operating margin is comparable across the two, but the chemical industry has a higher cash-to-cash cycle level and almost a 50% lower inventory turns value.
Semiconductor and hard disk drive manufacturers have been successful in a challenging downstream position. Cost pressure from OEMS has not (as of yet) cut into margin, and growth levels have remained strong with the move to mobile. Inventory remains problematic with all six companies in this report, demonstrating increased DOI and decreased inventory turns, since the start of the century. Part of this is likely due to the lengthening of the global supply chain, while another part is partly due to rising product and process complexity, but it remains a concern.
Historically, the industry has made strong gains on productivity. An increasing move towards automation in the precision driven manufacturing environment is expected to continue the rise in revenue per employee performance.
In this report, we discuss the financial realities of the semiconductor and hard disk drive supply chain and offer recommendations for improvement.
PPDI is one of the top 10 clinical research organizations that provides drug development services. It has over 6,600 employees operating in 38 locations worldwide. PPDI generates most of its revenue from late-stage clinical trials. While it has strengths like operating efficiencies, it also faces weaknesses such as lack of diversification and high employee turnover. Opportunities include expanding into new areas like medical devices and proprietary drug development, while threats include increased competition and changes in the pharmaceutical industry.
Managing Reliability Expectations & Warranty Costs in Medical ElectronicsCheryl Tulkoff
What are ‘medical’ electronics?
Is it a realistic category?
Some implanted in the body; some outside
Some portable; some fixed
Some complex; some simple
Some control; some monitor; some medicate
All connected by the perception that one’s life
may be dependent upon this product
Creates a powerful emotional attachment/effect
Assuring reliability becomes critical
SolarWinds IT Trends Report 2015: Business at the Speed of IT (Singapore)SolarWinds
A look at the current state of significant new technology adoption, barriers to adoption and needs of IT pros tasked with delivering business impact in Singapore.
Offshoring benefits such as lower costs are still valid, but a reassessment is needed. While offshoring saved money initially, hidden costs and wage increases in countries like India have reduced savings. Government actions now prohibit some offshore outsourcing. New risks have also emerged, so strategic objectives and requirements should be re-evaluated to determine if the current offshore model still fits or if onshoring or new options should be considered. A thorough review process assessing business changes, assumptions, costs, quality and objectives is recommended to inform contract renewal decisions.
Strategic Management Presentation Final PPT Juan Valverde
This document analyzes the strategic position of Presence Mercy Medical Center. It conducts a situation analysis including a remote analysis of the healthcare industry, Porter's 5 forces analysis, and a SWOT analysis. It profiles Presence Mercy and its main competitor, Rush-Copley Medical Center. The document recommends a two-phase strategy. Phase one focuses on controlling costs through technology upgrades and developing physician relationships. Phase two suggests expanding services through new clinics in underserved areas to capture more market share from competitors like Rush-Copley.
SolarWinds IT Trends Report 2015: Business at the Speed of IT (United Kingdom)SolarWinds
A look at the current state of significant new technology adoption, barriers to adoption and needs of IT pros tasked with delivering business impact in the United Kingdom.
Business environmennt ppt ammuhari creationsammuhariharan
This document defines business environment and discusses its key features and importance. It states that business environment includes all internal and external factors that influence a company's operations, such as employees, customers, management, and regulations. It also notes that the business environment is the total of external forces outside a company's control that affect its functioning, and that the environment is dynamic and varies between locations.
This document analyzes the cash-to-cash cycle metric across several industries over the past decade using publicly available financial data. It finds that only the high-tech and electronics industry made substantial progress in reducing its cash-to-cash cycle. Most other industries showed limited improvement, and in some cases like automotive, the cash-to-cash cycle increased. The document also notes that companies that prioritized supply chain excellence, like Toyota and Procter & Gamble, outperformed their peers. Finally, it observes that for some mature industries, the only progress made was through increasing days of payables, which can hurt supply chain resiliency.
What is Supply Chain Management System? Adeel Younas
Supply Chain Management Activities
Managing inventory–raw materials, work-in-process, and finished goods
Executing production
Transporting resources to customers
Tracking the flow of resources from suppliers, through the firm, and to customers
Planning and Control Assignment related to Dell IncMaha H
Dell monitors and adapts to its changing environment through tools like PEST and SWOT analysis to identify opportunities and threats and build relevant marketing strategies. It is important for Dell to understand factors like technological developments, government policies, and competitor actions. By continuously analyzing trends, Dell aims to achieve its objectives, improve decision making, develop new products, and motivate employees. This allows Dell to compete effectively and grow its business in different country markets like China.
The document discusses the top issues facing healthcare in 2010, including the push for adoption of health information technology through federal stimulus funds, the arrival of electronic medical records, ongoing consolidation in the industry, and challenges around cost containment, reimbursement pressures, physician enterprise issues, and ensuring an adequately trained workforce to utilize new health technologies. Key bodies shaping the future include HHS, ONC, CMS, certification bodies, and standards development organizations.
More Related Content
Similar to Operational Excellence in the Medical Device Industry
Dan Dodd - Challenges & Value of Deploying S&OP (2.0) (2)ddodd
Dan Dodd has over 15 years of experience in operations and supply chain management. He will discuss implementing sales and operations planning (S&OP) and operational excellence at companies like Cooper Industries and start-ups. S&OP is key to operational excellence and sets strategic direction, though it is only 25% of the effort while lean is 75%. Medical device companies have opportunities to improve with average inventory turns of 2.1 compared to other industries. Regulations have slowed change but factors are emerging like hospital ownership and expiring patents.
Economist Intelligence Unit 2013 report explores the business impact of strategic CIOs and offers advice to CIOs transitioning to a more strategic role.
Supply Chain Metrics That Matter: A Critical Look at Operating Margin -10 DEC...Lora Cecere
This document provides a summary and analysis of operating margin performance across several industries from 2000-2012. It finds that operating margin, a key measure of profitability, has become increasingly difficult for most companies to improve over the long-term. Only the consumer electronics and consumer packaged goods industries saw average operating margin increases. The document examines operating margin trends and balancing priorities like inventory turns for several industries, finding that less than 40% of the companies profiled improved their margin from 2000-2012. It provides recommendations for improving operating margin through benchmarking, process focus, strategic alignment, and planning.
The document summarizes a report from the Deloitte Center for the Edge about long-term trends fundamentally reshaping business landscapes called "The Big Shift". It finds that return on assets for U.S. public companies has declined 75% since 1965, suggesting the current way of doing business is broken. The report provides industry-level analysis of these trends for nine major U.S. industries. It finds few safe harbors from increasing performance pressures and that industries are experiencing these pressures earlier and more severely depending on their involvement with digital technologies. The report also discusses how customers and creative talent are benefiting from these trends more than companies are.
SolarWinds IT Trends Report 2015: Business at the Speed of IT (Germany)SolarWinds
A look at the current state of significant new technology adoption, barriers to adoption and needs of IT pros tasked with delivering business impact in Germany.
SolarWinds IT Trends Report 2015: Business at the Speed of IT (North America)SolarWinds
A look at the current state of significant new technology adoption, barriers to adoption and needs of IT pros tasked with delivering business impact in North America.
Asset Information and Analytics Drivers of Process Industry Operational Excel...Rolta
This document discusses how asset information management (AIM) is essential for operational excellence in process industries. It argues that poor AIM results in significant financial losses and increased safety and environmental risks for process industry companies. The document estimates that typical process industry organizations lose approximately 1.5% of annual sales revenue due to poor AIM. It advocates that organizations implement an AIM strategy to provide reliable asset information to all stakeholders, in order to improve asset performance, lower costs, and increase profits. The document also describes the types of asset information needed and the challenges of ensuring information quality and usability across engineering and operations teams.
Supply Chain Metrics That Matter: Semiconductors and Hard Disk Drives - 18 FE...Lora Cecere
Executive Overview
Supply chain leaders struggle to align corporate and supply chain strategy and drive improved performance. We term this difficult balancing act The Effective Frontier and explain it as the process of balancing growth, profitability, cycle and complexity within a company’s supply chain operations.
A supply chain is a complex system with increasing complexity. A major gap in many supply chain strategies is a nuanced understanding of supply chain potential when these elements are viewed together as a system.
The focus of this report is semiconductor and hard disk drive manufacturers. As seen in table 1, when it comes to supply chain performance, the industry is neither the best nor the worst. They fall squarely in the middle. While middle of the pack in operating margin, the industry has shown an increase in the cash-to-cash cycle and a decrease in inventory turns. With increasing complexity, the industry has struggled to maintain inventory turn performance over the period.
Companies further back in the supply chain have struggled to a higher degree to balance The Effective Frontier than those closer to usage. This is largely due to the bullwhip effect—the distortion of a demand signal as it gets passed downstream from trading partner to trading partner. The chemical industry manufacturers, like semiconductor & hard disk drive manufacturers, are three to five levels back in the supply chain. Comparing the results in table 1 for the two industries illustrates how much better the semiconductor & hard disk drive manufacturers have done in a similar orientation. Operating margin is comparable across the two, but the chemical industry has a higher cash-to-cash cycle level and almost a 50% lower inventory turns value.
Semiconductor and hard disk drive manufacturers have been successful in a challenging downstream position. Cost pressure from OEMS has not (as of yet) cut into margin, and growth levels have remained strong with the move to mobile. Inventory remains problematic with all six companies in this report, demonstrating increased DOI and decreased inventory turns, since the start of the century. Part of this is likely due to the lengthening of the global supply chain, while another part is partly due to rising product and process complexity, but it remains a concern.
Historically, the industry has made strong gains on productivity. An increasing move towards automation in the precision driven manufacturing environment is expected to continue the rise in revenue per employee performance.
In this report, we discuss the financial realities of the semiconductor and hard disk drive supply chain and offer recommendations for improvement.
PPDI is one of the top 10 clinical research organizations that provides drug development services. It has over 6,600 employees operating in 38 locations worldwide. PPDI generates most of its revenue from late-stage clinical trials. While it has strengths like operating efficiencies, it also faces weaknesses such as lack of diversification and high employee turnover. Opportunities include expanding into new areas like medical devices and proprietary drug development, while threats include increased competition and changes in the pharmaceutical industry.
Managing Reliability Expectations & Warranty Costs in Medical ElectronicsCheryl Tulkoff
What are ‘medical’ electronics?
Is it a realistic category?
Some implanted in the body; some outside
Some portable; some fixed
Some complex; some simple
Some control; some monitor; some medicate
All connected by the perception that one’s life
may be dependent upon this product
Creates a powerful emotional attachment/effect
Assuring reliability becomes critical
SolarWinds IT Trends Report 2015: Business at the Speed of IT (Singapore)SolarWinds
A look at the current state of significant new technology adoption, barriers to adoption and needs of IT pros tasked with delivering business impact in Singapore.
Offshoring benefits such as lower costs are still valid, but a reassessment is needed. While offshoring saved money initially, hidden costs and wage increases in countries like India have reduced savings. Government actions now prohibit some offshore outsourcing. New risks have also emerged, so strategic objectives and requirements should be re-evaluated to determine if the current offshore model still fits or if onshoring or new options should be considered. A thorough review process assessing business changes, assumptions, costs, quality and objectives is recommended to inform contract renewal decisions.
Strategic Management Presentation Final PPT Juan Valverde
This document analyzes the strategic position of Presence Mercy Medical Center. It conducts a situation analysis including a remote analysis of the healthcare industry, Porter's 5 forces analysis, and a SWOT analysis. It profiles Presence Mercy and its main competitor, Rush-Copley Medical Center. The document recommends a two-phase strategy. Phase one focuses on controlling costs through technology upgrades and developing physician relationships. Phase two suggests expanding services through new clinics in underserved areas to capture more market share from competitors like Rush-Copley.
SolarWinds IT Trends Report 2015: Business at the Speed of IT (United Kingdom)SolarWinds
A look at the current state of significant new technology adoption, barriers to adoption and needs of IT pros tasked with delivering business impact in the United Kingdom.
Business environmennt ppt ammuhari creationsammuhariharan
This document defines business environment and discusses its key features and importance. It states that business environment includes all internal and external factors that influence a company's operations, such as employees, customers, management, and regulations. It also notes that the business environment is the total of external forces outside a company's control that affect its functioning, and that the environment is dynamic and varies between locations.
This document analyzes the cash-to-cash cycle metric across several industries over the past decade using publicly available financial data. It finds that only the high-tech and electronics industry made substantial progress in reducing its cash-to-cash cycle. Most other industries showed limited improvement, and in some cases like automotive, the cash-to-cash cycle increased. The document also notes that companies that prioritized supply chain excellence, like Toyota and Procter & Gamble, outperformed their peers. Finally, it observes that for some mature industries, the only progress made was through increasing days of payables, which can hurt supply chain resiliency.
What is Supply Chain Management System? Adeel Younas
Supply Chain Management Activities
Managing inventory–raw materials, work-in-process, and finished goods
Executing production
Transporting resources to customers
Tracking the flow of resources from suppliers, through the firm, and to customers
Planning and Control Assignment related to Dell IncMaha H
Dell monitors and adapts to its changing environment through tools like PEST and SWOT analysis to identify opportunities and threats and build relevant marketing strategies. It is important for Dell to understand factors like technological developments, government policies, and competitor actions. By continuously analyzing trends, Dell aims to achieve its objectives, improve decision making, develop new products, and motivate employees. This allows Dell to compete effectively and grow its business in different country markets like China.
The document discusses the top issues facing healthcare in 2010, including the push for adoption of health information technology through federal stimulus funds, the arrival of electronic medical records, ongoing consolidation in the industry, and challenges around cost containment, reimbursement pressures, physician enterprise issues, and ensuring an adequately trained workforce to utilize new health technologies. Key bodies shaping the future include HHS, ONC, CMS, certification bodies, and standards development organizations.
Similar to Operational Excellence in the Medical Device Industry (20)
Operational Excellence in the Medical Device Industry
1. Dan Dodd, Vice President of Operations and Supply Chain Sales & Operations Planning Summit September 15-16, 2011 | InterContinental | Boston http://www.theiegroup.com/SOP_Boston/Overview.html Operational Excellence in the Medical Device & OrthopaedicsIndustry
2. Presentation Structure Defining operational excellence The opportunity in the medical device industry The barriers The dynamics of the industry Key changes in the landscape #1 reason S&OP does not achieve potential
3. Operational Excellence – Two Keys Modern operational excellence is 75% lean and 25% S&OP in terms of effort/focus, but S&OP comes first because it sets the direction S&OP Lean Six-Sigma
10. Is the SG&A and R&D paying off? Market share is stable – is it all hot air?
11. Key Industry Dynamics Cost is #1 for High-tech, CPG, etc Med Device Required and increasing government controls have meant the industry moves slowly, including the adoption of new practices, such as six-sigma… but this is changing
Doctors are aligning with hospitals55% of practices are now hospital-owned Up from 50% in 2008, and 30% in 2003 While 65% of physicians who changed jobs in 2009 moved to a hospital-owned practice..and hospitals pay for the devicesWell over 100 pedicle screw companiesCommons devices are rolling off patents The medical device is a relatively new industry, dating to antibiotics 75% of the orthopaedic implant industry consists of devices that are expired or soon to be expired IP (intellectual property)…and don’t need a sales rep in the ORProcedures have almost doubled in the past 10, but prices are 60% higher A generic medical device industry is developing, similar to the pharmaceutical model…and they care about costThe big players are starting to feel the heat…they are hiring and building up lean expertise…but will they reactlike Lucent did to Cisco or like Cooper did to Danaher?