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TradeBeam Delivers OPEX and Working Capital Savings for Medical Device Manufacturers via Collaborative Inventory Management
Integrated logistics processes offer as much as 110% ROI within one year
SAN MATEO, Calif. – February 3, 2009 – TradeBeam, the leader in SaaS-based global trade management solutions (GTM), today announced that its collaborative inventory management system enables medical device manufacturers to optimize inventory levels across multiple tiers of the supply chain. This integration leads to OPEX and working capital savings, and ultimately helps manufacturers gain as much as a 110 percent return-on-investment in one year through reduced inventory and improved customer and supplier performance.
The medical equipment industry currently faces increased pressure to lower costs and control working capital more effectively. Since businesses and their suppliers’ must constantly adapt to ever-changing demand, it is critical that their technology infrastructure is highly flexible and can be quickly adapted to meet these challenges. With TradeBeam’s solution, medical device manufacturers can reduce inventory, save costs, and increase service levels.
TradeBeam’s i-Supply solution allows businesses to integrate multiple inventory management models into a single system and manage replenishment of raw material, components and distribution centers accordingly. i-Supply optimizes inventory levels between distribution centers and manufacturers as well as manufacturers and their suppliers by providing the visibility to minimize risk and disruptions, and improve predictability. Additionally, i-Supply’s improved inventory collaboration brings near-term working capital reductions.
“In today’s economic environment, medical device manufacturers are facing pressure from hospitals that need to lower their overall spending,” said Graham Napier, CEO of TradeBeam. “TradeBeam’s solution enables the manufacturers to save costs by integrating multiple logistic systems and optimizing inventory. This allows hospitals to purchase the needed equipment at a lower cost without affecting the quality of patient care.”
About TradeBeam
TradeBeam is a Global Trade Management (GTM) software and services company providing on demand solutions that streamline global trading for enterprises and their partners. TradeBeam's integrated solution provides import and export compliance and visibility including inventory management, shipment tracking, and supply chain event management, as well as global trade finance solutions such as open account and letter of credit management. Founded in 1999 and headquartered in the San Francisco Bay Area, TradeBeam has operations in the United States, Europe, China, and India. www.tradebeam.com
Media Contact
Catriona Harris
Vantage Communications for TradeBeam
+1 407-767-0452 ext. 222
charris@pr-vantage.com