How Demand Management Helped a Medical Device Company Achieve Savings of Over $5.2 Million | Infiniti Research’s Latest Success Story
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190823005008/en/
Although the US medical device industry has been progressing at an incredible rate over the past few years, increasing demand fluctuations are making inventory planning quite challenging for companies operating in the medical device industry. Also, to meet the rising market demand, companies in the medical device industry are under pressure to maintain the right balance between supply and demand. As such, companies are now partnering with firms like Infiniti Research to leverage their expertise in offering demand management solution.
Infiniti’s demand management solutions can help you deal with issues such as analyzing and estimating customers’ demands and requirements. Request a free proposal.
The business challenge: The client is a medical device manufacturer in the United States. Due to the inconsistent nature of the product demand, the client was facing challenges in efficiently managing their inventory activities and production processes. As a result, the company witnessed a huge dip in their sales rate and profit margins. Therefore, the client approached the experts at Infiniti Research to leverage their expertise in offering demand management solution. By leveraging Infiniti’s demand management solution, the client wanted to enhance demand forecasting accuracy for the product, identify long-term savings opportunities, and create efficient cash flow management.
Do you want to accurately identify the target stock levels to meet the potential market demand for your products in the market? Our demand management solutions can help. Contact us!
The solution offered: By leveraging Infiniti’s expertise in offering market research solution, the experts helped the client to understand transformations and developments in the US medical device industry. Also, the experts conducted an inventory forecasting engagement to help the client identify potential demand for their products in the US market.
Furthermore, our competitive intelligence solutions helped the client to understand their strengths and weaknesses compared to the top medical devices companies in the US. Also, the client was able to make smarter decisions regarding inventory and production processes. This helped them achieve huge savings in their operational cost and realize savings of over $5.2 million in a year.
Infiniti’s demand management solution helped the client to:
- Reduce the risk of stock-outs, lower holding cost, and increase turnover rates
- Fulfill customer demands seamlessly
- Wondering how your business can benefit from our demand management solution? Request more information from our experts!
Infiniti’s demand management solutions offered predictive insights on:
- Identifying the target stock levels to meet the potential market demand for medical devices in the United States
- Analyzing top competitors' business strategies and plans
- Want to gain more insights into our services portfolio? Request free brochure.
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us
US: +1 844 778 0600
UK: +44 203 893 3400
Source: Infiniti Research