You probably don't think of Henry Schein as a technology company. In fact, you probably don't think of Henry Schein at all. At No. 268 on the Fortune 500, it is one of the least known names on the list, in the most mundane of businesses - wholesaling supplies to dentists. But Henry Schein has managed to place itself at the center of a technological revolution. It has turned its dull-as-mouthwash catalogue business into the leading platform for digital dentistry, and increasingly for other medical practices.
Merck & Co. is facing another supply interruption for its ovulation-stimulating hormone Follistim, and like the supply lapse from several years ago, Merck has little to say.
Having a supply chain strategy is equally important for midsize companies as it is for enterprise-level firms. In Part I of this series, here are some of the key high-level approaches you can adapt from your bigger business counterparts.
Technavio analysts are forecasting positive growth for many segments of the global IT spending market by industry over the next four years as several related markets, including IT spending in railways, spending in airports and healthcare supply chain management, will likely witness an increase in revenues.
Taking a company global sounds great, but once a business decides to do it, the cascade of challenges begins. Customs clearance, industry rules and regulations, and new infrastructures are just a few — especially for mid-size companies. The ones that succeed will be the ones that have done the most homework and found the right partners.
Retailing giant Walmart and global drug wholesaler McKesson would both like to improve their bottom lines and think that pooling their purchasing power for generic meds can help them do that.
Members of the International Food & Beverage Alliance (IFBA) have taken another step in progressing the commitments they first made to the World Health Organization in 2008 with the adoption of a worldwide plan to phase out industrially produced trans fatty acids (TFAs) in their products.