Stephen Bradley

CEO
Medical Tracking Solutions

Mr. Bradley joined Medical Tracking Solutions, Inc. (d/b/a iTraycer) after 17 years of leadership at Stryker Corporation, a leader in the medical device industry. From 2011 through 2012, Mr. Bradley served as the Vice President of Kalamazoo Campus Operations, a 1,400 person manufacturing and sourcing organization supporting over $1.5 billion in customer sales. From 2007 to 2011, Mr. Bradley served as the Vice President of Global Operations for Stryker Medical with manufacturing facilities in Michigan, New York, Quebec, and Puerto Rico. From 2005 to 2007, Mr. Bradley led Stryker Medical’s information technology organization and national service organization. Prior to that role, Mr. Bradley led various service, manufacturing, and distribution organizations for Stryker in both the United States and Ireland. Mr. Bradley is a graduate of the United States Military Academy at West Point with a Bachelor of Science in Mechanical Engineering, and he spent nine years as an infantry officer, including participation in the Invasion of Panama and the first Gulf War.

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Day 1: Shifting The Supply Chain In Response To The New Healthcare Environment

Friday, November 4th, 2016

14:40 Inventory Visibility: Driving The Evolution Of The Medical Device Supply Chain

Supply chains in the medical device industry are evolving. Manufacturers are in the process of shifting from a centralized distribution model to one where product is closer to the point of sale through partnerships with third-party logistics providers (3PLs). The key is to institute a robust tracking system that enables the manufacturer to leverage a comprehensive yet complex network with global visibility, real-time communications, and sophisticated functionality. The benefits of this advanced supply chain fall into two columns: financial and operational gains for the manufacturer and significant advantages to healthcare providers and their patients.

What prevented this from happening sooner?

-Limited software solutions to provide supply chain visibility
-Industry is slow to evolve
-Insourcing was rampant
-3PLs were focused on centralized pick and ship
-ERP/WMS systems were unable to support model

Why Now?

-Technology has arrived
-3PLs have realized that to win pick and ship they must provide value added services as well
oReturns
oLoaners
oIn hospital data capture
oDecentralized operations
-Supply Chain account for too much of COGS
-Distribution leadership is becoming more valued Where are we going?
-End to End visibility of inventory across OEMs, 3PLs, and Hospitals
-Real time transactional data capture that drives actions
-Replenishment in hours not days
-Sales data in real time
-Reduction of trunk stock
-Elimination of inventory manager “Sales Reps”
-Tripling turns rates