Infiniti Research, a global market intelligence solutions provider, has just released their new supplier identification and profiling study on the medical packaging industry. A renowned company in the medical packaging space wanted to understand the supplier characteristics and create a scorecard to rank the needs of the customers. The client wanted to find ways to define and measure the best strategies for the organization.
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Infiniti's Supplier Identification and Profiling Helps a Medical Packaging Client Improve Supply Relationship (Graphic: Business Wire)
According to the supplier identification and profiling professionals at Infiniti, “Supplier identification and profiling help firms form a robust selection process based on factors such as service, pricing, quality, reliability.”
Over the past few years, factors like changes in lifestyle, increase in disposable income, and relative advances in medical technology globally are driving the demand for the medical packaging industry. Medical packaging plays an important role in conserving the health-based outcomes. As a result, firms operating in the medical packaging space are emphasizing on the use of modern technologies to expand the quality and cost-effectiveness of the products offered.
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The solution presented by Infiniti helped the client to rank the suppliers and focus on high-risk suppliers while observing second-tier suppliers. The client was able to determine supplier performance and understand the supplier strength and weaknesses to develop the supply chain visibility.
This supplier identification and profiling solution provided benefits that helped the client to:
- Profile the right suppliers based on their characteristics
- Improve the time-to-market for the products offering
- To read more, request a free proposal
This supplier identification and profiling solution provided predictive insights on:
- Detecting a slow improvement in the raw materials used for the production
- Smart packaging, electronic tagging, and RFID technology influencing the growth of this industry
- To read more, request a free proposal
View the complete supplier identification and profiling study here:
https://www.infinitiresearch.com/casestudy/medical-packaging-supplier-selection
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies.
With 15+ years of experience and offices across three continents, Infiniti Research has been instrumental in providing a complete range of competitive intelligence, strategy, and research services for over 550 companies across the globe.
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