Pre-commercialization is the time to choose the right partners for product design, initial manufacturing runs and eventual scaling post-regulatory clearance and rapid growth. This can be a challenge as no one partner is optimal across all needs, rather startups must build a high-performing network of partners and manage it effectively.
Over time, this network will evolve along the needs of the growing business. We can help build and maintain this ecosystem to serve your business.
Depending on regulatory strategy, a number of production runs may be needed, from prototypes for human factors testing to clinical trials. Approaching clearance, accurate forecasting that optimizes for both cashflow and COGS is key, along with plans around last-mile distribution, returns management, customer service and technical support.
Building streamlined and compliant processes, as well as staffing for success during this phase are additional considerations Veralur is happy to advise on.
As organizations outgrow the early stage, processes need to replace heroics to maintain quality (of service!). Revenue growth and new capabilities may demand new partners or working with existing partners to implement new ways of working, adjust training, add lines, etc. At the same time, gross margin is expected to increase,
We have experience troubleshooting growing pains and offering options to resolve bottlenecks as organizations cross the adoption chasm.
Each market has risk and upside. From an operations POV, you will need to consider shipping costs versus local distribution partners, labeling changes and regulatory impacts to your product and supply chain. Perhaps building partnerships with local suppliers of add-on products is more cost-efficient than shipping and warehousing overseas product.
If your solution requires on-site installation or support, there are different staffing models. If you are digital only, you need to consider regulations around privacy, data sharing and storage across borders.
Optimizing for quality, speed and cost can sound like a conundrum until you are able to quantify your E2E operational cost. We can help map your value-stream across manufacturing, logistics, support, returns and sales (renewals!).
Veralur makes visible a complete picture so can you make informed decisions not just for today but throughout your planning horizon and across various scenarios. In the process, we help your team build the tools and skillsets to drive excellence in quality and efficiency
going forward.
Few reacted to Covid-19 with the necessary speed and understanding to secure timely and cost-effective supply. Veralur led the charge for Philips, securing inventory back through the supply chain beyond the initial OEM layer.
The result was not just critical product delivery in an unparalleled state of emergency but cost savings on both freight and assembled product. Worried about how your business would fare in a crisis? Reach out today for an evaluation & recommendations.
Boston, Massachusetts, United States
Tel: +1 (617) 407-1347
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Veralur MedTech Consulting
Boston, Massachusetts, United States
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