Business Model of Medical Device Contract Manufacturing Free Essay Example, 1750 words

The company was not in a position to compete on price with smaller but efficient rivals because of its higher internal costs. Once the company management identified that lack of an effective IT governance structure was the root cause of current net losses, the management hired a new CIO, Shawn Atkins with intent to formulate fruitful IT solutions and thereby to effectively integrate the operations of the company. All these factors point out that MDCM focuses on timely IT strategies in order to meet rapidly changing business trends and associated requirements. The MDCM strongly promotes product quality as its primary objective and therefore the company works closely with its customers. Through this practice, the company also intends to optimize designs for manufacturability and thereby to trim down manufacturing costs to some extent. The firm has set its motto as absolute commitment to delivering quality parts and assemblies on time (Integrity CMi. com). In short, customer satisfact ion is one of the major strategic goals of the firm at this time. In addition, the company tries to expand its business horizon on the strength of acquisitions of non-US based firms that have potential competencies in contract manufacturing. We will write a custom essay sample on Business Model of Medical Device Contract Manufacturing or any topic specifically for you Only $17.96 $11.86/page