Manufacturing
Over the past year we have continued our development
as a world class manufacturer of a medical product. We have consolidated our supplier base and strengthened supplier relationships to improve visibility and involvement in materials supply. We continue to develop the capabilities of our production team and continuously improve our processes, quality and yields. Our sales forecast, production planning, purchasing and order fulfilment are now formalised into our Integrated Business Planning processes which, along with the successful implementation of the Manufacturing Resource Planning (MRP) functionality
of our ERP system, provide improved control for the anticipated increase in volumes and complexity.
Outlook
The Company is well positioned for growth and working towards profitability is a focus for 2014. Priorities include:
Over the past year we have continued our development
as a world class manufacturer of a medical product. We have consolidated our supplier base and strengthened supplier relationships to improve visibility and involvement in materials supply. We continue to develop the capabilities of our production team and continuously improve our processes, quality and yields. Our sales forecast, production planning, purchasing and order fulfilment are now formalised into our Integrated Business Planning processes which, along with the successful implementation of the Manufacturing Resource Planning (MRP) functionality
of our ERP system, provide improved control for the anticipated increase in volumes and complexity.
Outlook
The Company is well positioned for growth and working towards profitability is a focus for 2014. Priorities include:
-
Significantly increase market penetration in
North America and Europe;
-
Maximise penetration in our home markets of
Australia and New Zealand;
-
Expand into new Asian markets;
-
Enhance the range of trophon® EPR accessories; and
-
Identify the next product opportunity that leverages our
platform technology.
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