Reduce Your Medical Device Costs: 30 Strategies
Explore 30 strategies that have saved companies hundreds of millions of dollars — with real-world examples from IKEA, Walmart, P&G, Dell, Glossier, and more.
These strategies cover a range of approaches that aim to provide a broad perspective on optimization opportunities layered within your packaging choices.
Often, the most impactful cost reductions are ones you’ve never considered before. We hope this guide opens your eyes to a few new ideas.
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Strategies and case studies included in this guide:
Packaging Design
- Use fewer components
- Ship less air
- Reduce material thickness
- Reduce product volume
- Ready-to-ship SKUs
- Modular packaging
- Optimize for dimensional weight shipping
- Faster fulfillment
- Use stock packaging or semi-custom packaging
- Reduce print coverage and colors
Logistics and Storage
- Use local factories to reduce freight costs
- Manufacture and ship by the truckload
- Reduce air freight
- Reduce tertiary packaging
- Reduce volume in storage and transit
- Avoid stock-outs
Customer Experience
- Offer a low packaging option to your customers
- Balance defective shipments and replacement costs
- Invest in reusable or refillable packaging
- Save customer service time by reducing inquiries
Sourcing and Supplier Management
- Know what you’re paying for
- Choose factories with the right equipment
- Rethink your RFP process
- Streamline vendor management and purchasing
- Structure your packaging specs
- Consolidate CM and 3PL purchasing
- Invest in packaging engineering
Disruptions
- Standardize quality using AQL
- Set up backup factories and load balancing
- Plan alternative packaging
