PEKO Precision Products

Bringing a new Medical Device to the market?  How will you tackle the commercialization process?  Are you a start-up that has stakeholders and investors on edge pestering when your final product will hit the market?  If yes, then you'll benefit from outsourcing your medical equipment to a Contract Manufacturer. 

There are many benefits of outsourcing to a Contract Manufacturer and when a company is trying to bring a medical device to market, there's a lot at stake because the medical industry requires additional tests and processes before a Medical Device can be brought to market.  We wrote a blog on the extra elements required for Medical Device Development a few months ago, read more on that here, and for this post, we'll highlight the expected benefits medical device companies can expect when outsourcing to an experienced CM.

You have a great new technology.  Your breakthrough idea is ready to disrupt the market and your stakeholders are ready to see the sales roll in.  The only problem?  How are you going to put together enough piece parts to produce a functioning prototype? 

Recently, I was researching one of our favorite industries, medical device manufacturing, and came across an extremely well-written article with some excellent points that deserved commentary.   Being a contract manufacturer for medical device OEMs gives PEKO a particular insight into the industry.  Every day, projects come across our desk that can be anywhere from prototype, beta or even full rate production stage in their product commercialization life cycle.  Each phase has it's own particularities that only a truly qualified manufacturer can navigate.  

The process to ensure successful Medical Device Assembly for Medical programs begin when the program is accepted.  When you outsource a Medical Device to a Contract Manufacturer, follow these 6 critical steps to guarantee the success of your program once it's transitioned over to the full-scale assembly phase. 

We have a new video that explains our New Product Introduction and Development Processes.  Check it out below!

In 2019, PEKO is taking an initiative to automate our data collection and analysis for our corporate metrics, process measures, and our ability to model our data for future business.  As part of this effort we have been delving into BI (Business Intelligence) software and a special piece of powerful software that allows us to map to all of our disparate data sources and combine, modify and model directly.  With a campus as large as ours, BI software will allow us to manage all of the equipment, machinery and processes that make up our organization. 

Product Type: Metals Recycling Company 

Product Type: 5-axis CNC Machine

We've shared the importance of having an NPI, or New Product Introduction, division when integrating your technology to a Contract Manufacturer–you can read about that here.  However, for this blog post, we're going to focus on how the critical steps taken during the on-boarding phase within a NPI group will drive the success of Medical Device projects down the road. 

We are constantly surrounded by data and as the IoT seems to have no indication of slowing down, what does this mean for the manufacturing industry as a whole?  Well, Michael Mansard of Zuora Inc. has some interesting comments on how manufacturing companies have evolved their business scope from  just pushing products off the shelves in his article published in Industry Today: Services, Not Products, Are the Future of Manufacturing.