Glossary Term
Logistics in Device Manufacturing
Definition
Logistics in device manufacturing encompasses the planning, coordination, and execution of the supply chain and distribution processes involved in producing medical devices. It includes procurement of raw materials, inventory management, production scheduling, packaging, transportation, and delivery to customers or end-users while ensuring compliance with regulatory requirements.
Relevance to the MedTech Industry
Efficient logistics ensure timely availability of materials, streamlined production, and prompt delivery of medical devices to healthcare providers or distributors. This is critical for meeting patient needs, maintaining quality standards, and optimizing costs in a highly regulated industry.
Additional Information & Related Terms
Related Terms
Supply Chain Management (SCM): The broader system of managing the flow of goods and services in manufacturing.
Inventory Management: Monitoring and controlling stock levels of materials and finished goods.
Traceability: Ensuring the ability to track materials and products through all stages of the supply chain.
Cold Chain Logistics: Specialized logistics for transporting temperature-sensitive goods.
Regulatory Compliance: Adherence to global standards and regulations governing medical device manufacturing and distribution.