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QMed, Inc. (QMED) Releases Top-Line Findings of Medical Device Supplier Sourcing Trends Study


6/7/2011 1:17:37 PM

NEW YORK, June 7, 2011 /PRNewswire/ -- UBM Canon and Qmed, the world's only 100% qualified medical device supplier directory, released the top-line findings from a supplier sourcing study focused on how medical device manufacturers research, identify, and select suppliers during the product design cycle. The study further explored the types of resources, qualifications, and organization information that medical device design and manufacturing professionals accessed and used during that process. The results clearly established the importance of qualifications and certifications when sourcing medical device suppliers and affirmed Qmed's core mission and role in that process.

(Logo: http://photos.prnewswire.com/prnh/20101214/LA16070LOGO)

"Qmed launched just over one year ago as the world's only online directory of qualified suppliers to the medical device industry. Today we release findings from this comprehensive supplier sourcing survey that validate Qmed's value proposition is right on target. We can also now confirm via third-party data that the site is a respected and essential resource used by medical device manufacturers researching and identifying potential suppliers," stated Stephen Corrick, Senior Vice President and Executive Director of UBM Canon. "The results only strengthen our focus on building a more robust, content-rich qualified supplier directory; enhancing search capabilities; and developing tools that efficiently connect medical device manufacturers with qualified suppliers during the product design cycle."

The qualitative and quantitative surveys were conducted by third-party, business-to-business research firms Merrill Research and TMC Group. Top-line findings were presented today at MD&M East, UBM Canon's leading trade show and conference for the medical device design and manufacturing community, held June 7-9 at the Javits Convention Center in New York City.

"The results of the study provide real insights on how suppliers can ensure that their organizations are not only found during the supplier sourcing process, but selected for further evaluation," stated Tim Simone, Brand Director for Qmed. Other key themes and findings presented today by Simone and Rich Nass, Content Director of the UBM Canon Medical Device Media Group, include:

  • Qualifications do matter during both the supplier sourcing and selection processes
  • A significant amount of valuable time is spent sourcing suppliers during the product design cycle
  • Approved vendor lists/processes are required no matter what the organization size
  • Online supplier directories are a key resource used when sourcing suppliers
  • Medical device manufacturers are seeking detailed product, capability, and certification information prior to making contact with a supplier
  • Qmed is a valued resource and has significant opportunities to build on its unique value proposition

"Medical device manufacturers spend a considerable amount of time sourcing suppliers and they want to efficiently research potential partners that they know meet their quality and certification standards," Simone added. "They are also looking for in-depth, detailed information focused on particular supplier attributes as well as easy access to company brochures, data sheets, and white papers. Qmed enables this type of pre-qualified, medical device supplier search. We look forward to sharing the key findings with our qualified supplier community and using the results to make Qmed an even more powerful platform."

The complete results of the study will be available later this month. For a presentation of the findings, please contact Tim Simone, Qmed Brand Director, at 310/445-3767 or at tim.simone@ubm.com.

About Qmed

Qmed is the world's ONLY 100% qualified medical device supplier directory and search engine, created exclusively for OEMs actively researching and sourcing qualified suppliers, products, and services during the product design cycle. Powered by advanced keyword search and embedded with relevant supplier and industry content, rich media, and RFP opportunities, Qmed is the critical resource used to connect medical device OEMs with qualified suppliers. From medical device contract manufacturers to stock component suppliers industry consultants, Qmed's powerful search tool, directory, and white paper library serves only relevant, editorially screened supplier listings and resources to provide the most efficient supplier-sourcing experience for medical device OEMs. Qualified suppliers are determined by verification of such criteria as: currently work with medical device OEMs, exhibit at medical device industry trade shows, are GMP compliant, have ISO 9000 and/or ISO 13485 certification, and/or are FDAregistered.

About UBM Canon

UBM Canon, the leading B2B media company dedicated exclusively to the global $3.0 trillion advanced manufacturing sector, helps support the flow of information, commerce, and innovation in such sophisticated segments as medical devices and pharmaceutical development. UBM Canon also addresses cutting-edge developments in broader areas of advanced engineering design and manufacturing, and manufacturing processes and packaging. UBM Canon is part of UBM plc (UBM.L) a global provider of media and information services for professional B2B communities and markets.

SOURCE UBM Canon



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