UPS Enhances U.S. Field Stocking Location (FSL) Network to Support Medical Device Industry
July 14 2014 - 11:00AM
UPS® (NYSE: UPS) today announced it has developed a
healthcare-compliant network of Field Stocking Locations (FSLs) to
reduce delivery time of medical device shipments and enhance
inventory visibility. FSLs are strategically-located facilities
designed to support time-sensitive distribution and efficient
warehousing of products. UPS's FSL network helps companies get
products to their customers faster while better managing inventory
costs, regulatory compliance and end-to-end visibility.
In the U.S., 36 healthcare-capable FSL sites will provide
medical device manufacturers access to over 80 percent of U.S.
hospital beds within four hours. These facilities will operate
under the guidance of UPS's industry-leading quality assurance and
compliance program, feature temperature-controlled or monitored
environments and offer same-day delivery services. These features
enable medical device manufacturers and their field sales
representatives to provide best-in-class service to their customers
and better manage their inventories to gain efficiencies.
"Due to an increasingly complex regulatory environment and
significant cost pressures, medical device manufacturers are
looking to the supply chain to lower costs through inventory
reduction and enhanced visibility," said John Menna, UPS vice
president, global healthcare strategy. "Based on our experience in
healthcare distribution and utilizing UPS's industry-leading global
FSL network, we have created a tailored inventory management and
distribution solution to meet the unique needs of medical device
manufacturers."
This marks the latest in a series of recent expansions to UPS's
healthcare compliant network, which in addition to the 36 FSLs,
includes 46 healthcare-dedicated and compliant warehousing and
distribution facilities worldwide. UPS healthcare facilities help
ensure regulatory compliance, protect high-value and
temperature-sensitive products and speed distribution to end
providers. UPS healthcare solutions also include a full suite of
UPS Temperature True® temperature-sensitive transportation and risk
mitigation solutions.
UPS's sophisticated and far-reaching FSL network, which includes
more than 950 locations globally, has been in operation since 1995
and is utilized by multiple industries including high-tech,
telecommunications, aerospace, industrial, automotive and
non-regulated medical device manufacturers.
For more information on UPS's healthcare logistics expertise and
solutions, visit: www.ups.com/healthcare.
About UPS
UPS (NYSE:UPS) is a global leader in logistics, offering a broad
range of solutions including transporting packages and freight;
facilitating international trade, and deploying advanced technology
to more efficiently manage the world of business. Headquartered in
Atlanta, UPS serves more than 220 countries and territories
worldwide. The company can be found on the web at ups.com® and its
corporate blog can be found at blog.ups.com. To get UPS news
direct, visit pressroom.ups.com/RSS.
# # #
CONTACT: Peggy Gardner, UPS Public Relations
pgardner@ups.com
+1 404-828-6051
Rebecca Harbin, MSL GROUP
rebecca.harbin@mslgroup.com
+1 404-870-6825
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