What new procurement challenges does the medical companies face in 2024?

The medical industry, which we advise, like many other sectors, is facing dynamic changes and challenges, particularly in the area of procurement for the year 2024.
With technological advancements, regulatory evolution, and increasing patient expectations, medical companies are confronted with increasingly complex tasks related to supply chain management.

We present several key challenges that will shape the future of procurement in the medical industry:

1. Cost Management and Financial Efficiency – the introduction of innovative technologies, modern therapies, and growing quality requirements makes procurement costs in the medical sector more demanding. Companies must focus on efficiently managing costs while maintaining consistently high-quality services.

2. Technological Development and Digitization – the adoption of new technologies such as artificial intelligence and telemedicine poses a necessity for medical companies to adapt to the rapidly changing environment. The integration of IT systems, data management, and information security becomes crucial areas that need effective addressing.

3. Sustainable Development and Social Responsibility – customers and business partners increasingly expect medical companies to conduct their operations with respect for the environment and local communities. Finding suppliers of materials and raw materials in line with sustainable development principles, as well as implementing eco-friendly practices in the supply chain, becomes a priority for all of us.

4. Globalization and Supply Chain Risks – the COVID-19 pandemic has highlighted the importance of effective supply chain risk management. Medical companies must be prepared for the instability of global markets, changing political and economic conditions, and other factors that may affect the availability of key raw materials and products worldwide.

5. Flexibility and Personalization – individual patient needs and dynamic market changes require greater flexibility in adapting offerings for medical companies. The personalization of products and services becomes a key element in acquiring and retaining customers.