March 14, 2013
Holt, MI - Orchid MPS Holdings, LLC (Orchid) has expanded its supply chain solutions to include insourcing of their customer’s specialized, in-house processes. This falls in line with the many other partner solutions that Orchid offers such as value-stream rationalization, kanban pull systems, vendor managed inventory and turnkey solutions – design to launch.
“Orchid’s many solutions have evolved out of listening to customer needs and adapting our business to address those needs,” said Mike Miller, Orchid’s CEO. “This partnership with customers is the next logical step in our development as a supplier partner. We have successfully partnered with customers on value stream rationalization activities and bringing our customer’s manufacturing processes in-house will help both companies achieve their current business goals,” Miller continued.
One recent example of this solution was helping Wright Medical Technology, Inc. (Wright) to optimize their supply chain through a long-term arrangement with Orchid to supply orthopaedic metal casting materials. Orchid’s current casting capabilities include both air and vacuum investment casting along with complete product finishing. Both cobalt-chrome-moly and stainless steel alloys are cast at the two Orchid facilities based in Oregon City, Oregon in the US and Sheffield, England in the UK.
William Griffin, Senior Vice-President of Operations at Wright Medical, said, “I am delighted to see Orchid’s growth through this partnership with Wright, which demonstrates Orchid’s commitment to customer solutions that create value for all parties involved. This arrangement will allow us to utilize our existing staff in other areas and allow Orchid to efficiently manage this process for us.”
Orchid will continue to partner with customers to look for ways to optimize the supply chain, remove complexity and reduce overall costs.
Orchid Orthopedic Solutions is a global solution provider in contract design and manufacturing for the orthopedic, dental, and cardiovascular markets. Orchid’s mission is to be the leader in contract medical design and manufacturing by compressing time to market, providing new technology, and being the best total supply-chain value. The company offers an array of implants and instruments within these core capabilities: design, forging, casting, machining, plastics, complex instrumentation, sterile packaging and coatings. For more information about Orchid, visit the Company’s website at www.orchid-ortho.com.
Wright Medical Group, Inc. is a global orthopaedic medical device company that specializes in the design, manufacture and marketing of devices and biologics for extremity, hip and knee reconstruction and is the recognized leader of surgical solutions for the foot and ankle market. The Company has been in business for more than 60 years and markets its products in over 60 countries worldwide. For more information about Wright Medical, visit the Company’s website at www.wmt.com.
[For inquiries please contact:]
Orchid: Mike Miller, CEO, Orchid Orthopedic Solutions, LLC, +1 (517) 694-2300
Wright: Julie Tracy, Chief Communications Officer, Wright Medical Group, Inc., +1 (901) 290-5817
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