The Key to Successful Supply Chain Management

by Todd McDonald on December 1, 2011

Coming together is a beginning.
Keeping together is progress.
Working together is success.

-Henry Ford

A sentiment we think is especially relevant when it comes to supply chain management and one that was echoed by Jo Pisana, a partner in global pharmaceuticals and life sciences at PricewaterhouseCoopers, in a recent news release on this topic. As Pisana stated, “Efficiency is the name of the game and the adoption of a more collaborative approach could just be the key to unlocking this potential. Working with others accelerates and facilitates innovation, discovery and development, which in turn can reduce costs and benefit both large and smaller companies.”

At TEQ we couldn’t agree more. In fact, in addition to our contract packaging capabilities, one of our core competencies is providing innovative and sustainable solutions through the redesign and management of entire workflow processes.

Case in point. In August of 2009, we were awarded a contract to take over production of diagnostic probe covers for a leading ear thermometer manufacturer.  In addition to building a fully-functional ISO 13485 Registered facility within months (the first of its kind for a thermoform manufacturer), we also played a critical role in re-examining the entire workflow process to identify multiple opportunities for improvement and increased efficiencies.

Critical to this process was our partnership and collaboration with other companies in the supply chain. Together, we worked to create a streamlined workflow process as well as custom tools to reduce transportation/ freight costs, eliminate excess inventory and optimize the distribution network.

As a result of these efforts, in March 2010 (just six months from contract award), we achieved first-article production – and today, in collaboration with our partners our facility produces, tests and ships millions of probe covers every day – a total of one billion parts since the project’s inception – with zero defects in the field – a supply chain success story we are extremely proud of.

Do you have a supply chain collaboration success story you would like to share?

{ 2 comments… read them below or add one }

Tim Traub December 13, 2011 at 4:31 pm

At Outlook Group Corp we have developed and implemented several supply chain solutions, taking over all of the print, distribution, and even invoicing of product for our end customers. For one of our customers, they originally managed all of the outsourcing for production, distribution, and inventory of their end products, across a geographic footprint of 14 States We collaborated with them and delivered a Supply Chain solution that delivers the same program, accomplished in one facility. They gained more control, faster speed to market, at much lower hard and soft costs. SCM works, but carefully choose partners with porven track records that know the process. TEQ obviously does, and you should be proud of it!

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Todd McDonald January 20, 2012 at 10:05 am

Thank you Tim. Like Outlook Group, we think that developing and implementing supply chain solutions is especially important when inefficiencies are apparent. In addition to the benefits you mentioned (regarding control, costs and speed to market), by providing SCM we can also provide our customers with greater adaptability when it come to shifts in supply/demand, as well as better compliance with regulatory requirements – giving them a unique advantage over the competition.

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