(Updated June 2019)
It is no surprise that medical device manufacturers must adhere to critical medical quality standards. The stakes are high when building and deploying medical devices used to treat patients and their illnesses around the globe. Thus when manufacturers are sourcing their injection molds for parts needed in their devices, the most pressing concern must be to first identify suppliers with proven track records of success and that are fully equipped with excellent facilities, quality controls, and highly specialized personnel. Consistent delivery of highly precise and durable parts is essential to minimizing the financial loss and disastrous medical toll of a failed component or device. Taking a Total Cost of Ownership analysis approach to anticipate the direct and indirect life cycle costs when selecting the right injection molding company is the best business practice to select the most cost effective and reliable molding company to partner with.