success story #1 • Currie Medical Specialties, Inc.
GTA’s turnkey sourcing solutions enabled Currie Medical Specialties to significantly lower production costs with their new outsourced provider.
“GTA was instrumental. Their team is always focused on details, and has been a great partner in helping us to grow our business.”
Scott Bowman, CFO Currie Medical Specialties, Inc.
Currie Medical Specialties, Inc. (CMS) is a manufacturer and distributer of medical devices and garments. As CMS evaluated opportunities to grow production capacities while also improving cost structure, CMS contacted GTA to perform an assessment of outsourcing partner opportunities.
After the assessment, CMS hired GTA in April 2012 to assist with contracting and implementing an additional overseas sourcing option for their alternating leg pressure garments, which required strict compliance to FDA and ISO certification standards.
Currie Medical’s goals in outsourcing were to:
MAINTAIN THE SUPERIOR QUALITY
ESTABLISH A RELIABLE SUPPLY CHAIN THAT WOULD ALLOW THEM TO MANAGE INVENTORIES IN ACCORDANCE WITH THEIR CUSTOMER’S NEEDS
Add additional sourcing capacity for its growing business volumes
Achieve a lower landed cost
Because of GTA’s extensive medical relationships and experience in Asia they were able to provide multiple sourcing options to CMS for their final consideration. In less than five months from first meeting, GTA had created a fully functioning international supply chain and has now been delivering quality products from the factory to Currie Medical for over four years.
Without sacrificing quality or consistency, CMS found significantly lower production costs with their new outsourced provider on their landed product costs by sourcing internationally with GTA. From the outset, GTA has helped manage production and the entire supply chain, allowing Currie Medical to minimize risks and reduce inventory costs.
Overall, the relationship works very well. Global Trade Advisors do what they do best internationally to enable Currie Medical to excel in their market.